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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 138,402 $ 534,474
Accounts receivable, net 2,371,264 2,336,481
Contract assets 8,526,726 8,947,811
Raw materials 1,826,765 1,692,852
Work-in-process 1,422,938 719,736
Other current assets 563,688 348,983
Total current assets 14,849,783 14,580,337
Property, plant and equipment, net 14,797,991 13,914,024
Right of use asset, net 4,977,665 5,660,938
Deferred income taxes   1,931,186
Other noncurrent assets 121,256 121,256
Total assets 34,746,695 36,207,741
Current liabilities:    
Accounts payable 1,408,356 2,224,320
Accrued expenses 4,262,486 2,533,185
Contract liabilities 3,787,933 2,333,591
Current portion of long-term lease liability 735,871 711,727
Current portion of long-term debt, net 7,558,683 1,218,162
Total current liabilities 17,753,329 9,020,985
Long-term debt, net   4,749,139
Long-term lease liability 4,408,103 5,143,974
Other noncurrent liability 4,782,372 2,699,492
Total liabilities 26,943,804 21,613,590
Commitments and contingent liabilities (see Note 15)
Stockholders' Equity:    
Common stock - par value $.0001 per share, shares authorized: March 31, 2024 - 50,000,000; Shares issued and outstanding: March 31, 2024 - 8,777,432; March 31, 2023 - 8,613,408 878 861
Additional paid in capital 15,200,624 14,949,729
Retained earnings (accumulated deficit) (7,398,611) (356,439)
Total stockholders' equity 7,802,891 14,594,151
Total liabilities and stockholders' equity $ 34,746,695 $ 36,207,741