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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]  
Schedule of Disaggregated Revenue by Geographical Location The Company’s disaggregated revenue by geographical location is as follows:
   For the Three Months Ended
September 30,
   For the Six Months Ended
September 30,
 
   2024   2023   2024   2023 
                 
Domestic  $6,946,469   $4,317,474   $13,724,709   $8,560,905 
International   394,655    493,514    721,392    929,928 
Total  $7,341,124   $4,810,988   $14,446,101   $9,490,833 
Schedule of Disaggregated Revenue by Industry as a Percentage of Total Revenue The Company’s disaggregated revenue by industry as a percentage of total revenue is provided below:
   For the Three Months Ended
September 30,
   For the Six Months Ended
September 30,
 
   2024   2023   2024   2023 
Industry  %   %   %   % 
Defense   67.5    64.5    68.2    62.6 
Commercial Aerospace   19.1    24.8    19.2    22.5 
Space   9.8    6.3    9.1    9.5 
Other   3.6    4.4    3.5    5.4 
    100.0    100.0    100.0    100.0 
Schedule of Basic and Diluted Net Income (Loss) Per Common Share Basic and diluted net income (loss) per common share is calculated as follows:
   For the Three Months Ended
September 30,
   For the Six Months Ended
September 30,
 
   2024   2023   2024   2023 
                 
Net income (loss)  $246,443   $(1,100,603)  $639,230   $(2,416,505)
                     
Net income (loss) per common share:                    
 Basic  $0.10   $(0.46)  $0.27   $(1.02)
 Diluted  $0.10   $(0.46)  $0.26   $(1.02)
                     
Weighted average number of common shares outstanding- basic   2,380,251    2,370,251    2,380,251    2,370,251 
Dilutive effect of options to the extent that such options are determined to be in the money for the period   58,346    
-
    40,462    
-
 
Weighted average number of common shares outstanding-fully diluted   2,438,597    2,370,251    2,420,713    2,370,251 
Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive.
   For the Three Months Ended
September 30,
   For the Six Months Ended
September 30,
 
   2024   2023   2024   2023 
Potentially dilutive options to purchase common shares   325,000    472,217    331,394    472,217 

 

Schedule of Determined the Fair Value of the Stock Option Grants The Company determined the fair value of the stock option grants based upon the assumptions as provided below.
   For the Six Months Ended September 30, 
   2024   2023 
Weighted Average Stock Price  $5.65   $6.55 
Expected life (in years)   5.0    5.0 
Expected volatility   50.3%   58.0%
Dividend yield   
-
%   
-
%
Weighted average risk-free interest rate, per annum   4.7%   3.8%