10-K/A

FORM 10-K/A

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the fiscal year ended March 31, 2019

[_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from                         to                       

COMMISSION FILE NUMBER 0-17629

ADM TRONICS UNLIMITED, INC.

(Name of registrant as specified in its charter)

Delaware	22-1896032
(State or other jurisdiction of	(I.R.S. Employer Identification No.)
incorporation or organization)

224 Pegasus Avenue, Northvale, New Jersey 07647

(Address of Principal Executive Offices)     (Zip Code)

Registrant’s telephone number (201) 767-6040

SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: None

SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

COMMON STOCK, $.0005 PAR VALUE

(Title of Class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes [  ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes [  ] No [X]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [  ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [X] No [  ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Yes [  ] No [X]

The aggregate market value of voting stock held by non-affiliates of the registrant as of September 30, 2017, the last business day of the registrant’s most recently completed second fiscal quarter was $10,678,894.

The number of shares of the Common Stock outstanding as of July 16, 2018 was 67,588,492. 

DOCUMENTS INCORPORATED BY REFERENCE

Not applicable.  

EXPLANATORY NOTE

This Amendment No. 1 on Form 10-K/A ("Amendment No. 1") is being filed to amend our Annual Report on Form 10-K for the fiscal year ended March 31, 2019 ("Original Form 10-K"), filed with the U.S. Securities and Exchange Commission on July 15, 2019 ("Original Filing Date"). The purpose of this Amendment No. 1 is to file the updated XBRL Exhibit that was not ready for filing when the original 10-K was filed.

As required by the rules of the SEC, this Amendment No. 1 sets forth an amended "Item 15. Exhibits and Financial Statement Schedules" in its entirety.

Except as described above, this Amendment No. 1 does not modify or update in any way the financial position, results of operations, cash flows or other disclosures in, or exhibits to, the Original Form 10-K, nor does it reflect events occurring after the filing of the Original Form 10-K. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Form 10-K.

PART III, ITEM 15. EXHIBITS

Exhibit
No.	Description
3.1	Certificate of Incorporation and amendments thereto filed on August 9, 1976 and May 15, 1978 is incorporated by reference to Exhibit 3(a) to the Company's Registration Statement Form 10 (File No. 0-17629) (the "Form 10").
3.2	Certificate of Amendment to Certificate of Incorporation filed December 9, 1996 is incorporated by reference to Exhibit 3(a) to the Company's Annual Report on Form 10-KSB for the fiscal year ended March 31, 1997.
3.3	By-Laws are incorporated by reference to Exhibit 3(b) to the Form 10.
10.1	Memorandum of Lease by and between the Company and Cresskill Industrial Park III dated as of August 26, 1993 is hereby incorporated by reference to Exhibit 10(a) to the Company's Annual Report on Form 10-KSB for the fiscal year March 31, 1994.
10.5	Agreement of January 17, 2003 by and between the Company and Fifth Avenue Venture Capital Partners is hereby incorporated by reference to Exhibit 10.5 to the Company's Annual Report on Form 10-KSB for the fiscal year ended March 31, 2003.
10.6	Amended and Restated Manufacturing Agreement, dated February 10, 2005, among the Company, Ivivi Technologies, Inc. and Sonotron Medical Systems, Inc. is incorporated by reference to the Company's Annual Report on Form 10-KSB for the fiscal year ended March 31, 2005.
10.7	Management Services Agreement, dated August 15, 2001, among the Company, Ivivi Technologies, Inc., Sonotron Medical Systems, Inc. and Pegasus Laboratories, Inc., as amended is incorporated by reference to the Company's Annual Report on Form 10-KSB form the fiscal year ended March 31, 2005.
10.8*	Master Services Agreement dated February 12, 2010 by and between ADM Tronics Unlimited Inc. and Ivivi Health Sciences LLC.

* Filed as an exhibit to the Company's annual report on Form 10K, as filed with the SEC on June 29, 2010, and incorporated herein by this reference. 

14.1	Code of Ethics is incorporated by reference to the Company's Annual Report on Form 10-KSB for the fiscal year ended March 31, 2005.
21.1	Subsidiaries of the Company.
31.1	Certification of the Chief Executive Officer and Chief Financial Officer of the Company pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of the Chief Executive Officer and Chief Financial Officer of the Company pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS**	XBRL Instance
101.SCH**	XBRL Taxonomy Extension Schema
101.CAL**	XBRL Taxonomy Extension Calculation
101.DEF**	XBRL Taxonomy Extension Definition
101.LAB**	XBRL Taxonomy Extension Labels
101.PRE**	XBRL Taxonomy Extension Presentation

** XBRL information is furnished and not filed or a part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

  SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized this 31st day of July, 2019.

	ADM TRONICS UNLIMITED, INC.
By:	/s/ Andre' DiMino
	Andre' Di Mino
	Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.  

		Title	Date
/s/	Andre' DiMino	Chief Executive Officer (Principal	July 31, 2019
	Andre' DiMino	Executive Officer, Principal
		Financial Officer and Principal
		Accounting Officer) and Director

EX-31.1

EXHIBIT 31.1

CERTIFICATION
PURSUANT TO SECTION 302 OF THE SARBANES - OXLEY ACT OF 2002 AND

SECURITIES AND EXCHANGE COMMISSION RELEASE 34-46427

I, Andre' DiMino, certify that:

1. I have reviewed this quarterly report on Form 10-K/A of ADM Tronics Unlimited, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am the registrant's only certifying officer and am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: July 31, 2019	/s/ Andre' DiMino
	Andre' DiMino
	Chief Executive Officer and Chief Financial Officer

A signed original of this written statement required by Section 302 has been provided to ADM Tronics Unlimited, Inc. and will be retained by ADM Tronics Unlimited, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual Report of ADM Tronics Unlimited, Inc. (the "Company") on Form 10-K/A for the twelve months ended March 31, 2019, (the "Report"), filed with the Securities and Exchange Commission, Andre' DiMino, Chief Executive Officer and Chief Financial Officer, of the Company hereby certifies pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition of the Company as of the dates presented and the result of operations of the Company for the periods presented. 

