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REVENUE (Tables)
6 Months Ended
Sep. 30, 2019
Schedule of Disaggregation of Revenue

The following table presents net sales on a disaggregated basis by market and contract type:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales by market

    

Defense

    

Energy

    

Industrial

    

Totals

Three months ended September 30, 2019

 

$

2,862,936

 

$

68,628

 

$

142,512

 

$

3,074,076

Three months ended September 30, 2018

 

$

3,336,930

 

$

139,267

 

$

144,988

 

$

3,621,185

Six months ended September 30, 2019

 

$

6,524,964

 

$

77,557

 

$

805,823

 

$

7,408,344

Six months ended September 30, 2018

 

$

7,310,910

 

$

235,804

 

$

173,294

 

$

7,720,008

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales by contract type

    

Over-time

    

Point-in-time

    

Totals

Three months ended September 30, 2019

 

$

2,612,089

 

$

461,987

 

$

3,074,076

Three months ended September 30, 2018

 

$

3,389,209

 

$

231,976

 

$

3,621,185

Six months ended September 30, 2019

 

$

5,665,028

 

$

1,743,316

 

$

7,408,344

Six months ended September 30, 2018

 

$

7,228,136

 

$

491,872

 

$

7,720,008

 

Schedule of Contract Assets

At September 30, 2019 contract assets consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: Progress

 

 

Contract assets

    

Unbilled

    

payments

    

Total

September 30, 2019

 

$

8,952,654

 

$

5,363,633

 

$

3,589,021

March 31, 2019

 

$

9,324,361

 

$

4,933,529

 

$

4,390,832

 

Sales [Member]  
Schedules of Concentration of Risk, by Risk Factor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Three months ended

 

Six months ended

 

Six months ended

 

 

 

September 30, 2019

 

September 30, 2018

 

September 30, 2019

 

September 30, 2018

 

Customer

    

Amount

    

Percent

    

Amount

    

Percent

    

Amount

    

Percent

    

Amount

    

Percent

 

A

 

$

663,855

 

22

%  

$

*

 

*

%  

$

1,386,249

 

19

%  

$

*

 

*

%

B

 

$

510,599

 

17

%  

$

585,873

 

16

%  

$

1,098,129

 

15

%  

$

1,601,021

 

21

%

C

 

$

*

 

*

%  

$

1,516,399

 

42

%  

$

1,097,563

 

15

%  

$

3,109,839

 

40

%

D

 

$

815,742

 

27

%  

$

619,094

 

17

%  

$

1,104,747

 

15

%  

$

993,048

 

13

%

E

 

$

305,114

 

10

%  

$

*

 

*

%  

$

923,133

 

12

%  

$

*

 

*

%  

F

 

$

336,935

 

11

%  

$

*

 

*

%  

$

*

 

*

%  

$

*

 

*

%