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Segment Information (Tables)
12 Months Ended
Mar. 31, 2022
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:

 

                           

Corporate/

         
   

Avionics

   

Avionics

   

Avionics

   

Reconciling

         

2022

 

Government

   

Commercial

   

Total

   

Items

   

Total

 

Net sales

  $ 10,363,831     $ 2,568,959     $ 12,932,790     $ -     $ 12,932,790  

Cost of sales

    5,447,287       1,720,163       7,167,450       -       7,167,450  
                                         

Gross margin

    4,916,544       848,796       5,765,340       -       5,765,340  
                                         

Engineering, research, and development

                    2,548,626       -       2,548,626  

Selling, general, and administrative

                    770,178       1,480,398       2,250,576  

Litigation expenses

                    -       29,479       29,479  

Forgiveness of PPP loan

                    -       (722,577

)

    (722,577

)

Other income, net

                    -       (30,254

)

    (30,254

)

Interest income

                    -       (3,951

)

    (3,951

)

Interest expense - judgment

                    -       208,250       208,250  
                      3,318,804       961,345       4,280,149  

Income (loss) before income taxes

                  $ 2,446,536     $ (961,345

)

  $ 1,485,191  
                                         

Segment Assets

  $ 3,273,819     $ 595,718     $ 3,869,537     $ 11,575,735     $ 15,445,272  

 

                           

Corporate/

         
   

Avionics

   

Avionics

   

Avionics

   

Reconciling

         

2021

 

Government

   

Commercial

   

Total

   

Items

   

Total

 

Net sales

  $ 9,858,537     $ 1,723,983     $ 11,582,520     $ -     $ 11,582,520  

Cost of sales

    5,474,587       1,325,434       6,800,021       -       6,800,021  
                                         

Gross margin

    4,383,950       398,549       4,782,499       -       4,782,499  
                                         

Engineering, research, and development

                    2,295,901       -       2,295,901  

Selling, general, and administrative

                    767,579       1,397,611       2,165,190  

Litigation expenses

                    -       248,004       248,004  

Forgiveness of PPP loan

                    -       (722,577

)

    (722,577

)

Other income

                    -       (30,819

)

    (30,819

)

Interest income

                    -       (7,483

)

    (7,483

)

Interest expense - judgment

                    -       231,474       231,474  

Interest expense - other

                    -       29,779       29,779  
                      3,063,480       1,145,989       4,209,469  

Income (loss) before income taxes

                  $ 1,719,019     $ (1,145,989

)

  $ 573,030  
                                         

Segment Assets

  $ 4,920,076     $ 451,234     $ 5,371,310     $ 10,593,116     $ 15,964,426