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SEGMENT INFORMATION (Tables)

9 Months Ended

Dec. 31, 2023

SEGMENT INFORMATION.

Summary of financial information for segments


		Three Months Ended						Nine Months Ended
		Decemebr 31,						Decemebr 31
		2023			2022			2023			2022
Net Sales
Ranor		$	4,296,471		$	4,735,459		$	13,291,315		$	14,395,043
Stadco			3,369,497			3,591,886			9,942,644			9,531,306
Intersegment elimination			(16,305)			—			(242,970)			—
Net sales from external customers			7,649,663			8,327,345			22,990,989			23,926,349
Operating (loss) income
Ranor			1,014,681			1,334,565			2,561,885			4,077,962
Stadco			(514,067)			(561,291)			(1,741,331)			(2,775,382)
Corporate and unallocated (1) (2)			(1,496,676)			(498,959)			(2,993,769)			(1,673,697)
Total operating (loss) income			(996,062)			274,315			(2,173,215)			(371,117)
ERTC refundable credits			—			—			—			624,045
Other income			1			254			40,877			40,590
Interest expense			(109,503)			(93,603)			(352,142)			(260,978)
Consolidated (loss) income before income taxes		$	(1,105,564)		$	180,966		$	(2,484,480)		$	32,540
Depreciation and amortization:
Ranor								$	481,029		$	391,172
Stadco									1,277,896			1,275,569
Totals								$	1,758,925		$	1,666,741
Capital expenditures
Ranor								$	2,755,886		$	175,873
Stadco									26,460			487,160
Totals								$	2,782,346		$	663,033

(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.

(2)	For the three and nine months ended December 31, 2023, includes $1.0 million of expenditures for outside advisory services in connection with a potential acquisition.