XML 14 R2.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Current assets:    
Cash $ 431 $ 195
Accounts receivable, less allowances for credit losses of $0 and $53, on March 31, 2026 and 2025, respectively 2,488 2,192
Contract assets 10,808 9,587
Raw materials 1,927 1,800
Work-in-process 1,027 1,082
Other current assets 1,045 490
Total current assets 17,726 15,346
Property, plant and equipment, net 10,874 13,791
Right of use asset, net 3,550 4,268
Other noncurrent assets 122 122
Total assets 32,272 33,527
Current liabilities:    
Accounts payable 2,415 2,437
Accrued expenses 3,868 3,685
Income taxes payable 31  
Contract liabilities 2,917 1,040
Customer deposits 1,252 1,631
Current portion of long-term lease liability 800 770
Current portion of long-term debt, net 6,884 7,353
Total current liabilities 18,167 16,916
Long-term equipment financing   3
Long-term lease liability 2,864 3,638
Other noncurrent liability 3,568 4,230
Total liabilities 24,599 24,787
Commitments and contingent liabilities (see Note 15)
Stockholders' Equity:    
Common stock - par value $.0001 per share, 50,000,000 shares authorized: Shares issued and outstanding: March 31, 2026 - 10,078,381 and 10,024,469; March 31, 2025 - 9,761,825 and 9,751,825, respectively. 1 1
Additional paid in capital 19,482 18,885
Accumulated deficit (11,810) (10,146)
Total stockholders' equity 7,673 8,740
Total liabilities and stockholders' equity $ 32,272 $ 33,527