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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,130,711 $ 930,856
Accounts receivable 608,059 990,300
Contract assets 5,532,408 4,504,621
Raw materials 503,636 561,572
Work-in-process 767,520 656,041
Other current assets 379,437 606,151
Total current assets 9,921,771 8,249,541
Property, plant and equipment, net 4,063,209 4,182,861
Deferred income taxes 1,934,415 2,115,480
Other noncurrent assets, net 84,624 32,600
Total assets 16,004,019 14,580,482
Current liabilities:    
Accounts payable 500,848 185,065
Accrued expenses 1,526,270 1,554,524
Contract liabilities 218,152 805,049
Current portion of long-term debt 2,474,963 109,829
Total current liabilities 4,720,233 2,654,467
Long-term debt, including finance lease 1,341,938 2,456,560
Commitments and contingent liabilities (see Note 14)
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 March 31, 2021 and 2020 2,949 2,935
Additional paid in capital 8,944,660 8,793,062
Accumulated other comprehensive income 21,838 21,688
Retained earnings 972,401 651,770
Total stockholders' equity 9,941,848 9,469,455
Total liabilities and stockholders' equity $ 16,004,019 $ 14,580,482