XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 138,206 $ 534,474
Accounts receivable, net 3,020,723 2,336,481
Contract assets 8,096,608 8,947,811
Raw materials 1,925,085 1,692,852
Work-in-process 866,848 719,736
Other current assets 466,245 348,983
Total current assets 14,513,715 14,580,337
Property, plant and equipment, net 15,764,677 13,914,024
Right-of-use asset, net 5,322,118 5,660,938
Deferred income taxes 2,254,314 1,931,186
Other noncurrent assets, net 121,256 121,256
Total assets 37,976,080 36,207,741
Current liabilities:    
Accounts payable 1,607,001 2,224,320
Accrued expenses 2,785,839 2,533,185
Contract liabilities 3,180,681 2,333,591
Current portion of long-term lease liability 721,623 711,727
Current portion of long-term debt, net 6,958,395 1,218,162
Total current liabilities 15,253,539 9,020,985
Long-term debt, net   4,749,139
Long-term lease liability 4,780,155 5,143,974
Other noncurrent liability 4,428,812 2,699,492
Total liabilities 24,462,506 21,613,590
Commitments and contingent liabilities (see Note 14)
Stockholders' Equity:    
Common stock - par value $.0001 per share, shares authorized: 50,000,000; Shares issued and outstanding: 8,737,432 at September 30, 2023 and 8,613,408 at March 31, 2023 874 861
Additional paid in capital 14,924,927 14,949,729
Accumulated deficit (1,412,227) (356,439)
Total stockholders' equity 13,513,574 14,594,151
Total liabilities and stockholders' equity $ 37,976,080 $ 36,207,741