Note 8 - Segment Information (Tables)

3 Months Ended

Jun. 30, 2016

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, 2016 and 2015:

Three Months Ended  June 30, 2016	Avionics Government		Avionics Commercial		Avionics Total		Corporate Items			Total
Net sales	$	4,871,620	$	470,749	$	5,342,369	$	-		$	5,342,369
Cost of sales		3,104,918		360,798		3,465,716		-			3,465,716
Gross margin		1,766,702		109,951		1,876,653		-			1,876,653
Engineering, research, and development						584,877		-			584,877
Selling, general and administrative						343,882		567,862			911,744
Amortization of deferred financing costs						-		1,356			1,356
Change in fair value of common stock warrants						-		(217,203	)		(217,203	)
Interest expense, net						-		17,826			17,826
Total expenses						928,759		369,841			1,298,600
Income (loss) before income taxes					$	947,894	$	(369,841	)	$	578,053

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