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Significant Accounting Policies (Policies)
 3 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]
Recent
ly
Adopted
Accounting Pronouncements
 
In
May 2014,
the Financial Accounting Standards Board (FASB) issued ASU
2014
-
09,
Revenue from Contracts with Customers
, and created Topic
606
(ASC
606
), requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASC
606
replaced most existing revenue recognition guidance in GAAP and is effective for fiscal years, and interim periods within those fiscal years, beginning after
December 15, 2017.
 
Effective
April 1, 2018,
the Company adopted the standard using the modified retrospective transition method. Results for reporting periods beginning after
April 1, 2018
will be presented according to ASU
2014
-
09
while prior period amounts will
not
be adjusted and will continue to be reported in accordance with the Company’s historic accounting policies. The main area impacted by ASU
2014
-
09
includes the recognition of revenue with the Company’s Ground Equipment Sales segment transitioning from percentage of completion to point in time for the Government Contracts revenue stream. Additionally, certain repair service revenues which were recorded at a point-in-time upon completion of service are now recognized over-time. Due to the short-term nature of these contracts, over-time recognition does
not
result in a material difference from point-in-time recognition. The Company calculated the transition adjustment and concluded that there was an immaterial impact due to the adoption of ASC
606.
 
In
January 2016,
the FASB issued ASU
2016
-
01,
Recognition and Measurement of Financial Assets and Financial Liabilities
, that amends the guidance on the classification and measurement of financial instruments (Subtopic
825
-
10
). ASU
2016
-
01
becomes effective in fiscal years beginning after
December 15, 2017,
including interim periods therein. ASU
2016
-
01
removes equity securities from the scope of Accounting Standards Codification (“ASC”) Topic
320
and creates ASC Topic
321,
Investments – Equity Securities
. Under the new guidance, all equity securities with readily determinable fair values are measured at fair value on the statement of financial position, with changes in fair value recorded through earnings. The update eliminates the option to record changes in the fair value of equity securities through other comprehensive income. Transitional guidance provided that entities with unrealized gains or losses on available for sale (“AFS”) equity securities were required to reclassify those amounts to beginning retained earnings in the year of adoption. As a result, the Company has reclassified the beginning amount of accumulated other comprehensive income related to AFS securities to accumulated deficit and all changes in fair values of these securities are now reflected in the Statement of Operations in the Company’s net loss for the period.
 
In
August 2016,
the FASB issued ASU
2016
-
15,
Statement of Cash Flows (Topic
230
): Classification of Certain Cash Receipts and Cash Payments
. ASU
2016
-
15
clarifies how cash receipts and cash payments in certain transactions are presented and classified in the statement of cash flows. The effective date of this update is for fiscal years, and interim periods within those fiscal years, beginning after
December 15, 2017,
with early adoption permitted. The update requires retrospective application to all periods presented but
may
be applied prospectively if retrospective application is impracticable. The Company adopted the guidance within ASU
2016
-
15
as of
April 1, 2018.
The adoption of this standard did
not
have a material impact on the Company’s consolidated financial statements.
 
In
November 2016,
the FASB issued ASU
2016
-
18,
Statement of Cash Flows (Topic
230
): Restricted Cash
. ASU
2016
-
18
requires that the statement of cash flows explain the changes in the combined total of restricted and unrestricted cash balance. Amounts generally described as restricted cash or restricted cash equivalents will be combined with unrestricted cash and cash equivalents when reconciling the beginning and end of period balances on the statement of cash flows. Further, the ASU requires a reconciliation of balances from the statement of cash flows to the balance sheet in situations in which the balance sheet includes more than
one
-line item of cash, cash equivalents, and restricted cash. Companies will also be disclosing the nature of the restrictions. ASU
2016
-
18
is effective for financial statements issued for fiscal years beginning after
December 15, 2017.
The Company adopted the guidance within ASU
2016
-
18
as of
April 1, 2018.
The impact of ASU
2016
-
18
on its financial statements was as follows: (
1
) changes in restricted cash balances are
no
longer shown in the statements of cash flows, as these balances are included in the beginning and ending cash balances in the statements of cash flows; and (
2
) included within Note
4
is a reconciliation between cash balances presented on the balance sheets with the amounts presented in the statements of cash flows.
 
