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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 165 $ 138
Accounts receivable, net 1,970 2,371
Contract assets 8,417 8,527
Raw materials 1,871 1,827
Work-in-process 1,329 1,423
Other current assets 375 564
Total current assets 14,127 14,850
Property, plant and equipment, net 13,463 14,798
Right of use asset, net 4,449 4,977
Other noncurrent assets 121 122
Total assets 32,160 34,747
Current liabilities:    
Accounts payable 1,833 1,408
Accrued expenses 3,344 4,263
Contract liabilities 2,667 3,788
Current portion of long-term lease liability 761 736
Current portion of long-term debt, net 7,278 7,559
Total current liabilities 15,883 17,754
Long-term equipment financing 19  
Long-term lease liability 3,834 4,408
Other noncurrent liability 4,323 4,782
Total liabilities 24,059 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 December 31, 2024 - 9,662,525 and 9,607,525, respectively; Shares issued and outstanding March 31, 2024 - 8,777,432. 1 1
Additional paid in capital 18,359 15,201
Accumulated deficit (10,259) (7,399)
Total stockholders' equity 8,101 7,803
Total liabilities and stockholders' equity $ 32,160 $ 34,747