XML 64 R54.htm IDEA: XBRL DOCUMENT v3.24.4
DEBT - Additional Information (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 01, 2024
May 31, 2024
Mar. 20, 2024
Dec. 20, 2023
Dec. 23, 2022
Aug. 25, 2021
Dec. 21, 2016
Sep. 30, 2024
Sep. 30, 2023
Mar. 31, 2024
May 28, 2024
May 24, 2024
May 23, 2024
Jan. 20, 2017
DEBT                            
Maximum amount of borrowing base required to grant loan advance               $ 5,000,000            
Weighted average amount outstanding               2,286,000            
Capital expenditures               1,622,000 $ 2,659,000          
Basis spread on variable rate (as a percent) 2.50% 2.25%                        
Revolver loan                            
DEBT                            
Maximum principal amount                     $ 4,500,000 $ 4,500,000 $ 5,000,000  
Interest payments               $ 90,000 $ 83,000          
Stadco Term Loan, at 3.79% interest, due August 2028                            
DEBT                            
Principal amount of debt           $ 4,000,000                
Maturity term           7 years                
Monthly payments of principal and interest amount           $ 54,000                
Interest rate (as a percent)               3.79%   3.79%        
Debt Instrument, Face Amount           $ 4,000,000                
Unamortized debt issuance expense               $ 24,000   $ 30,000        
Basis spread on variable rate (as a percent)           2.25%                
Stadco Term Loan, at 3.79% interest, due August 2028 | Ranor, Inc.                            
DEBT                            
Unamortized debt issuance expense                   $ 59,000        
Stadco Term Loan, at 3.79% interest, due August 2028 | Ranor, Inc. | Revolver loan                            
DEBT                            
Principal amount of debt           $ 4,000,000                
Debt Instrument, Face Amount           $ 4,000,000                
Stadco Term Loan at 3.79% interest, due August 2028.                            
DEBT                            
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]           tpcs:FederalHomeLoanBankOfBostonClassicAdvanceRateMember                
Ranor term loan                            
DEBT                            
Weighted average interest rate (as a percent)               7.81%   7.60%        
Unused borrowing capacity               $ 1,143,000   $ 539,000        
Ranor term loan | Revolving Credit Facility                            
DEBT                            
Maximum amount of borrowing base required to grant loan advance             $ 5,000,000              
Ranor term loan | Revolver loan                            
DEBT                            
Maximum principal amount             $ 5,000,000              
Ranor term loan | Ranor, Inc.                            
DEBT                            
Proceeds limit from term loan           $ 2,850,000                
Unamortized debt issuance expense               75,000            
Berkshire Loan                            
DEBT                            
Amount of debt outstanding               7,154,000            
Annual capital expenditure               1,500,000            
Berkshire Loan | Revolving Credit Facility                            
DEBT                            
Debt instrument percentage of accounts receivable used for determination of aggregate amount of advances             80.00%              
Debt instrument percentage of eligible raw material used for determination of aggregate amount of advances             25.00%              
Amount included in sum to calculate maximum borrowing base             $ 250,000              
Berkshire Loan | Revolver loan                            
DEBT                            
Proceeds limit from term loan     $ 2,000 $ 1,000                    
Weighted average amount outstanding               $ 2,600,000            
Nonrefundable commitment fee percentages               0.25%            
Berkshire Loan | Secured Term Loan                            
DEBT                            
Monthly payments of principal and interest amount         $ 19,000                  
Interest rate (as a percent)                           5.21%
Berkshire Loan | Notes payables                            
DEBT                            
Debt Instrument percentage of appraised value Of equipment for determination of aggregate amount of advances             80.00%              
Berkshire Loan | Ranor, Inc.                            
DEBT                            
Debt instrument covenant trailing period for measurement of loan to value ratio               365 days            
Berkshire Loan | Ranor, Inc. | Secured Term Loan                            
DEBT                            
Principal amount of debt             $ 2,850,000,000              
Debt Instrument, Face Amount             $ 2,850,000,000              
Berkshire Loan | Minimum                            
DEBT                            
Cash flow ratio of debt service               1            
Debt instrument covenant leverage ratio year one               1            
Loan-to-Value Ratio               1            
Berkshire Loan | Maximum                            
DEBT                            
Cash flow ratio of debt service               1.2            
Debt instrument covenant leverage ratio year one               2.5            
Loan-to-Value Ratio               0.75