In
January 2017,
the FASB issued ASU
2017
-
01,
Clarifying the Definition of a Business (Topic
805
)
.
This ASU clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The guidance is effective for fiscal years that begin after
December 15, 2017
and is to be applied prospectively. The Company adopted the guidance within ASU
2017
-
01
as of
April 1, 2018.
The adoption of this standard did
not
have a material impact on the Company’s consolidated financial statements.
 
In
May 2017,
the FASB issued ASU
2017
-
09,
Compensation – Stock Compensation (Topic
718
): Scope of Modification Accounting
, which provides guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting. This update is effective for all entities for fiscal years beginning after
December 15, 2017,
and interim periods within those years. Early adoption is permitted. The Company adopted the guidance within ASU
2017
-
01
as of
April 1, 2018.
The adoption of this standard did
not
have a material impact on the Company’s consolidated financial statements.
 
Recently Issued Accounting Pronouncements
 
In
February 2016,
the FASB issued ASU
2016
-
02,
Leases (Topic
842
)
. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than
12
months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition. Similarly, lessors will be required to classify leases as either sales-type, finance or operating, with classification affecting the pattern of income recognition. Classification for both lessees and lessors will be based on an assessment of whether risks and rewards as well as substantive control have been transferred through a lease contract. The new standard is effective for fiscal years beginning after
December 15, 2018,
including interim periods within those fiscal years, with early adoption permitted. A modified retrospective transition approach is required for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements, with certain practical expedients available. The Company is evaluating the impact of the adoption of the standard on its consolidated financial statements.
 
In
June 2016,
the FASB issued ASU
2016
-
13,
Financial Instruments—Credit Losses (Topic
326
): Measurement of Credit Losses on Financial Instruments
. This standard significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are
not
measured at fair value through net income, including trade receivables. The standard requires an entity to estimate its lifetime “expected credit loss” for such assets at inception, and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. Early adoption is permitted for annual periods beginning after
December 15, 2018,
and interim periods therein. The Company is currently evaluating the impact of the adoption of the standard on its consolidated financial statements and disclosures.
 
In
January 2017,
the FASB issued ASU
2017
-
04,
Intangibles – Goodwill and Other (Topic
350
): Simplifying the Test for Goodwill Impairment
. This ASU simplifies how an entity is required to test goodwill for impairment by eliminating Step Two from the goodwill impairment test. Step Two measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under this standard, an entity will recognize an impairment charge for the amount by which the carrying value of a reporting unit exceeds its fair value. The standard is effective for any interim goodwill impairment tests in fiscal years beginning after
December 15, 2019
and is to be applied prospectively. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after
January 1, 2017.
The Company is currently evaluating the effects that the adoption of this ASU will have on its consolidated financial statements.
 
In
August 2017,
the FASB issued ASU
2017
-
12
–
Derivatives and Hedging (Topic
815
): Targeted Improvements to Accounting for Hedging Activities
, which provides guidance on hedge accounting for both financial and commodity risks. The provisions in this standard create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes, for investors and analysts. The standard is effective for public companies for fiscal years beginning after
December 15, 2018.
Early adoption is permitted in any interim period or fiscal years before the effective date of the standard. The adoption of this standard is
not
expected to have a material impact on the Company’s consolidated financial statements.
 
In
February 2018,
the FASB amended the
Financial Instruments Topic
of the Accounting Standards Codification. The amendments clarify certain aspects of the guidance issued in ASU
2016
-
01.
Public business entities with fiscal years beginning between
December 15, 2017,
and
June 15, 2018,
are
not
required to adopt these amendments until the interim period beginning after
June 15, 2018.
The Company is currently evaluating the effects that the adoption of this ASU will have on its consolidated financial statements. The Company has
not
yet concluded how the new standard will impact the consolidated financial statements.
 
In
June 2018,
the FASB amended the
Compensation—Stock Compensation Topic
of the Accounting Standards Codification. The amendments expand the scope of Topic
718
to include share-based payment transactions for acquiring goods and services from nonemployees. The amendments are effective for fiscal years beginning after
December 15, 2018,
including interim periods within that fiscal year-public business entities. Early adoption is permitted, but
no
earlier than an entity’s adoption date of Topic
606.
The Company is currently evaluating the effects that the adoption of this ASU will have on its consolidated financial statements. The Company has
not
yet concluded how the new standard will impact the consolidated financial statements.
 
Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are
not
expected to have a material impact on the Company’s financial position, results of operations or cash flows.