XML 48 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
16. Segment Information (Tables)
 12 Months Ended
Mar. 31, 2013
Segment Reporting Disclosure [Text Block]  
Schedule of Segment Reporting Information, by Segment [Table Text Block] The table below presents information about reportable segments for the years ended March 31:

2013
 
Avionics
Government
   
Avionics
Commercial
   
Avionics
Total
   
Corporate/
Reconciling Items
   
 
Total
 
Net sales
 
$
5,779,947
   
$
2,047,311
   
$
7,827,258
   
$
-
   
$
7,827,258
 
Cost of Sales
   
4,934,322
     
1,931,714
     
6,866,036
     
-
     
6,866,036
 
                                         
Gross Margin
   
845,625
     
115,597
     
961,222
     
 -
     
961,222
 
                                         
Engineering, research, and
 development
                   
2,149,591
             
2,149,591
 
Selling, general, and admin.
                   
1,162,608
     
1,402,029
     
2,564,637
 
Amortization of debt discount
                   
-
     
129,763
     
129,763
 
Amortization of deferred financing costs
                   
-
     
219,662
     
219,662
 
Change in fair value of
    common stock warrant
                   
-
     
(294,785
)
   
(294,785
)
Interest expense, net
                 
-
     
508,505
     
508,505
 
                     
3,312,199
     
1,965,174
     
5,277,373
 
(Loss) income before income taxes
                 
$
(2,350,977
)
 
$
(1,965,174
)
 
$
(4,316,151
)
                                         
Segment Assets
 
$
5,191,777
   
$
1,651,204
   
$
6,848,981
   
$
5,070,453
   
$
11,919,434
 
2012
 
Avionics
Government
   
Avionics
Commercial
   
Avionics
Total
   
Corporate/
Reconciling Items
   
 
Total
 
Net sales
 
$
14,013,807
   
$
2,494,871
   
$
16,508,678
   
$
-
   
$
16,508,678
 
Cost of Sales
   
8,424,141
     
1,644,095
     
10,068,236
     
-
     
10,068,236
 
                                         
Gross Margin
   
5,589,666
     
850,776
     
6,440,442
     
 -
     
6,440,442
 
                                         
Engineering, research, and
 Development
                   
2,794,478
             
2,794,478
 
Selling, general, and admin.
                   
1,488,114
     
1,481,842
     
2,969,956
 
Amortization of debt discount
                   
-
     
53,570
     
53,570
 
Amortization of deferred financing costs
                   
-
     
108,321
     
108,321
 
Proceeds from life insurance                      -        (300,029)        (300,029)  
Change in fair value of
    common stock warrant
                   
-
     
(10,847
)
   
(10,847
)
Gain on sale of asset
                   
-
     
(500
)
   
(500
)
Interest expense, net
                 
-
     
398,758
     
398,758
 
                     
4,282,592
     
1,731,115
     
6,013,707 
 
Income (loss) before income taxes
                 
$
2,157,850
   
$
(1,731,115
)
 
$
426,735 
 
                                         
Segment Assets
 
$
7,743,372
   
$
755,620
   
$
8,498,992
   
$
4,007,417
   
$
12,506,409