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REVENUE (Tables)
12 Months Ended
Mar. 31, 2020
Schedule of net sales on a disaggregated basis by market and contract type

The Company’s contract portfolio is comprised of fixed-price contracts and provide for product type sales only. The following table presents net sales on a disaggregated basis by market and contract type:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales by market

    

Defense

    

Energy

    

Industrial

    

Totals

Year ended March 31, 2020

 

$

13,367,764

 

$

595,076

 

$

2,044,448

 

$

16,007,288

Year ended March 31, 2019

 

$

14,036,638

 

$

2,403,732

 

$

262,188

 

$

16,702,558

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales by contract type

    

Over-time

    

Point-in-time

    

Totals

Year ended March 31, 2020

 

$

12,637,728

 

$

3,369,560

 

$

16,007,288

Year ended March 31, 2019

 

$

15,771,213

 

$

931,345

 

$

16,702,558

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Progress

 

 

 

 

    

Unbilled

    

payments

    

Total

March 31, 2020

 

$

10,635,588

 

$

(6,130,967)

 

$

4,504,621

March  31, 2019

 

$

9,324,361

 

$

(4,933,529)

 

$

4,390,832

 

Sales [Member]  
Schedule of revenues from customers who accounted for more than 10% of our net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

2019

 

Customer

    

Amount

    

Percent

    

    

Amount

    

Percent

 

Customer A

 

$

3,558,477

 

22

%  

 

$

3,196,625

 

19

%

Customer B

 

$

2,758,957

 

17

%  

 

$

*

 

*

%

Customer C

 

$

2,063,409

 

13

%  

 

$

3,223,967

 

19

%

Customer D

 

$

*

 

*

%  

 

$

5,332,515

 

32

%

Customer E

 

$

1,835,362

 

11

%

 

$

*

 

*

%

 

 

*Less than 10% of total