Segment Information (Tables)

9 Months Ended

Dec. 31, 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 and nine months ended December 31, 2023, and 2022:

Three Months Ended December 31, 2023	Avionics Government		Avionics Commercial		Avionics Total		Corporate Items			Total
Net sales	$	2,025,707	$	377,392	$	2,403,099	$	-		$	2,403,099
Cost of sales		1,099,256		335,725		1,434,981		-			1,434,981
Gross margin		926,451		41,667		968,118		-			968,118
Total expenses						469,649		274,296			743,945
Net income (loss) before income taxes					$	498,469	$	(274,296	)	$	224,173

Three Months Ended December 31, 2022	Avionics Government		Avionics Commercial		Avionics Total		Corporate Items			Total
Net sales	$	1,838,697	$	489,557	$	2,328,254	$	-		$	2,328,254
Cost of sales		1,041,984		392,563		1,434,547		-			1,434,547
Gross margin		796,713		96,994		893,707		-			893,707
Total expenses						571,421		(174,737	)		396,684
Net income before income taxes					$	322,286	$	174,737		$	497,023

Nine Months Ended December 31, 2023	Avionics Government		Avionics Commercial		Avionics Total		Corporate Items			Total
Net sales	$	5,111,945	$	1,723,178	$	6,835,123	$	-		$	6,835,123
Cost of sales		2,858,652		1,354,319		4,212,971		-			4,212,971
Gross margin		2,253,293		368,859		2,622,152		-			2,622,152
Total expenses						1,461,598		1,168,943			2,630,541
Income (loss) before income taxes					$	1,160,554	$	(1,168,943	)	$	(8,389	)

Nine Months Ended December 31, 2022	Avionics Government		Avionics Commercial		Avionics Total		Corporate Items			Total
Net sales	$	4,807,723	$	1,787,045	$	6,594,768	$	-		$	6,594,768
Cost of sales		2,971,200		1,341,205		4,312,405		-			4,312,405
Gross margin		1,836,523		445,840		2,282,363		-			2,282,363
Total expenses						2,042,165		642,257			2,684,422
Loss before income taxes					$	240,198	$	(642,257	)	$	(402,059	)