XML 46 R29.htm IDEA: XBRL DOCUMENT v3.24.2.u1

REVENUE (Tables)

12 Months Ended

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

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/1943274/2147478785/954-310-50-2

+ 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: