XML 34 R25.htm IDEA: XBRL DOCUMENT v3.24.0.1

REVENUE (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2023	​	$	7,649,663	​	$	—	​	$	7,649,663
Three months ended December 31, 2022	​	$	8,316,711	​	$	10,634	​	$	8,327,345
Nine months ended December 31, 2023	​	$	22,808,695	​	$	182,294	​	$	22,990,989
Nine months ended December 31, 2022	​	$	23,543,077	​	$	383,272	​	$	23,926,349

​

​	​	​	​	​	​	​	​	​	​
Net Sales by contract type		Over-time			Point-in-time			Totals
Three months ended December 31, 2023	​	$	7,548,094	​	$	101,569	​	$	7,649,663
Three months ended December 31, 2022	​	$	7,813,273	​	$	514,072	​	$	8,327,345
Nine months ended December 31, 2023	​	$	21,763,438	​	$	1,227,551	​	$	22,990,989
Nine months ended December 31, 2022	​	$	22,672,048	​	$	1,254,301	​	$	23,926,349

Schedule of contract assets

​

​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	Progress		​	​	​
​		Unbilled			payments			Total
December 31, 2023	​	$	20,949,269	​	$	(12,577,086)	​	$	8,372,183
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				​	Nine months ended				​	Nine months ended				​
​	​	December 31, 2023				​	December 31, 2022					December 31, 2023				​	December 31, 2022				​
Customer		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
A	​	$	1,904,403		25	%	$	1,448,547		17	%	$	6,749,881	​	29	%	$	4,182,984	​	18	%
B	​	$	942,199		12	%	$	*		*	%	$	2,684,976	​	12	%	$	*	​	*	%
C	​	$	*	​	*	%	$	1,451,713	​	17	%	$	*	​	*	%	$	4,495,028	​	19	%
D	​	$	1,176,312	​	15	%	$	1,385,871	​	16	%	$	2,487,749	​	11	%	$	4,764,391	​	20	%
E	​	$	915,060	​	12	%	$	*	​	*	%	$	2,357,445	​	10	%	$	*	​	*	%
F	​	$	910,901	​	12	%	$	*	​	*	%	$	2,321,405	​	10	%	$	*	​	*	%

*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: