16. Segment Information (Tables)

12 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

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

The tables below present information about reportable segments for the years ended March 31:

	Avionics		Avionics		Avionics		Corporate/
2017	Government		Commercial		Total		Reconciling Items			Total
Net sales	$	16,531,913	$	2,213,543	$	18,745,456	$	-		$	18,745,456
Cost of Sales		10,363,318		1,698,023		12,061,341		-			12,061,341
Gross Margin		6,168,595		515,520		6,684,115		-			6,684,115
Engineering, research, and development						2,430,322		-			2,430,322
Selling, general, and administrative						1,260,388		1,320,697			2,581,085
Litigation expenses								1,244,639			1,244,639
Legal damages								2,800,000			2,800,000
Amortization of deferred financing costs						-		5,429			5,429
Change in fair value of common stock warrant						-		(321,203	)		(321,203	)
Interest expense, net						-		59,167			59,167
						3,690,710		5,108,729			8,799,439
Income (loss) before income taxes					$	2,993,405	$	(5,108,729	)	$	(2,115,324	)
Segment Assets	$	4,264,168	$	1,500,393	$	5,764,561	$	671,387		$	6,435,948

	Avionics		Avionics		Avionics		Corporate/
2016	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		1,700,838			2,919,165
Litigation expenses								448,379			448,379
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