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v3.25.2

LEASES | 12 Months Ended
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Mar. 31, 2025
LEASES |
LEASES | NOTE 14 – LEASES Stadco is a party to an amended building and property operating lease and recorded a right of use asset and liability of $6,629. Monthly base rent for the property is $83 per month. The term of the lease will expire on June 30, 2030, and the lessee has no right of renewal beyond the expiration date. The lease contains customary default provisions allowing the landlord to terminate the lease if the lessee fails to remedy a breach of its obligations under the lease within the period specified in the lease, or upon certain events of bankruptcy or seizure or attachment of the lessee’s assets or interest in the lease. The lease also contains other customary provisions for real property leases of this type. The following table lists our right-of-use assets and liabilities on our consolidated balance sheets at: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025 |  | March 31, 2024
Finance lease: |  | ​ | ​ | ​ | ​ |
Right of use asset – operating lease | ​ | $ | 6,629 | ​ | $ | 6,629
Right of use asset – finance leases | ​ | ​ | 65 | ​ |  | 65
Amortization | ​ | ​ | (2,426) | ​ | ​ | (1,717)
Right of use asset, net | ​ | $ | 4,268 | ​ | $ | 4,977
Lease liability – operating lease | ​ | $ | 4,398 | ​ | $ | 5,125
Lease liability – finance leases | ​ | ​ | 10 | ​ | ​ | 19
Total lease liability | ​ | $ | 4,408 | ​ | $ | 5,144
​ Other supplemental information regarding our leases is contained in the following tables: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Components of lease expense for the year ended: |  | March 31, 2025 |  | March 31, 2024
Operating lease amortization | ​ | $ | 700 | ​ | $ | 668
Finance lease amortization | ​ | $ | 9 | ​ | $ | 15
Finance lease interest | ​ | $ | — | ​ | $ | 1
​
​ | ​ | ​ | ​ | ​ | ​
Weighted average lease term and discount rate at: |  | March 31, 2025 |  | March 31, 2024 |
Lease term (years) – operating lease |  | 5.25 | ​ | 6.25 | ​
Lease term (years) – finance lease | ​ | 1.00 | ​ | 2.00 | ​
Lease rate – operating lease | ​ | 4.5 | % | 4.5 | %
Lease rate – finance lease |  | 3.2 | % | 3.2 | %
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental cash flow information related to leases for the year ended: |  | March 31, 2025 |  | March 31, 2024
Cash used in operating activities | ​ | $ | 939 | ​ | $ | 939
Cash used in financing activities | ​ | $ | 9 | ​ | $ | 17
​ Maturities of lease liabilities on March 31, 2025 for the next five years and thereafter: ​
​ | ​ | ​ | ​
April 1, 2025 – March 31, 2026 |  | $ | 949
April 1, 2026 – March 31, 2027 | ​ |  | 939
April 1, 2027 – March 31, 2028 | ​ |  | 939
April 1, 2028 – March 31, 2029 | ​ |  | 939
April 1, 2029 – March 31, 2030 | ​ |  | 939
Thereafter | ​ |  | 155
Total lease payments | ​ | $ | 4,860
Less: imputed interest | ​ |  | 452
Total | ​ | $ | 4,408
​

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References No definition available. + Details
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Namespace Prefix: | tpcs_
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Balance Type: | na
Period Type: | duration

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- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration