Note 8 - Segment Information (Tables)

6 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The table below presents information about reportable segments within the avionics business for the three and six month periods ending September 30, 2013 and 2012:

Three Months Ended  September 30, 2013	Avionics  Government		Avionics  Commercial		Avionics  Total		Corporate  Items		Total
Net sales		3,453,919		580,662		4,034,581		-		4,034,581
Cost of Sales		2,419,505		339,327		2,758,832		-		2,758,832
Gross Margin		1,034,414		241,335		1,275,749		-		1,275,749
Engineering, research, and development						448,572				448,572
Selling, general and administrative						293,632		377,778		671,410
Amortization of debt discount								25,600		25,600
Amortization of deferred financing costs								27,080		27,080
Change in fair value of common stock warrants								67,345		67,345
Interest expense, net								97,356		97,356
Total expenses						742,204		595,159		1,337,363
Income (loss) before income taxes						533,545		(595,159)		(61,614	)

Three Months Ended  September 30, 2012	Avionics Government		Avionics Commercial		Avionics Total			Corporate Items			Total
Net sales		1,847,545		547,405		2,394,950			-			2,394,950
Cost of Sales		1,296,733		495,794		1,792,527			-			1,792,527
Gross Margin		550,812		51,611		602,423			-			602,423
Engineering, research, and development						548,800						548,800
Selling, general, and administrative						310,147			376,199			686,346
Amortization of debt discount									31,009			31,009
Amortization of deferred financing costs									56,711			56,711
Financing costs									26,477			26,477
Change in fair value of common stock warrants									337			337
Interest (income) expense, net									131,019			131,019
Total expenses						858,947			621,752			1,480,699
Loss before income taxes						(256,524	)		(621,752	)		(878,276	)

Six Months Ended  September 30, 2013	Avionics  Government		Avionics  Commercial		Avionics  Total		Corporate  Items			Total
Net sales		6,256,761		977,795		7,234,556		-			7,234,556
Cost of Sales		4,081,751		690,898		4,772,649		-			4,772,649
Gross Margin		2,175,010		286,897		2,461,907		-			2,461,907
Engineering, research, and development						928,949					928,949
Selling, general and administrative						557,777		766,883			1,324,660
Amortization of debt discount								48,587			48,587
Amortization of deferred financing costs								54,160			54,160
Loss on extinguishment of debt								26,600			26,600
Change in fair value of common stock warrants								42,773			42,773
Interest expense, net								201,433			201,433
Total expenses						1,486,726		1,140,436			2,627,162
Income (loss) before income taxes						975,181		(1,140,436	)		(165,255	)

Six Months Ended  September 30, 2012	Avionics  Government		Avionics  Commercial		Avionics  Total			Corporate  Items			Total
Net sales		2,397,509		1,174,729		3,572,238			-			3,572,238
Cost of Sales		1,571,288		1,114,833		2,686,121			-			2,686,121
Gross Margin		826,221		59,896		886,117			-			886,117
Engineering, research, and development						1,127,404						1,127,404
Selling, general and administrative						627,137			713,097			1,340,234
Amortization of debt discount									44,401			44,401
Amortization of deferred financing costs									83,791			83,791
Financing costs									26,477			26,477
Change in fair value of common stock warrants									(249,057	)		(249,057	)
Interest expense, net									223,487			223,487
Total expenses						1,754,541			842,196			2,596,737
Income (loss) before income taxes						(868,424	)		(842,196	)		(1,710,620	)