Date: July 31, 2019	/s/ Andre' DiMino
	Chief Executive Officer and
	Chief Financial Officer

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code) and is not being filed as part of the Form 10-K or as a separate disclosure document.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to ADM Tronics Unlimited, Inc. and will be retained by ADM Tronics Unlimited, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document And Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2019	Jul. 15, 2019	Sep. 30, 2018
Document Information [Line Items]
Entity Registrant Name	ADM TRONICS UNLIMITED, INC.
Entity Central Index Key	0000849401
Trading Symbol	admt
Current Fiscal Year End Date	--03-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		67,588,492
Entity Public Float			$ 11,490,044
Entity Shell Company	false
Document Type	10-K/A
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	true
Amendment Description	This Amendment No. 1 on Form 10-K/A ("Amendment No. 1") is being filed to amend our Annual Report on Form 10-K for the fiscal year ended March 31, 2019 ("Original Form 10-K"), filed with the U.S. Securities and Exchange Commission on July 15, 2019 ("Original Filing Date"). The purpose of this Amendment No. 1 is to file the updated XBRL Exhibit that was not ready for filing when the original 10-K was filed. As required by the rules of the SEC, this Amendment No. 1 sets forth an amended "Item 15. Exhibits and Financial Statement Schedules" in its entirety. Except as described above, this Amendment No. 1 does not modify or update in any way the financial position, results of operations, cash flows or other disclosures in, or exhibits to, the Original Form 10-K, nor does it reflect events occurring after the filing of the Original Form 10-K. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Form 10-K.

XML

Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,555,687	$ 1,693,532
Accounts receivable, net of allowance for doubtful accounts of $160,000 and $125,000 in 2019 and 2018 respectively	916,844	877,403
Inventories	326,308	201,023
Prepaid expenses and other current assets	28,582	12,156
Total current assets	2,827,421	2,784,114
Property and equipment, net of accumulated depreciation of $108,099 and $70,440 in 2019 and 2018, respectively	95,461	133,120
Accounts receivable - related party	330,090	330,090
Inventories - long-term portion	85,457	111,051
Intangible assets, net of accumulated amortization of $12,035 and $10,639 in 2019 and 2018, respectively	8,899	10,295
Other assets	90,764	91,464
Deferred tax asset	1,107,000	1,092,000
Total other assets	1,717,671	1,768,020
Total assets	4,545,092	4,552,134
Current liabilities:
Capital lease payable	31,196	31,196
Line of credit	169,885
Accounts payable	275,591	286,964
Accrued expenses and other current liabilities	150,549	149,382
Customer deposits	321,441	122,167
Due to stockholder	139,322	130,551
Total current liabilities	1,087,984	720,260
Long-term liabilities
Capital lease payable, net of current portion	22,450	54,637
Total liabilities	1,110,434	774,897
Stockholders' equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0005 par value; 150,000,000 shares authorized, 67,588,492 shares issued and outstanding	33,794	33,794
Additional paid-in capital	33,294,069	33,294,069
Accumulated deficit	(29,893,205)	(29,550,626)
Total stockholders' equity	3,434,658	3,777,237
Total liabilities and stockholders' equity	$ 4,545,092	$ 4,552,134

XML

Consolidated Balance Sheets (Parentheticals) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Accounts receivable, allowance for doubtful accounts	$ 160,000	$ 125,000
Property and equipment, accumulated depreciation	108,099	70,440
Intangible assets, accumulated amortization	$ 12,035	$ 10,639
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0005	$ 0.0005
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	67,588,492	67,588,492
Common stock, outstanding (in shares)	67,588,492	67,588,492

XML

Consolidated Statements of Income - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net revenues	$ 3,018,954	$ 3,754,212
Cost of sales	1,454,700	1,865,908
Gross Profit	1,564,254	1,888,304
Operating expenses:
Research and development	673,855	527,659
Selling, general and administrative	1,243,011	1,404,604
Depreciation and amortization	22,108	22,229
Total operating expenses	1,938,974	1,954,492
(Loss) from operations	(374,720)	(66,188)
Other income (expense):
Interest income	26,948	17,632
Interest expense	(8,807)	(6,707)
Total other income (expense)	18,141	10,925
(Loss) before (provision for) benefit from income taxes	(356,579)	(55,263)
(Provision for) benefit from income taxes:
Current	(1,000)	(1,000)
Deferred	15,000	166,000
Total benefit (provision) for income taxes	14,000	165,000
Net income (loss)	$ (342,579)	$ 109,737
Basic and diluted income (loss) per common share: (in dollars per share)	$ (0.01)	$ 0
Weighted average shares of common stock outstanding - basic (in shares)	67,588,492	67,588,492
Weighted average shares of common stock outstanding - diluted (in shares)	67,588,492	67,588,492

XML

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Mar. 31, 2017	67,588,492
Balance at Mar. 31, 2017	$ 33,794	$ 33,294,069	$ (29,660,363)	$ 3,667,500
Net income (loss)			109,737	109,737
Balance (in shares) at Mar. 31, 2018	67,588,492
Balance at Mar. 31, 2018	$ 33,794	33,294,069	(29,550,626)	3,777,237
Net income (loss)			(342,579)	(342,579)
Balance (in shares) at Mar. 31, 2019	67,588,492
Balance at Mar. 31, 2019	$ 33,794	$ 33,294,069	$ (29,893,205)	$ 3,434,658

XML

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income (loss)	$ (342,579)	$ 109,737
Adjustments to reconcile net income (loss) to net cash (used in) operating activities:
Depreciation and amortization	39,055	39,273
Write-off of inventories	131,089	312,830
Bad debt	35,000	100,000
Deferred taxes	(15,000)	(166,000)
(Increase) decrease in operating assets:
Accounts receivable	(74,441)	(114,784)
Accounts receivable - related party		(330,090)
Inventories	(230,780)	(198,497)
Prepaid expenses and other current assets	(15,726)	37,039
(Increase) decrease in operating liabilities:
Accounts payable	(11,373)	17,957
Customer deposits	199,274	(2,975)
Accrued expenses and other current liabilities	1,167	651
Due to stockholder	8,771	(65,011)
Net cash provided by (used in) operating activities	(275,543)	(259,870)
Cash flows from financing activities:
Proceeds from line of credit	386,000
Repayments of line of credit	(216,115)
Repayments of capital lease payable	(32,187)	(28,874)
Net cash provided by (used in) financing activities	137,698	(28,874)
Net (decrease) in cash and cash equivalents	(137,845)	(288,744)
Cash and cash equivalents - beginning of year	1,693,532	1,982,276
Cash and cash equivalents - end of year	1,555,687	1,693,532
Cash paid for:
Interest	8,807	6,707
Taxes

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Note 1 - Nature of Business

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

NOTE 

1

 – NATURE OF BUSINESS

ADM Tronics Unlimited, Inc. ("we", "us", "the Company" or "ADM"), was incorporated under the laws of the state of Delaware on 

November 24, 1969. 

We are a manufacturing and engineering concern whose principal lines of business are the design, manufacture and sale of electronics of our own products or on a contract manufacturing basis; the production and sale of chemical and antistatic products; and, research, development and engineering services.

