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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 132 $ 138
Accounts receivable, net 2,387 2,371
Contract assets 9,545 8,527
Raw materials 1,802 1,827
Work-in-process 1,558 1,423
Other current assets 459 564
Total current assets 15,883 14,850
Property, plant and equipment, net 14,380 14,798
Right of use asset, net 4,627 4,977
Other noncurrent assets 122 122
Total assets 35,012 34,747
Current liabilities:    
Accounts payable 3,149 1,408
Accrued expenses 3,936 4,263
Contract liabilities 2,517 3,788
Current portion of long-term lease liability 753 736
Current portion of long-term debt, net 7,055 7,559
Total current liabilities 17,410 17,754
Long-term lease liability 4,028 4,408
Other noncurrent liability 4,690 4,782
Total liabilities 26,128 26,944
Commitments (see Note 14)
Stockholders' Equity:    
Common stock - par value $0.0001 per share, 50,000,000 shares authorized; Shares issued and outstanding September 30, 2024 - 9,619,232 and 9,609,232, respectively; Shares issued and outstanding March 31, 2024 - 8,777,432. 1 1
Additional paid in capital 18,343 15,201
Accumulated deficit (9,460) (7,399)
Total stockholders' equity 8,884 7,803
Total liabilities and stockholders' equity $ 35,012 $ 34,747