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REVENUE (Tables)
6 Months Ended
Sep. 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 September 30, 2020

 

$

3,225,503

 

$

1,488,430

 

$

4,713,933

Three months ended September 30, 2019

 

$

2,862,936

 

$

211,140

 

$

3,074,076

Six months ended September 30, 2020

 

$

6,429,093

 

$

1,567,365

 

$

7,996,458

Six months ended September 30, 2019

 

$

6,524,964

 

$

883,380

 

$

7,408,344

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales by contract type

    

Over-time

    

Point-in-time

    

Totals

Three months ended September 30, 2020

 

$

3,081,971

 

$

1,631,962

 

$

4,713,933

Three months ended September 30, 2019

 

$

2,612,089

 

$

461,987

 

$

3,074,076

Six months ended September 30, 2020

 

$

6,109,868

 

$

1,886,590

 

$

7,996,458

Six months ended September 30, 2019

 

$

5,665,028

 

$

1,743,316

 

$

7,408,344

 

Schedule of Contract Assets

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Progress

 

 

Contract assets

    

Unbilled

    

payments

    

Total

September 30, 2020

 

$

10,130,846

 

$

(4,150,313)

 

$

5,980,533

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Three months ended

 

Six months ended

 

Six months ended

 

 

 

September 30, 2020

 

September 30, 2019

 

September 30, 2020

 

September 30, 2019

 

Customer

    

Amount

    

Percent

    

Amount

    

Percent

    

Amount

    

Percent

    

Amount

    

Percent

 

A

 

$

694,332

 

15

%  

$

663,855

 

22

%  

$

1,708,987

 

21

%  

$

1,386,249

 

19

%

B

 

$

686,486

 

15

%  

$

*

 

*

%  

$

1,340,673

 

17

%  

$

*

 

*

%

C

 

$

499,921

 

11

%  

$

815,742

 

27

%  

$

1,070,701

 

13

%  

$

1,104,747

 

15

%

D

 

$

558,160

 

12

%  

$

510,599

 

17

%  

$

948,672

 

12

%  

$

1,098,129

 

15

%

E

 

$

726,921

 

15

%

$

*

 

*

%

$

*

 

*

%  

$

*

 

*

%

F

 

$

575,315

 

12

%

$

*

 

*

%

$

*

 

*

%  

$

*

 

*

%

G

 

$

*

 

*

%  

$

336,935

 

11

%  

$

*

 

*

%  

$

*

 

*

%

H

 

$

*

 

*

%  

$

*

 

*

%

$

*

 

*

%  

$

1,097,563

 

15

%

I

 

$

459,441

 

10

%  

$

305,114

 

10

%  

$

*

 

*

%  

$

923,133

 

12

%