Electronic equipment is manufactured in accordance with customer specifications on a contract basis. Our electronic device product line consists principally of proprietary devices used in diagnostics and therapeutics of humans and animals and electronic controllers for spas and hot tubs. These products are sold to customers located principally in the United States. We are registered with the FDA as a contract manufacturing facility and we manufacture medical devices for customers in accordance with their designs and specifications. Our chemical product line is principally comprised of water-based chemical products used in the food packaging and converting industries, and anti-static conductive paints, coatings and other products. These products are sold to customers located in the United States, Australia, Asia and Europe. We also provide research, development, regulatory and engineering services to customers. Our Sonotron Medical Systems, Inc. subsidiary (“Sonotron”) is involved in medical electronic therapeutic technology.

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Note 2 - Significant Accounting Policies

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Significant Accounting Policies [Text Block]

NOTE 

2

 - SIGNIFICANT ACCOUNTING POLICIES

PRINCIPLES OF CONSOLIDATION

The consolidated financial statements include the accounts of ADM Tronics Unlimited, Inc. and its wholly owned subsidiary Sonotron (the “Company”). All significant intercompany balances and transactions have been eliminated in consolidation.

USE OF ESTIMATES

These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and, accordingly, require management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. Significant estimates made by management include expected economic life and value of our deferred tax assets and related valuation allowance, write down of inventory, impairment of long lived assets, allowance for doubtful accounts, and warranty reserves. Actual amounts could differ from those estimates.

FAIR VALUE OF FINANCIAL INSTRUMENTS

For certain of our financial instruments, including accounts receivable, accounts payable, and accrued expenses, the carrying amounts approximate fair value due to their relatively short maturities.

CASH AND CASH EQUIVALENTS

Cash equivalents are comprised of certain highly liquid investments with original maturities of 

three

 months or less when purchased. We maintain our cash in bank deposit accounts, which at times, 

may 

exceed federally insured limits. We have 

not

 experienced any losses to date as a result of this policy. Cash and cash equivalents held in these accounts are currently insured by the Federal Deposit Insurance Corporation (“FDIC”) up to a maximum of 

$250,000

 per institution. At 

March 31, 2019, 

approximately 

$1,390,000

exceeded the FDIC limit. 

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS

Accounts receivable are stated at the amount management expects to collect from outstanding balances. The carrying amounts of accounts receivable is reduced by a valuation allowance that reflects management's best estimate of the amounts that will 

not

 be collected. Management individually reviews all accounts receivable balances that exceed the due date and estimates the portion, if any, of the balance that will 

not

 be collected. Management provides for probable uncollectible amounts through a charge to expenses and a credit to a valuation allowance, based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. Allowance for doubtful accounts was increased for the fiscal year ended 

March 31, 2019 

to 

$160,000,

 up from 

$125,000

 at

March 31, 2018.

REVENUE RECOGNITION

ELECTRONICS:

We recognize revenue from the sale of our electronic products when they are shipped to the purchaser. We offer a limited 

90

-day warranty on our electronics products and contract manufacturing and a limited 

5

-year warranty on our electronic controllers for spas and hot tubs. Historically, the amount of warranty revenue included in sales of our electronic products have been de minimus. We have 

no

 other post shipment obligations. Based on prior experience, 

no

 amounts have been accrued for potential warranty costs and actual costs were less than 

$2,000,

 for each of the fiscal years ended 

March 31, 2019 

and 

2018.

 For contract manufacturing, revenues are recognized after shipment of the completed products.

CHEMICAL PRODUCTS:

Revenues are recognized when products are shipped to end users. Shipments to distributors are recognized as revenue when 

no

 right of return exists.

ENGINEERING SERVICES

We provide certain engineering services, including research, development, quality control and quality assurance services along with regulatory compliance services. We recognize revenue from engineering services on a monthly basis over time as the applicable performance obligations are satisfied.

All revenue is recognized net of discounts.

WARRANTY LIABILITIES

The Company’s provision for estimated future warranty costs is based upon historical relationship of warranty claims to sales. Based upon historical experience, the Company has concluded that 

no

 warranty liability is required as of the consolidated balance sheet dates. However, the Company periodically reviews the adequacy of its product warranties and will record an accrued warranty reserve if necessary.

INVENTORIES

Inventories are stated at the lower of cost (

first

-in, 

first

-out method) and net realizable value. Inventories that are expected to be sold within 

one

 operating cycle (

1

 year) are classified as a current asset. Inventories that are 

not

 expected to be sold within 

1

 year, based on historical trends, are classified as Inventories - long term portion. Obsolete inventory is written off annually based on prior and expected future usage.

PROPERTY AND EQUIPMENT

We record our property and equipment at historical cost. We expense maintenance and repairs as incurred. Depreciation is provided for by the straight-line method over 

five

 to 

seven

 years, the estimated useful lives of the property and equipment.

INTANGIBLE ASSETS

Intangible assets are reviewed for impairment whenever changes in circumstances indicate that the carrying amount 

may 

not

 be recoverable. In reviewing for impairment, the Company compares the carrying value of the relevant asset to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition. When the estimated undiscounted future cash flows are less than their carrying amount, an impairment loss is recognized equal to the difference between the assets’ fair value and its carrying value. 

ADVERTISING COSTS 

Advertising costs are expensed as incurred and amounted to 

$59,877

 and 

$62,297

 for the fiscal years ended 

March 31, 2019 

and 

2018,

 respectively.

SHIPPING AND HANDLING COSTS 

Shipping and handling costs incurred for the years ended 

March 31, 2019 

and 

2018

 were approximately

$3,754

and

$2,904,

 respectively. Such costs are included in selling, general, and administrative expenses in the accompanying consolidated statements of operations.

INCOME TAXES

We report the results of our operations as part of a consolidated Federal tax return with our subsidiary. Deferred income taxes result primarily from temporary differences between financial and tax reporting. Deferred tax assets and liabilities are determined based on the difference between the financial statement bases and tax bases of assets and liabilities using enacted tax rates. A valuation allowance is recorded to reduce a deferred tax asset to that portion that is expected to more likely than 

not

 be realized.

The Company has adopted the authoritative accounting guidance with respect to accounting for uncertainty in income taxes, which clarified the accounting and disclosures for uncertain tax positions related to income taxes recognized in the consolidated financial statements and addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than 

not

 sustain the position following an audit. For tax positions meeting the more-likely-than-

not

 threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 

50

 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.

The Company files income tax returns in several jurisdictions. The Company’s tax returns remain subject to examination, by major jurisdiction, for the years ended 

March 31, 

as follows:

Jurisdiction	Fiscal Year
Federal	2014 and beyond
New Jersey	2013 and beyond

There are currently 

no

 tax years under examination by any major tax jurisdictions.

The Company will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of 

March 31, 2019 

and 

2018,

 the Company has 

no

 accrued interest or penalties related to uncertain tax positions.

