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SEGMENT INFORMATION (Tables)

6 Months Ended

Sep. 30, 2023

SEGMENT INFORMATION.

Summary of financial information for segments


		Three Months Ended						Six Months Ended
		September 30,						September 30,
		2023			2022			2023			2022
Ranor		$	4,495,747		$	4,933,653		$	8,994,844		$	9,659,584
Stadco			3,606,014			3,588,994			6,573,147			5,939,420
Intersegment elimination			(131,675)			—			(226,665)			—
Net sales from external customers			7,970,086			8,522,647			15,341,326			15,599,004
Ranor			672,601			1,556,110			1,547,204			2,993,666
Stadco			(322,741)			(755,299)			(1,227,265)			(2,214,090)
Corporate and unallocated (1)			(947,213)			(888,234)			(1,497,092)			(1,425,008)
Total operating loss			(597,353)			(87,423)			(1,177,153)			(645,432)
ERTC refundable credits			—			624,045			—			624,045
Other income			40,875			73,561			40,876			40,336
Interest expense			(148,553)			(83,730)			(242,639)			(167,375)
Consolidated (loss) income before income taxes		$	(705,031)		$	526,453		$	(1,378,916)		$	(148,426)
Depreciation and amortization:
Ranor								$	263,206		$	264,143
Stadco									864,853			852,459
Totals								$	1,128,059		$	1,116,602
Capital expenditures
Ranor								$	2,654,407		$	99,836
Stadco									4,530			399,505
Totals								$	2,658,937		$	499,341

(1)	Corporate general costs include executive and director compensation, and other corporate administrative expenses not allocated to the segments. Prior period segment data is revised to reflect current period updates to unallocated corporate administrative expense.