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LEASES | 6 Months Ended
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Sep. 30, 2025
LEASES |
LEASES | NOTE 13 – LEASES Stadco is a party to an amended building and property operating lease and a right of use asset. Monthly base rent for the property is $78 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 condensed consolidated balance sheets at: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2025 |  | March 31, 2025
Right of use asset – operating lease | ​ | $ | 6,629 | ​ | $ | 6,629
Right of use asset – finance leases | ​ | ​ | 65 | ​ | ​ | 65
Amortization | ​ | ​ | (2,792) | ​ | ​ | (2,426)
Right of use assets net | ​ | $ | 3,902 | ​ | $ | 4,268
Lease liability – operating lease | ​ | $ | 4,023 | ​ | $ | 4,398
Lease liability – finance leases | ​ | ​ | 5 | ​ | ​ | 10
Total lease liability | ​ | $ | 4,028 | ​ | $ | 4,408
​ Other supplemental information regarding our leases is contained in the following tables: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Components of lease expense for the six months ended : |  | September 30, 2025 |  | September 30, 2024
Operating lease amortization | ​ | $ | 362 | ​ | $ | 346
Finance lease amortization | ​ | $ | 5 | ​ | $ | 5
Finance lease interest | ​ | $ | — | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​
Weighted average lease term and discount rate at: |  | September 30, 2025 |  | September 30, 2024 |
Lease term (years) – operating lease |  | 4.75 | ​ | 5.75 | ​
Lease term (years) – finance lease | ​ | 0.50 | ​ | 1.50 | ​
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 six months ended : |  | September 30, 2025 |  | September 30, 2024
Cash used in operating activities | ​ | $ | 469 | ​ | $ | 469
Cash used in financing activities | ​ | $ | 5 | ​ | $ | 5
​ Maturities of lease liabilities on September 30, 2025 for the next five years: ​
​ | ​ | ​ | ​
October 1, 2025 – September 30, 2026 |  | $ | 944
October 1, 2026 – September 30, 2027 | ​ |  | 939
October 1, 2027 – September 30, 2028 | ​ |  | 939
October 1, 2028 – September 30, 2029 | ​ | ​ | 939
October 1, 2029 – September 30, 2030 | ​ |  | 625
Total lease payments | ​ | $ | 4,386
Less: imputed interest | ​ |  | 358
Total | ​ | $ | 4,028
​

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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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- References No definition available. + Details
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Data Type: | xbrli:stringItemType
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Period Type: | duration