NET EARNINGS PER SHARE

We compute basic earnings per share by dividing net income/loss by the weighted average number of common shares outstanding. Diluted earnings per share is computed similar to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential shares had been issued and if the additional shares were dilutive. Common equivalent shares are excluded from the computation of net earnings per share if their effect is anti-dilutive.

Per share basic and diluted income (loss) amounted to $(

0.01

) and 

$0.00

 for the fiscal years ended 

March 31, 2019 

and 

2018,

 respectively.  

RECLASSIFICATION

Certain items in the prior financial statements have been reclassified to conform to the current year presentation.

RECENT ACCOUNTING PRONOUNCEMENTS

In 

February 2016, 

the FASB issued ASU 

2016

-

02,

 Leases (Topic

842

), which is intended to improve financial reporting for lease transactions. This ASU will require organizations that lease assets, such as real estate and manufacturing equipment, to recognize both assets and liabilities on their balance sheet for the rights to use those assets for the lease term and obligations to make the lease payments created by those leases that have terms of greater than 

12

 months. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as finance or operating lease. This ASU will also require disclosures to help investors and other financial statement users better understand the amount and timing of cash flows arising from leases. These disclosures will include qualitative and quantitative requirements, providing additional information about the amounts recorded in the financial statements. The Company has adopted this amendment in 

April 

of 

2019.

Under the new standard, the most significant change is the requirement of balance sheet recognition of right of use assets and lease liabilities by lessees for those leases classified as operating leases. We adopted the new accounting standard in accordance with ASU

2018

-

11,

which amended ASC

842

to provide transition relief by providing entities the ability to

not

recast their comparative periods in transition, therefore,

no

adjustments were made to our prior period financial statements. We have elected the package of practical expedients for transition which are permitted in the new standard. Accordingly, we did

not

reassess whether (i) any expired or existing contracts are or contain leases under the new standard, (ii) classification of leases as operating leases or capital leases would be different under the new standard, or (iii) any initial direct costs would have met the definition of initial direct costs under the new standard. Additionally, we did

not

elect to use hindsight in determining the lease term for existing leases as of

April 1, 2019.

We recorded noncurrent ROU assets of approximately

$967,000

and current and noncurrent operating lease liabilities of

$967,000

as of

April 1, 2019.

Effective

April 1, 2018

the Company adopted ASC Topic

606

“Revenue from Contracts with Customers”, using the modified retrospective method. This guidance supersedes nearly all existing revenue recognition guidance under US GAAP. The core principle of the guidance is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods and services. The Company has drafted its accounting policy for the new standard based on a detailed review of its business and contracts. Based on the new guidance, the Company will continue recognizing revenue at the time it's products are shipped, and therefore adoption of the standard did

not

have a material impact on its financial statements and is

not

expected to have a material impact in the future.

In 

June 2016, 

the FASB issued ASU-

2016

-

13

 “Financial Instruments – Credit Losses”. This guidance affects organizations that hold financial assets and net investments in leases that are 

not

 accounted for at fair value with changes in fair value reported in net income. The guidance requires organizations to measure all expected credit losses for financial instruments at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. It is effective for fiscal years beginning after 

December 15, 2019. 

The Company is evaluating the potential impact on the Company’s consolidated financial statements.

In 

February 2018, 

the FASB issued ASU 

2018

-

02,

 “Income Statement- Reporting Comprehensive Income (Topic 

220

): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” This guidance gives businesses the option of reclassifying to retained earnings the so-called “stranded tax effects” left in accumulated other comprehensive income due to the reduction in the corporate income tax rate resulting from the 

2017

 Tax Cuts and Jobs Act. This amendment is effective for all organizations for fiscal years beginning after

December 15, 2018 

and interim periods within those fiscal years. Early adoption is allowed. We do 

not

 believe that this ASU will have a material impact on our consolidated financial statements.

Management does 

not

 believe that any other recently issued, but 

not

 yet effective accounting pronouncement, if adopted, would have a material effect on the accompanying consolidated financial statements. 

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Note 3 - Inventories

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE 

3

 - INVENTORIES

Inventories at

March 31, 2019

consisted of the following:

	Current		Long Term		Total
Raw materials	$	273,039	$	84,721	$	357,760
Finished goods		53,269		736		54,005
Totals	$	326,308	$	85,457	$	411,765

Inventories at

March 31, 2018

consisted of the following:

	Current		Long Term		Total
Raw materials	$	168,640	$	110,433	$	279,073
Finished goods		32,383		618		33,001
Totals	$	201,023	$	111,051	$	312,074

XML

Note 4 - Property and Equipment

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 

4

 - PROPERTY AND EQUIPMENT 

Property and equipment as of 

March 31, 2019 

and 

2018

 is as follows:

	2019			2018
Machinery and equipment	$	199,810		$	199,810
Leasehold improvements		3,750			3,750
		203,560			203,560
Accumulated depreciation and amortization		(108,099	)		(70,440	)
Property and equipment, net	$	95,461		$	133,120

Depreciation and amortization expense related to property and equipment amounted to

$37,659

and 

$37,878

 for the years ended 

March 31, 2019 

and 

2018,

 respectively.     

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Note 5 - Intangible Assets

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

 

NOTE 

5

 - INTANGIBLE ASSETS

Intangible assets are being amortized using the straight line method over periods ranging from 

3

-

15

 years with a weighted average remaining life of approximately 

6

 years.

	March 31, 2019									March 31, 2018
	Cost		Weighted Average Amortization Period (Years)		Accumulated Amortization			Net Carrying Amount		Cost		Weighted Average Amortization Period (Years)		Accumulated Amortization			Net Carrying Amount
Patents & Trademarks	$	20,934		15		(12,035	)	$	8,899	$	20,934		15		(10,639	)	$	10,295

Amortization expense was 

$1,396

 for each of the years ended 

March 31, 2019 

and 

2018.

Estimated aggregate future amortization expense related to intangible assets is as follows:

For the fiscal years ended March 31,
2020	$	1,396
2021		1,396
2022		1,396
2023		1,396
2024		1,396
Thereafter		1,919
	$	8,899

XML

Note 6 - Investment and Related Party

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

NOTE

6

–

INVESTMENT AND RELATED PARTY

The Company has a

$75,000

investment for

23.2%

of Qol Devices Inc. (Qol), which is carried at cost and reported as a component of other assets in the accompanying consolidated balance sheets.

The Company has provided

$330,090

in engineering services to Qol during the year

March 31, 2018.

Qol owes the Company

$330,090

as of

March 31, 2019.

XML

Note 7 - Line of Credit

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE

7

–

LINE OF CREDIT

On

June 15, 2018,

the Company obtained an unsecured revolving line of credit, with a limit of

$400,000.

  The line expires

May 16, 2020,

renewing automatically every year.  The Company is required to make monthly interest payments, at a rate of

5.37%.

