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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 930,856 $ 2,036,646
Accounts receivable, net 990,300 1,010,443
Contract assets 4,504,621 4,390,832
Inventories 1,217,613 1,240,315
Other current assets 606,151 498,059
Total current assets 8,249,541 9,176,295
Property, plant and equipment, net 4,182,861 4,860,609
Deferred income taxes 2,115,480 2,004,346
Other noncurrent assets, net 32,600 6,233
Total assets 14,580,482 16,047,483
Current liabilities:    
Accounts payable 185,065 609,082
Accrued expenses 1,554,524 753,499
Contract liabilities 805,049 740,947
Current portion of long-term debt 109,829 822,105
Total current liabilities 2,654,467 2,925,633
Long-term debt, including finance lease 2,456,560 3,410,542
Commitments and contingent liabilities (see Note 14)
Stockholders' Equity:    
Common stock - par value $.0001 per share, 90,000,000 shares authorized, 29,354,594 and 29,234,594 shares issued and outstanding at March 31, 2020 and 2019 2,935 2,923
Additional paid in capital 8,793,062 8,693,106
Accumulated other comprehensive income 21,688 21,940
Retained earnings 651,770 993,339
Total stockholders' equity 9,469,455 9,711,308
Total liabilities and stockholders' equity $ 14,580,482 $ 16,047,483