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REVENUE (Tables)
12 Months Ended
Mar. 31, 2021
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

    

Industrial

    

Totals

Year ended March 31, 2021

 

$

12,650,708

 

$

2,944,850

 

$

15,595,558

Year ended March 31, 2020

 

$

13,367,764

 

$

2,639,524

 

$

16,007,288

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales by contract type

    

Over-time

    

Point-in-time

    

Totals

Year ended March 31, 2021

 

$

12,869,520

 

$

2,726,038

 

$

15,595,558

Year ended March 31, 2020

 

$

12,637,728

 

$

3,369,560

 

$

16,007,288

 

Schedule of Contract Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Progress

 

 

 

 

    

Unbilled

    

payments

    

Total

March 31, 2021

 

$

11,392,948

 

$

(5,860,540)

 

$

5,532,408

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

2020

 

Customer

    

Amount

    

Percent

    

Amount

    

Percent

 

Customer A

 

$

2,704,985

 

17

%  

$

3,558,477

 

22

%

Customer B

 

$

2,682,881

 

17

%  

$

*

 

*

%

Customer C

 

$

2,308,564

 

15

%  

$

2,758,957

 

17

%

Customer D

 

$

2,145,465

 

14

%  

$

2,063,409

 

13

%

Customer E

 

$

*

 

*

%

$

1,835,362

 

11

%

 

 

*Less than 10% of total