  Any unpaid principal will be due upon maturity.  At

March 31, 2019,

the outstanding balance was

$169,885.

XML

Note 8 - Capital Leases

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

NOTE

8

– CAPITAL LEASES    

During 

September 2016 

the Company leased equipment with a cost of approximately 

$129,000,

 under provisions of various long-term capital leases whereby the minimum lease payments have been capitalized. Accumulated depreciation at 

March 31, 2019 

is approximately 

$62,000.

 The leases expire over various years through 

2021.

 Depreciation of the leased assets is included in depreciation and amortization expense. The lease obligations are secured by the leased assets.

Future minimum lease payments under the above capital leases, as of 

March 31, 2019, 

are approximately as follows:

For the Years Ending March 31,
2020	$		35,000
2021			20,000
			55,000
Less: Amount attributable to imputed interest			2,000
Present value of minimum lease payments			53,000
Less: Current maturities			31,000
		$	22,000

XML

Note 9 - Concentrations

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE

9

– CONCENTRATIONS   

During the year ended

March 31, 2019,

two

customers accounted for

58%

of our net revenue. During the year ended 

March 31, 2018, 

three

 customers accounted for 

58%

 of our net revenues. As of

March 31, 2019,

three

customers accounted for

91%

of our accounts receivable. As of 

March 31, 2018, 

two

 customers accounted for 

75%

 of our accounts receivable. The loss of these major customers could have a material impact on our operations and cash flow.

The Company’s customer base is comprised of foreign and domestic entities with diverse demographics. Revenues from foreign customers represented

$364,418

of our net revenue or

12%

for the year ended

March 31, 2019.

Revenues from foreign customers represented 

$341,415

 of net revenues or 

8.8%

 for the year ended 

March 31, 2018. 

XML

Note 10 - Segment Information

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE

10

- SEGMENT INFORMATION

Information about segments is as follows: 

	Chemical			Electronic			Engineering		Total
Year ended March 31, 2019
Revenue from customers	$	1,318,814		$	730,634		$	969,506	$	3,018,954
Segment operating income (loss)	$	(81,849	)	$	(403,099	)	$	110,228	$	(374,720	)
Year ended March 31, 2018
Revenue from customers	$	1,391,522		$	1,056,384		$	1,306,306	$	3,754,212
Segment operating income (loss)	$	34,611		$	(303,388	)	$	202,589	$	(66,188	)
Total assets at March 31, 2019	$	1,985,501		$	1,099,983		$	1,459,608	$	4,545,092
Total assets at March 31, 2018	$	1,687,276		$	1,280,908		$	1,583,950	$	4,552,134

XML

Note 11 - Disaggregated Net Revenues and Segment Information

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

NOTE 

11

- DISAGGREGATED NET REVENUES AND SEGMENT INFORMATION

The following tables show the Company's net revenues disaggregated by reportable segment and by product and service type:

	Twelve Months Ended March 31,
	2019		2018
Net Revenue in the US
Chemical	$	954,396	$	1,075,107
Electronics		730,634		1,031,384
Engineering		969,506		1,306,306
	$	2,654,536	$	3,412,797
Net Revenue outside the US
Chemical		364,418		316,415
Electronics		-		25,000
Engineering		-		-
	$	364,418	$	341,415
Total Net Revenues	$	3,018,954	$	3,754,212

XML

Note 12 - Income Taxes

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE 

12

- INCOME TAXES

At 

March 31, 2019, 

the Company had federal and state net operating loss carry-forwards, (NOL’s) of approximately 

$2,200,000,

 which are due to expire through fiscal 

2034.

 These NOLs 

may 

be used to offset future taxable income through their respective expiration dates and thereby reduce or eliminate our federal and state income taxes otherwise payable. A valuation allowance is provided when it is more likely than 

not

 that some portion or all of the deferred tax assets will 

not

 be realized. Ultimate utilization of such NOL’s and credits is dependent upon the Company’s ability to generate taxable income in future periods and 

may 

be significantly curtailed if a significant change in ownership occurs.

Significant components of deferred tax assets are as follows as of

March 31, 2019

and

2018:

	2019		2018
Net operating loss carry-forward	$	637,000	$	554,000
Stock based compensation		-		196,000
Research & development tax credit carry-forward		429,000		495,000
Other		41,000		43,000
Valuation allowance		-		(196,000	)
Deferred tax asset, net	$	1,107,000	$	1,092,000

The benefit from (provision) for income taxes for the years ended at 

March 31, 2019 

and 

2018

 differs from that amount using the statutory federal income tax rate as follows:

	2019		2018
Statutory federal income tax rate		21%		31%
Change in valuation allowance		(17%)		263%
Effective income tax rate		4%		294%

XML

Note 13 - Commitments and Contingencies

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

NOTE 

1

3

- COMMITMENTS AND CONTINGENCIES

We lease our office and manufacturing facility under a non-cancelable operating lease, which expires on 

June 30, 2028. 

The Company’s future minimum lease commitment at 

March 31, 2019 

is as follows:

For the twelve-month period ended March 31,	Amount
2020	$	101,875
2021		101,875
2022		101,875
2023		101,875
2024		105,625
Thereafter		454,219
	$	967,344

Rent and real estate tax expense for all facilities for the years ended 

March 31, 2019 

and 

2018

 was approximately 

$132,000

and

$128,000,

 respectively.

XML

Note 14 - Stock Based Compensation

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

NOTE 

1

4

– STOCK BASED COMPENSATION

On 

September 2, 2015, 

ADM granted an additional 

3,000,000

 stock options to employees at an exercise price of 

$0.20

 per option and with a term of 

three

 years. The options were valued at 

$598,699

 using the Black Scholes option pricing model with the following assumptions: risk free interest rate of 

2.03%,

 volatility of 

353%,

 estimated useful life of 

3

 years and dividend rate of 

0%.

The following table summarizes information on all common share purchase options issued by us as of 

March 31, 2019 

and 

2018.

 

	2019				2018
	# of Shares		Weighted		# of Shares		Weighted
			Average				Average
			Exercise				Exercise
			Price				Price
Outstanding, beginning of year		3,000,000	$	0.20		3,000,000	$	0.20
Issued		-		-		-		-
Exercised		-		-		-		-
Expired		3,000,000		-		-		-
Outstanding, end of year		-	$	0.00		3,000,000	$	0.20
Exercisable, end of year		-	$	0.00		3,000,000	$	0.20

XML

Note 15 - Legal Proceedings

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Legal Matters and Contingencies [Text Block]

NOTE

1

5

– LEGAL PROCEEDINGS

During

September 2017,

a suit was filed by a vendor for

$33,000

claiming nonpayment for services regarding investor relations and marketing. The Company filed a countersuit for

$12,000

against the vendor due to lack of performance and other factors. This matter was settled on

January 9, 2019

for

$15,000.

