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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Dec. 31, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,255,320 $ 930,856
Accounts receivable, net 1,173,376 990,300
Contract assets 5,314,653 4,504,621
Raw materials 503,636 561,572
Work-in-process 694,848 656,041
Other current assets 442,024 606,151
Total current assets 9,383,857 8,249,541
Property, plant and equipment, net 4,208,329 4,182,861
Deferred income taxes 2,016,816 2,115,480
Other noncurrent assets, net 16,086 32,600
Total assets 15,625,088 14,580,482
Current liabilities:    
Accounts payable 510,434 185,065
Accrued expenses 1,306,109 1,554,524
Contract liabilities 308,358 805,049
Current portion of long-term debt 3,088,553 109,829
Total current liabilities 5,213,454 2,654,467
Long-term debt 717,559 2,456,560
Commitments and contingent liabilities (Note 13)
Stockholders' Equity:    
Common stock - par value $.0001 per share, 90,000,000 shares authorized, 29,498,662 and 29,354,594 shares issued and outstanding, at December 31, 2020 and March 31, 2020 2,949 2,935
Additional paid in capital 8,911,160 8,793,062
Accumulated other comprehensive income 21,838 21,688
Retained earnings 758,128 651,770
Total stockholders' equity 9,694,075 9,469,455
Total liabilities and stockholders' equity $ 15,625,088 $ 14,580,482