Note 7 - Segment Information (Tables)

3 Months Ended

Jun. 30, 2015

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, 2015 and 2014:

Three Months Ended  June 30, 2015	Avionics  Government		Avionics  Commercial		Avionics  Total		Corporate  Items			Total
Net sales	$	5,261,319	$	584,600	$	5,845,919		-		$	5,845,919
Cost of sales		3,561,594		469,030		4,030,624		-			4,030,624
Gross margin		1,699,725		115,570		1,815,295		-			1,815,295
Engineering, research, and development						492,132		-			492,132
Selling, general and administrative						360,629		505,059			865,688
Amortization of deferred financing costs						-		1,357			1,357
Change in fair value of common stock warrants						-		(67,760	)		(67,760	)
Interest expense, net						-		29,634			29,634
Total expenses						852,761		468,290			1,321,051
Income (loss) before income taxes					$	962,534	$	(468,290	)	$	494,244

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 (income) 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	)