XML

Note 16 - Subsequent Events

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE 

1

6

– SUBSEQUENT EVENTS

We evaluated all subsequent events from the date of the consolidated balance sheet through the issuance date of these consolidated financial statements and determined that there are 

no

 events or transactions occurring during the subsequent event reporting period which require recognition or disclosure in the consolidated financial statements. 

XML

Significant Accounting Policies (Policies)

12 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

PRINCIPLES OF CONSOLIDATION

The consolidated financial statements include the accounts of ADM Tronics Unlimited, Inc. and its wholly owned subsidiary Sonotron (the “Company”). All significant intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates, Policy [Policy Text Block]

USE OF ESTIMATES

These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and, accordingly, require management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. Significant estimates made by management include expected economic life and value of our deferred tax assets and related valuation allowance, write down of inventory, impairment of long lived assets, allowance for doubtful accounts, and warranty reserves. Actual amounts could differ from those estimates.

Fair Value of Financial Instruments, Policy [Policy Text Block]

FAIR VALUE OF FINANCIAL INSTRUMENTS

For certain of our financial instruments, including accounts receivable, accounts payable, and accrued expenses, the carrying amounts approximate fair value due to their relatively short maturities.

Cash and Cash Equivalents, Policy [Policy Text Block]

CASH AND CASH EQUIVALENTS

Cash equivalents are comprised of certain highly liquid investments with original maturities of 

three

 months or less when purchased. We maintain our cash in bank deposit accounts, which at times, 

may 

exceed federally insured limits. We have 

not

 experienced any losses to date as a result of this policy. Cash and cash equivalents held in these accounts are currently insured by the Federal Deposit Insurance Corporation (“FDIC”) up to a maximum of 

$250,000

 per institution. At 

March 31, 2019, 

approximately 

$1,390,000

exceeded the FDIC limit. 

Receivable [Policy Text Block]

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS

Accounts receivable are stated at the amount management expects to collect from outstanding balances. The carrying amounts of accounts receivable is reduced by a valuation allowance that reflects management's best estimate of the amounts that will 

not

 be collected. Management individually reviews all accounts receivable balances that exceed the due date and estimates the portion, if any, of the balance that will 

not

 be collected. Management provides for probable uncollectible amounts through a charge to expenses and a credit to a valuation allowance, based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. Allowance for doubtful accounts was increased for the fiscal year ended 

March 31, 2019 

to 

$160,000,

 up from 

$125,000

 at

March 31, 2018.

Revenue [Policy Text Block]

REVENUE RECOGNITION

ELECTRONICS:

We recognize revenue from the sale of our electronic products when they are shipped to the purchaser. We offer a limited 

90

-day warranty on our electronics products and contract manufacturing and a limited 

5

-year warranty on our electronic controllers for spas and hot tubs. Historically, the amount of warranty revenue included in sales of our electronic products have been de minimus. We have 

no

 other post shipment obligations. Based on prior experience, 

no

 amounts have been accrued for potential warranty costs and actual costs were less than 

$2,000,

 for each of the fiscal years ended 

March 31, 2019 

and 

2018.

 For contract manufacturing, revenues are recognized after shipment of the completed products.

CHEMICAL PRODUCTS:

Revenues are recognized when products are shipped to end users. Shipments to distributors are recognized as revenue when 

no

 right of return exists.

ENGINEERING SERVICES

We provide certain engineering services, including research, development, quality control and quality assurance services along with regulatory compliance services. We recognize revenue from engineering services on a monthly basis over time as the applicable performance obligations are satisfied.

All revenue is recognized net of discounts.

Guarantees, Indemnifications and Warranties Policies [Policy Text Block]

WARRANTY LIABILITIES

The Company’s provision for estimated future warranty costs is based upon historical relationship of warranty claims to sales. Based upon historical experience, the Company has concluded that 

no

 warranty liability is required as of the consolidated balance sheet dates. However, the Company periodically reviews the adequacy of its product warranties and will record an accrued warranty reserve if necessary.

Inventory, Policy [Policy Text Block]

INVENTORIES

Inventories are stated at the lower of cost (

first

-in, 

first

-out method) and net realizable value. Inventories that are expected to be sold within 

one

 operating cycle (

1

 year) are classified as a current asset. Inventories that are 

not

 expected to be sold within 

1

 year, based on historical trends, are classified as Inventories - long term portion. Obsolete inventory is written off annually based on prior and expected future usage.

Property, Plant and Equipment, Policy [Policy Text Block]

PROPERTY AND EQUIPMENT

We record our property and equipment at historical cost. We expense maintenance and repairs as incurred. Depreciation is provided for by the straight-line method over 

five

 to 

seven

 years, the estimated useful lives of the property and equipment.

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

INTANGIBLE ASSETS

Intangible assets are reviewed for impairment whenever changes in circumstances indicate that the carrying amount 

may 

not

 be recoverable. In reviewing for impairment, the Company compares the carrying value of the relevant asset to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition. When the estimated undiscounted future cash flows are less than their carrying amount, an impairment loss is recognized equal to the difference between the assets’ fair value and its carrying value. 

Advertising Cost [Policy Text Block]

ADVERTISING COSTS 

Advertising costs are expensed as incurred and amounted to 

$59,877

 and 

$62,297

 for the fiscal years ended 

March 31, 2019 

and 

2018,

 respectively.

Shipping And Handling Costs [Policy Text Block]

SHIPPING AND HANDLING COSTS 

Shipping and handling costs incurred for the years ended 

March 31, 2019 

and 

2018

 were approximately

$3,754

and

$2,904,

 respectively. Such costs are included in selling, general, and administrative expenses in the accompanying consolidated statements of operations.

Income Tax, Policy [Policy Text Block]

INCOME TAXES

We report the results of our operations as part of a consolidated Federal tax return with our subsidiary. Deferred income taxes result primarily from temporary differences between financial and tax reporting. Deferred tax assets and liabilities are determined based on the difference between the financial statement bases and tax bases of assets and liabilities using enacted tax rates. A valuation allowance is recorded to reduce a deferred tax asset to that portion that is expected to more likely than 

not

 be realized.

The Company has adopted the authoritative accounting guidance with respect to accounting for uncertainty in income taxes, which clarified the accounting and disclosures for uncertain tax positions related to income taxes recognized in the consolidated financial statements and addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than 

not

 sustain the position following an audit. For tax positions meeting the more-likely-than-

not

 threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 

50

 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.

The Company files income tax returns in several jurisdictions. The Company’s tax returns remain subject to examination, by major jurisdiction, for the years ended 

March 31, 

as follows:

Jurisdiction	Fiscal Year
Federal	2014 and beyond
New Jersey	2013 and beyond

There are currently 

no

 tax years under examination by any major tax jurisdictions.

