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REVENUE (Tables)
3 Months Ended
Jun. 30, 2020
Schedule of net sales on a disaggregated basis by market and contract type

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

 

 

 

 

 

 

 

 

 

 

 

Net Sales by market

    

Defense

    

Industrial

    

Totals

Three months ended June 30, 2020

 

$

3,203,590

 

$

78,935

 

$

3,282,525

Three months ended June 30, 2019

 

$

3,409,291

 

$

924,977

 

$

4,334,268

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales by contract type

    

Over-time

    

Point-in-time

    

Totals

Three months ended June 30, 2020

 

$

3,027,897

 

 

254,628

 

$

3,282,525

Three months ended June 30, 2019

 

$

3,052,938

 

 

1,281,330

 

$

4,334,268

 

Schedule of Contract Assets

At June 30, 2020 contract assets consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Progress

 

 

Contract assets

    

Unbilled

    

payments

    

Total

June 30, 2020

 

$

9,104,826

 

$

(3,907,363)

 

$

5,197,463

March 31, 2020

 

$

10,635,588

 

$

(6,130,967)

 

$

4,504,621

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

June 30, 2019

 

Customer

    

Amount

    

Percent

    

Amount

    

Percent

    

A

 

$

1,014,655

 

31

%  

$

*

 

*

%  

B

 

$

654,187

 

20

%  

$

*

 

*

%  

C

 

$

570,780

 

17

%  

$

1,050,577

 

24

%  

D

 

$

390,512

 

12

%  

$

*

 

*

%  

E

 

$

*

 

*

%

$

1,255,055

 

29

%

F

 

$

*

 

*

%

$

618,019

 

14

%

G

 

$

*

 

*

%  

$

549,192

 

13

%