XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 235,384 $ 1,052,139
Accounts receivable 2,040,420 3,009,249
Contract assets 9,220,084 8,350,231
Raw materials 1,173,280 874,538
Work-in-process 1,343,324 1,360,137
Other current assets 1,009,689 1,421,459
Total current assets 15,022,181 16,067,753
Property, plant and equipment, net 12,864,843 13,153,165
Right of use asset, net 6,054,676 6,383,615
Deferred income taxes 2,164,975 2,126,770
Other noncurrent assets, net 695,399 121,256
Total assets 36,802,074 37,852,559
Current liabilities:    
Accounts payable 3,699,475 3,426,921
Accrued expenses 2,476,655 3,435,866
Contract liabilities 1,806,405 1,765,319
Current portion of long-term lease liability 672,900 593,808
Current portion of long-term debt 3,030,238 4,093,079
Total current liabilities 11,685,673 13,314,993
Long-term debt, net 2,863,808 3,114,936
Long-term lease liability 5,501,816 5,853,791
Other noncurrent liability 1,298,274 305,071
Total liabilities 21,349,571 22,588,791
Commitments and contingencies
Stockholders' Equity:    
Common stock - par value $.0001 per share, 90,000,000 shares authorized, shares issued and outstanding : September 30, 2022 - 34,443,959; March 31, 2022 - 34,307,450 3,444 3,430
Additional paid in capital 14,936,713 14,637,771
Retained earnings 512,346 622,567
Total stockholders' equity 15,452,503 15,263,768
Total liabilities and stockholders' equity $ 36,802,074 $ 37,852,559