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REVENUE (Tables) | 12 Months Ended
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Mar. 31, 2024
REVENUE |
Schedule of net sales on a disaggregated basis by market and contract type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Sales by market |  | Defense |  | Industrial |  | Totals
Year ended March 31, 2024 | ​ | $ | 31,405,569 | ​ | $ | 185,490 | ​ | $ | 31,591,059
Year ended March 31, 2023 | ​ | $ | 30,935,138 | ​ | $ | 496,476 | ​ | $ | 31,431,614
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Sales by contract type |  | Over-time |  | Point-in-time |  | Totals
Year ended March 31, 2024 | ​ | $ | 30,412,981 | ​ | $ | 1,178,078 | ​ | $ | 31,591,059
Year ended March 31, 2023 | ​ | $ | 29,785,799 | ​ | $ | 1,645,815 | ​ | $ | 31,431,614
Schedule of contract assets and contract liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Progress | ​ | ​ | ​
Contract assets |  | Unbilled |  | Payments |  | Total
March 31, 2024 | ​ | $ | 19,254,512 | ​ | $ | (10,727,786) | ​ | $ | 8,526,726
March 31, 2023 | ​ | $ | 19,485,914 | ​ | $ | (10,538,103) | ​ | $ | 8,947,811
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract liabilities |  | Deferred revenue |  | Customer Deposits |  | Total
March 31, 2024 | ​ | $ | 2,103,567 | ​ | $ | 1,684,366 | ​ | $ | 3,787,933
March 31, 2023 | ​ | $ | 1,195,298 | ​ | $ | 1,138,293 | ​ | $ | 2,333,591
​
Sales |
REVENUE |
Schedule of trade accounts receivable from customers who accounted for more than 10% | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2024 | ​ | 2023 |
Customer |  | Amount |  | Percent |  | Amount |  | Percent |
Customer A | ​ | $ | 9,050,470 |  | 29 | % | $ | 6,352,394 |  | 20 | %
Customer B | ​ | $ | 3,257,616 |  | 10 | % | $ | * |  | * | %
Customer C | ​ | $ | * |  | * | % | $ | 4,779,592 |  | 15 | %
Customer D | ​ | $ | 3,830,958 | ​ | 12 | % | $ | 3,248,773 | ​ | 10 | %
Customer E | ​ | $ | 3,319,827 | ​ | 10 | % | $ | 5,838,734 | ​ | 19 | %
*Less than 10% of total

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