XML 37 R25.htm IDEA: XBRL DOCUMENT v3.19.2
REVENUE (Tables)
12 Months Ended
Mar. 31, 2019
Disaggregation of Revenue
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
 
 
Energy
 
 
Industrial
 
 
Totals
 
Year ended March 31, 2019
 
$
14,036,638
 
 
$
2,403,732
 
 
$
262,188
 
 
$
16,702,558
 
Year ended March 31, 2018
 
$
15,744,494
 
 
$
2,251,536
 
 
$
703,964
 
 
$
18,792,994
 
 
Net Sales by contract type
 
Over-time
 
 
Point-in-time
 
 
Totals
 
Year ended March 31, 2019
 
$
15,771,213
 
 
$
931,345
 
 
$
16,702,558
 
 
 
Contract assets
 
Unbilled
 
 
Progress
payments
 
 
Total
 
March 31, 2019
 
$
9,324,361
 
 
$
(4,933,529
)
 
$
4,390,832
 
Net Sales [Member]  
Schedules of Concentration of Risk, by Risk Factor
 
 
 
March 31, 2019
 
 
March 31, 2018
 
Customer
 
 
Amount
 
 
Percent
 
 
Amount
 
 
Percent
 
A
 
 
$
5,332,515
 
 
 
32
%
 
 
$
5,462,718
 
 
 
29
%
B
 
 
$
3,223,967
 
 
 
19
%
 
 
$
*
 
 
 
    *
%
C
 
 
$
3,196,625
 
 
 
19
%
 
 
$
4,978,432
 
 
 
27
%
 
*Less than 10% of total