Note 7 - Inventories

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Inventory Disclosure [Text Block]

7. Inventories

Inventories consisted of the following:

	September 30, 2016			March 31, 2016
Ground support service parts	$	2,282,627		$	1,566,694
Ground equipment manufacturing:
Raw materials		2,397,974			1,549,810
Work in process		1,002,710			408,213
Finished goods		7,723,641			4,328,812
Printing equipment and maintenance
Raw materials		3,219,663			3,319,939
Work in process		798,031			759,446
Finished goods		901,769			562,912
Commercial jet engines		2,003,484			-
Total inventories		20,329,899			12,495,826
Reserves		(2,662,498	)		(221,722	)
Total, net of reserves	$	17,667,401		$	12,274,104

During the quarter ended June 30, 2016, the Company recorded certain inventory reserves associated with Delphax. See additional information in Note 11.