Note 7 - Segment Information (Tables)

3 Months Ended

Jun. 30, 2014

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 month periods ending June 30, 2014 and 2013:

Three Months Ended  June 30, 2014	Avionics  Government		Avionics  Commercial		Avionics  Total		Corporate  Items			Total
Net sales	$	2,520,723	$	608,353	$	3,129,076		-		$	3,129,076
Cost of sales		1,514,415		494,444		2,008,859		-			2,008,859
Gross margin		1,006,308		113,909		1,120,217		-			1,120,217
Engineering, research, and development						483,896		-			483,896
Selling, general and administrative						292,383		586,810			879,193
Amortization of debt discount						-		30,874			30,874
Amortization of deferred financing costs						-		27,080			27,080
Change in fair value of common stock warrants						-		133,881			133,881
Interest expense, net						-		62,480			62,480
Total expenses						776,279		841,125			1,617,404
Income (loss) before income taxes					$	343,938	$	(841,125	)	$	(497,187	)

Three Months Ended  June 30, 2013	Avionics Government		Avionics Commercial		Avionics Total		Corporate Items			Total
Net sales	$	2,802,842	$	397,133	$	3,199,975		-		$	3,199,975
Cost of sales		1,662,246		351,571		2,013,817		-			2,013,817
Gross margin		1,140,596		45,562		1,186,158		-			1,186,158
Engineering, research, and development						480,377					480,377
Selling, general, and administrative						264,145		389,105			653,250
Amortization of debt discount						-		22,987			22,987
Amortization of deferred financing costs						-		27,080			27,080
Loss on extinguishment of debt						-		26,600			26,600
Change in fair value of common stock warrants						-		(24,572	)		(24,572	)
Interest (income) expense, net						-		104,077			104,077
Total expenses						744,522		545,277			1,289,799
Income (loss) before income taxes					$	441,636	$	(545,277	)	$	(103,641	)