The Company will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of 

March 31, 2019 

and 

2018,

 the Company has 

no

 accrued interest or penalties related to uncertain tax positions.

Earnings Per Share, Policy [Policy Text Block]

NET EARNINGS PER SHARE

We compute basic earnings per share by dividing net income/loss by the weighted average number of common shares outstanding. Diluted earnings per share is computed similar to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential shares had been issued and if the additional shares were dilutive. Common equivalent shares are excluded from the computation of net earnings per share if their effect is anti-dilutive.

Per share basic and diluted income (loss) amounted to $(

0.01

) and 

$0.00

 for the fiscal years ended 

March 31, 2019 

and 

2018,

 respectively.  

Reclassification, Policy [Policy Text Block]

RECLASSIFICATION

Certain items in the prior financial statements have been reclassified to conform to the current year presentation.

New Accounting Pronouncements, Policy [Policy Text Block]

RECENT ACCOUNTING PRONOUNCEMENTS

In 

February 2016, 

the FASB issued ASU 

2016

-

02,

 Leases (Topic

842

), which is intended to improve financial reporting for lease transactions. This ASU will require organizations that lease assets, such as real estate and manufacturing equipment, to recognize both assets and liabilities on their balance sheet for the rights to use those assets for the lease term and obligations to make the lease payments created by those leases that have terms of greater than 

12

 months. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as finance or operating lease. This ASU will also require disclosures to help investors and other financial statement users better understand the amount and timing of cash flows arising from leases. These disclosures will include qualitative and quantitative requirements, providing additional information about the amounts recorded in the financial statements. The Company has adopted this amendment in 

April 

of 

2019.

Under the new standard, the most significant change is the requirement of balance sheet recognition of right of use assets and lease liabilities by lessees for those leases classified as operating leases. We adopted the new accounting standard in accordance with ASU

2018

-

11,

which amended ASC

842

to provide transition relief by providing entities the ability to

not

recast their comparative periods in transition, therefore,

no

adjustments were made to our prior period financial statements. We have elected the package of practical expedients for transition which are permitted in the new standard. Accordingly, we did

not

reassess whether (i) any expired or existing contracts are or contain leases under the new standard, (ii) classification of leases as operating leases or capital leases would be different under the new standard, or (iii) any initial direct costs would have met the definition of initial direct costs under the new standard. Additionally, we did

not

elect to use hindsight in determining the lease term for existing leases as of

April 1, 2019.

We recorded noncurrent ROU assets of approximately

$967,000

and current and noncurrent operating lease liabilities of

$967,000

as of

April 1, 2019.

Effective

April 1, 2018

the Company adopted ASC Topic

606

“Revenue from Contracts with Customers”, using the modified retrospective method. This guidance supersedes nearly all existing revenue recognition guidance under US GAAP. The core principle of the guidance is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods and services. The Company has drafted its accounting policy for the new standard based on a detailed review of its business and contracts. Based on the new guidance, the Company will continue recognizing revenue at the time it's products are shipped, and therefore adoption of the standard did

not

have a material impact on its financial statements and is

not

expected to have a material impact in the future.

In 

June 2016, 

the FASB issued ASU-

2016

-

13

 “Financial Instruments – Credit Losses”. This guidance affects organizations that hold financial assets and net investments in leases that are 

not

 accounted for at fair value with changes in fair value reported in net income. The guidance requires organizations to measure all expected credit losses for financial instruments at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. It is effective for fiscal years beginning after 

December 15, 2019. 

The Company is evaluating the potential impact on the Company’s consolidated financial statements.

In 

February 2018, 

the FASB issued ASU 

2018

-

02,

 “Income Statement- Reporting Comprehensive Income (Topic 

220

): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” This guidance gives businesses the option of reclassifying to retained earnings the so-called “stranded tax effects” left in accumulated other comprehensive income due to the reduction in the corporate income tax rate resulting from the 

2017

 Tax Cuts and Jobs Act. This amendment is effective for all organizations for fiscal years beginning after

December 15, 2018 

and interim periods within those fiscal years. Early adoption is allowed. We do 

not

 believe that this ASU will have a material impact on our consolidated financial statements.

Management does 

not

 believe that any other recently issued, but 

not

 yet effective accounting pronouncement, if adopted, would have a material effect on the accompanying consolidated financial statements. 

XML

Note 2 - Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Summary of Income Tax Examinations [Table Text Block]

Jurisdiction	Fiscal Year
Federal	2014 and beyond
New Jersey	2013 and beyond

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Note 3 - Inventories (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Schedule Of Inventory [Table Text Block]

	Current		Long Term		Total
Raw materials	$	273,039	$	84,721	$	357,760
Finished goods		53,269		736		54,005
Totals	$	326,308	$	85,457	$	411,765

	Current		Long Term		Total
Raw materials	$	168,640	$	110,433	$	279,073
Finished goods		32,383		618		33,001
Totals	$	201,023	$	111,051	$	312,074

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Note 4 - Property and Equipment (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Property, Plant and Equipment [Table Text Block]

	2019			2018
Machinery and equipment	$	199,810		$	199,810
Leasehold improvements		3,750			3,750
		203,560			203,560
Accumulated depreciation and amortization		(108,099	)		(70,440	)
Property and equipment, net	$	95,461		$	133,120

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Note 5 - Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	March 31, 2019									March 31, 2018
	Cost		Weighted Average Amortization Period (Years)		Accumulated Amortization			Net Carrying Amount		Cost		Weighted Average Amortization Period (Years)		Accumulated Amortization			Net Carrying Amount
Patents & Trademarks	$	20,934		15		(12,035	)	$	8,899	$	20,934		15		(10,639	)	$	10,295

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

For the fiscal years ended March 31,
2020	$	1,396
2021		1,396
2022		1,396
2023		1,396
2024		1,396
Thereafter		1,919
	$	8,899

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Note 8 - Capital Leases (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

For the Years Ending March 31,
2020	$		35,000
2021			20,000
			55,000
Less: Amount attributable to imputed interest			2,000
Present value of minimum lease payments			53,000
Less: Current maturities			31,000
		$	22,000

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Note 10 - Segment Information (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Chemical			Electronic			Engineering		Total
Year ended March 31, 2019
Revenue from customers	$	1,318,814		$	730,634		$	969,506	$	3,018,954
Segment operating income (loss)	$	(81,849	)	$	(403,099	)	$	110,228	$	(374,720	)
Year ended March 31, 2018
Revenue from customers	$	1,391,522		$	1,056,384		$	1,306,306	$	3,754,212
Segment operating income (loss)	$	34,611		$	(303,388	)	$	202,589	$	(66,188	)
Total assets at March 31, 2019	$	1,985,501		$	1,099,983		$	1,459,608	$	4,545,092
Total assets at March 31, 2018	$	1,687,276		$	1,280,908		$	1,583,950	$	4,552,134

