XML 47 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 10 - Segment Information (Details) - Schedule of Segment Reporting Information, by Segment - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Segment Reporting Information [Line Items]        
Net sales $ 1,787,165 $ 5,076,029 $ 5,329,242 $ 10,418,398
Cost of sales 1,387,295 3,250,441 3,688,082 6,716,157
Gross margin 399,870 1,825,588 1,641,160 3,702,241
Engineering, research, and development 529,667 583,771 1,144,940 1,168,648
Selling, general and administrative 626,395 687,013 1,332,681 1,460,042
Litigation costs 43,333 188,125 425,845 326,840
Legal damages 2,100,000 0 2,100,000 0
Amortization of deferred financing costs 1,357 1,357 2,714 2,713
Change in fair value of common stock warrants 5,000 (34,000) (90,000) (251,203)
Proceeds from life insurance 0 0 (92,678) 0
Interest expense, net 14,707 17,507 24,338 35,333
Total expenses 3,320,459 1,443,773 4,847,840 2,742,373
Income (loss) before income taxes (2,920,589) 381,815 (3,206,680) 959,868
Avionics Government [Member]        
Segment Reporting Information [Line Items]        
Net sales 1,028,693 4,338,764 4,001,019 9,210,384
Cost of sales 660,589 2,665,561 2,475,742 5,770,479
Gross margin 368,104 1,673,203 1,525,277 3,439,905
Avionics Commercial [Member]        
Segment Reporting Information [Line Items]        
Net sales 758,472 737,265 1,328,223 1,208,014
Cost of sales 726,706 584,880 1,212,340 945,678
Gross margin 31,766 152,385 115,883 262,336
Avionics Total [Member]        
Segment Reporting Information [Line Items]        
Net sales 1,787,165 5,076,029 5,329,242 10,418,398
Cost of sales 1,387,295 3,250,441 3,688,082 6,716,157
Gross margin 399,870 1,825,588 1,641,160 3,702,241
Engineering, research, and development 529,667 583,771 1,144,940 1,168,648
Selling, general and administrative 277,518 346,108 636,185 689,990
Amortization of deferred financing costs 0 0 0 0
Change in fair value of common stock warrants 0 0 0 0
Interest expense, net 0 0 0 0
Total expenses 807,185 929,879 1,781,125 1,858,638
Income (loss) before income taxes (407,315) 895,709 (139,965) 1,843,603
Corporate Segment [Member]        
Segment Reporting Information [Line Items]        
Net sales 0 0 0 0
Cost of sales 0 0 0 0
Gross margin 0 0 0 0
Engineering, research, and development 0 0 0 0
Selling, general and administrative 348,877 340,905 696,496 770,052
Litigation costs 43,333 188,125 425,845 326,840
Legal damages 2,100,000   2,100,000  
Amortization of deferred financing costs 1,357 1,357 2,714 2,713
Change in fair value of common stock warrants 5,000 (34,000) (90,000) (251,203)
Proceeds from life insurance 0   (92,678)  
Interest expense, net 14,707 17,507 24,338 35,333
Total expenses 2,513,274 513,894 3,066,715 883,735
Income (loss) before income taxes $ (2,513,274) $ (513,894) $ (3,066,715) $ (883,735)