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Segment Information (Tables)
3 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block] The tables below present information about reportable segments within the avionics business for the three months ended June 30, 2023, and 2022:

Three Months Ended

June 30, 2023

 

Avionics

Government

   

Avionics

Commercial

   

Avionics

Total

   

Corporate

Items

   

Total

 

Net sales

  $ 1,977,812     $ 889,117     $ 2,866,929     $ -     $ 2,866,929  

Cost of sales

    986,038       586,342       1,572,380       -       1,572,380  

Gross margin

    991,774       302,775       1,294,549       -       1,294,549  
                                         

Total expenses

                    479,347       439,363       918,710  

Income (loss) before income taxes

                  $ 815,202     $ (439,363

)

  $ 375,839  

Three Months Ended

June 30, 2022

 

Avionics

Government

   

Avionics

Commercial

   

Avionics

Total

   

Corporate

Items

   

Total

 

Net sales

  $ 1,604,150     $ 649,607     $ 2,253,757     $ -     $ 2,253,757  

Cost of sales

    962,236       456,336       1,418,572       -       1,418,572  

Gross margin

    641,914       193,271       835,185       -       835,185  
                                         

Total expenses

                    694,954       435,016       1,129,970  

Income (loss) before income taxes

                  $ 140,231     $ (435,016

)

  $ (294,785

)