XML 34 R25.htm IDEA: XBRL DOCUMENT v3.23.3

REVENUE (Tables)

6 Months Ended

Sep. 30, 2023

REVENUE

Schedule of net sales on a disaggregated basis by market and contract type

​

​	​	​	​	​	​	​	​	​	​
Net Sales by market		Defense			Industrial			Totals
Three months ended September 30, 2023	​	$	7,959,628	​	$	10,458	​	$	7,970,086
Three months ended September 30, 2022	​	$	8,385,441	​	$	137,206	​	$	8,522,647
Six months ended September 30, 2023	​	$	15,159,032	​	$	182,294	​	$	15,341,326
Six months ended September 30, 2022	​	$	15,226,365	​	$	372,639	​	$	15,599,004

​

​	​	​	​	​	​	​	​	​	​
Net Sales by contract type		Over-time			Point-in-time			Totals
Three months ended September 30, 2023	​	$	7,413,656	​	$	556,430	​	$	7,970,086
Three months ended September 30, 2022	​	$	8,219,139	​	$	303,508	​	$	8,522,647
Six months ended September 30, 2023	​	$	14,347,460	​	$	993,866	​	$	15,341,326
Six months ended September 30, 2022	​	$	14,841,232	​	$	757,772	​	$	15,599,004

Schedule of contract assets

​

​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	Progress		​	​	​
​		Unbilled			payments			Total
September 30, 2023	​	$	20,183,772	​	$	(12,087,164)	​	$	8,096,608
March 31, 2023	​	$	19,485,914	​	$	(10,538,103)	​	$	8,947,811

​

Sales

REVENUE

Schedule of trade accounts receivable from customers who accounted for more than 10%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Three months ended

​

Six months ended

​

Six months ended

​

​

​

September 30, 2023

​

September 30, 2022

September 30, 2023

​

September 30, 2022

​

Customer

Amount

Percent

Amount

Percent

Amount

Percent

Amount

Percent

A

​

$

2,560,204

32

%

$

1,438,049

17

%

$

4,845,478

​

32

%

$

2,734,436

​

18

%

B

​

$

999,540

13

%

$

*

*

%

$

1,742,776

​

11

%

$

*

​

*

%

C

​

$

*

​

*

%

$

1,614,929

​

19

%

$

*

​

*

%

$

3,378,520

​

22

%

D

​

$

*

​

*

%

$

1,971,441

​

23

%

$

*

​

*

%

$

3,043,315

​

20

%

*Less than 10% of total

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 954
-SubTopic 310
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481027/954-310-50-2

+ Details

Name:	us-gaap_ConcentrationRiskLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-21

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-20

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-18

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-20

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-16

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-21

+ Details

Name:	us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: