16. Segment Information (Tables)

12 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

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

The table below presents information about reportable segments for the years ended March 31:

2016	Avionics		Avionics		Avionics		Corporate/
	Government		Commercial		Total		Reconciling Items			Total
Net sales	$	23,011,016	$	1,793,809	$	24,804,825	$	-		$	24,804,825
Cost of Sales		15,446,232		1,373,003		16,819,235		-			16,819,235
Gross Margin		7,564,784		420,806		7,985,590		-			7,985,590
Engineering, research, and development						2,038,126		-			2,038,126
Selling, general, and administrative						1,218,327		2,149,217			3,367,544
Amortization of deferred financing costs						-		5,429			5,429
Change in fair value of common stock warrant						-		617,241			617,241
Interest expense, net						-		101,129			101,129
						3,256,453		2,873,016			6,129,469
Income (loss) before income taxes					$	4,729,137	$	(2,873,016	)	$	1,856,121
Segment Assets	$	5,644,551	$	488,842	$	6,133,393	$	3,974,726		$	10,108,119

2015	Avionics		Avionics		Avionics		Corporate/
	Government		Commercial		Total		Reconciling Items			Total
Net sales	$	15,926,532	$	2,269,440	$	18,195,972	$	-		$	18,195,972
Cost of Sales		10,927,710		1,827,570		12,755,280		-			12,755,280
Gross Margin		4,998,822		441,870		5,440,692		-			5,440,692
Engineering, research, and development						1,961,275		-			1,961,275
Selling, general, and administrative						1,203,628		1,945,403			3,149,031
Amortization of debt discount						-		75,308			75,308
Amortization of deferred financing costs						-		69,165			69,165
Change in fair value of common stock warrant						-		164,653			164,653
Loss on extinguishment of debt						-		188,102			188,102
Interest expense, net						-		192,970			192,970
						3,164,903		2,635,601			5,800,504
Income (loss) before income taxes					$	2,275,789	$	(2,635,601	)	$	(359,812	)
Segment Assets	$	4,480,332	$	1,176,913	$	5,657,245	$	4,226,242		$	9,883,487