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SELECTED QUARTERLY INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Mar. 31, 2013
SELECTED QUARTERLY INFORMATION (UNAUDITED)  
Schedule of certain unaudited quarterly data for each of the four quarters in the year

 

(in thousands, except for per share data)

 

First
Quarter

 

Second
Quarter

 

Third Quarter

 

Fourth
Quarter

 

Year ended March 31, 2013

 

 

 

 

 

 

 

 

 

Net sales

 

$

7,145

 

$

8,079

 

$

7,294

 

$

9,955

 

Gross profit

 

$

1,105

 

$

1,938

 

$

1,884

 

$

1,631

 

Net Loss

 

$

(706

)

$

(45

)

$

(545

)

$

(1,115

)

Basic Loss per share

 

$

(0.04

)

$

(0.00

)

$

(0.03

)

$

(0.06

)

Diluted Loss per share

 

$

(0.04

)

$

(0.00

)

$

(0.03

)

$

(0.06

)

Year ended March 31, 2012

 

 

 

 

 

 

 

 

 

Net sales

 

$

9,176

 

$

7,147

 

$

10,864

 

$

6,079

 

Gross profit

 

$

2,426

 

$

1,915

 

$

740

(a)

$

2

(b)

Net income (loss)

 

$

381

 

$

(88

)

$

(1,148

)

$

(1,268

)

Basic income (loss) per share

 

$

0.02

 

$

(0.01

)

$

(0.07

)

$

(0.07

)

Diluted income (loss) per share

 

$

0.01

 

$

(0.01

)

$

(0.07

)

$

(0.07

)

 

(a)(b) Net Loss for Fiscal 2012 in the third and fourth quarters included contract losses of $518,792 and $1,558,421, respectively. These contract losses increased cost of goods sold and lowered gross profit for the periods.