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Note 11 - Disaggregated Net Revenues and Segment Information (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Revenue from External Customers by Geographic Areas [Table Text Block]

	Twelve Months Ended March 31,
	2019		2018
Net Revenue in the US
Chemical	$	954,396	$	1,075,107
Electronics		730,634		1,031,384
Engineering		969,506		1,306,306
	$	2,654,536	$	3,412,797
Net Revenue outside the US
Chemical		364,418		316,415
Electronics		-		25,000
Engineering		-		-
	$	364,418	$	341,415
Total Net Revenues	$	3,018,954	$	3,754,212

XML

Note 12 - Income Taxes (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2019		2018
Net operating loss carry-forward	$	637,000	$	554,000
Stock based compensation		-		196,000
Research & development tax credit carry-forward		429,000		495,000
Other		41,000		43,000
Valuation allowance		-		(196,000	)
Deferred tax asset, net	$	1,107,000	$	1,092,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2019		2018
Statutory federal income tax rate		21%		31%
Change in valuation allowance		(17%)		263%
Effective income tax rate		4%		294%

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Note 13 - Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

For the twelve-month period ended March 31,	Amount
2020	$	101,875
2021		101,875
2022		101,875
2023		101,875
2024		105,625
Thereafter		454,219
	$	967,344

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Note 14 - Stock Based Compensation (Tables)

12 Months Ended

Mar. 31, 2019

Notes Tables

Share-based Payment Arrangement, Option, Activity [Table Text Block]

	2019				2018
	# of Shares		Weighted		# of Shares		Weighted
			Average				Average
			Exercise				Exercise
			Price				Price
Outstanding, beginning of year		3,000,000	$	0.20		3,000,000	$	0.20
Issued		-		-		-		-
Exercised		-		-		-		-
Expired		3,000,000		-		-		-
Outstanding, end of year		-	$	0.00		3,000,000	$	0.20
Exercisable, end of year		-	$	0.00		3,000,000	$	0.20

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Note 2 - Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended		17 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Sep. 01, 2018	Apr. 01, 2019
Cash, Uninsured Amount	$ 1,390,000
Accounts Receivable, Allowance for Credit Loss, Ending Balance	160,000	$ 125,000
Advertising Expense	59,877	62,297
Shipping and Handling Costs	3,754	2,904
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 0	$ 0
Earnings Per Share, Basic and Diluted, Total	$ (0.01)	$ 0	$ 0
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset				$ 967,000
Operating Lease, Liability, Noncurrent				$ 967,000
Maximum [Member]
Product Warranty Expense	$ 2,000	$ 2,000
Property, Plant and Equipment, Useful Life	7 years
Minimum [Member]
Property, Plant and Equipment, Useful Life	5 years
Electronic Products [Member]
Warranty Term	90 days
Electronic Controllers for Spas and Hot Tubs [Member]
Warranty Term	5 years

XML

Note 2 - Significant Accounting Policies - Income Tax Returns Jurisdictions Subject to Examination (Details)	12 Months Ended
	Mar. 31, 2019
Internal Revenue Service (IRS) [Member] | Domestic Tax Authority [Member]
Open tax years	2014 2015 2016 2017 2018
New Jersey Division of Taxation [Member] | State and Local Jurisdiction [Member]
Open tax years	2013 2014 2015 2016 2017 2018

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Note 3 - Inventories - Summary of Inventory (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Raw materials	$ 357,760	$ 279,073
Finished goods	54,005	33,001
Totals	411,765	312,074
Current [Member]
Raw materials	273,039	168,640
Finished goods	53,269	32,383
Totals	326,308	201,023
Long Term [Member
Raw materials	84,721	110,433
Finished goods	736	618
Totals	$ 85,457	$ 111,051

XML

Note 4 - Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Depreciation, Total	$ 37,659	$ 37,878

XML

Note 4 - Property and Equipment - Property and Equipment (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Machinery and equipment	$ 199,810	$ 199,810
Leasehold improvements	3,750	3,750
	203,560	203,560
Accumulated depreciation and amortization	(108,099)	(70,440)
Property and equipment, net	$ 95,461	$ 133,120

XML

Note 5 - Intangible Assets (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets, Remaining Amortization Period	6 years
Amortization of Intangible Assets, Total	$ 1,396	$ 1,396
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	15 years

XML

Note 5 - Intangible Assets - Intangible Assets (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accumulated Amortization	$ (12,035)	$ (10,639)
Net Carrying Amount	8,899	10,295
Patents And Trademarks [Member]
Cost	$ 20,934	$ 20,934
Weighted Average Amortization Period (Year)	15 years	15 years
Accumulated Amortization	$ (12,035)	$ (10,639)
Net Carrying Amount	$ 8,899	$ 10,295

XML

Note 5 - Intangible Assets - Estimated Aggregate Future Amortization Expense (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
2020	$ 1,396
2021	1,396
2022	1,396
2023	1,396
2024	1,396
Thereafter	1,919
	$ 8,899	$ 10,295

XML

Note 6 - Investment and Related Party (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2019
Qol [Member]
Due from Related Parties, Total		$ 330,090
Qol [Member] | Engineering Services [Member]
Related Party Transaction, Amounts of Transaction	$ 330,090
Qol [Member]
Equity Method Investments		$ 75,000
Equity Method Investment, Ownership Percentage		23.20%

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Note 7 - Line of Credit (Details Textual) - Revolving Credit Facility [Member] - USD ($)	Jun. 15, 2018	Mar. 31, 2019
Line of Credit Facility, Maximum Borrowing Capacity	$ 400,000
Debt Instrument, Interest Rate, Stated Percentage	5.37%
Short-term Debt, Total		$ 169,885
Line of Credit Facility, Expiration Date	May 16, 2020

XML

Note 8 - Capital Leases (Details Textual) - USD ($)	Mar. 31, 2019	Sep. 30, 2016
Capital Leased Assets, Gross, Total		$ 129,000
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	$ 62,000

XML

Note 8 - Capital Leases - Future Minimum Lease Payments Under Capital Leases (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
2020	$ 35,000
2021	20,000
	55,000
Less: Amount attributable to imputed interest	2,000
Present value of minimum lease payments	53,000
Less: Current maturities	31,196	$ 31,196
	$ 22,450	$ 54,637

XML

Note 9 - Concentrations (Details Textual)	12 Months Ended
	Mar. 31, 2019 USD ($)	Mar. 31, 2018 USD ($)
Revenue from Contract with Customer, Including Assessed Tax	$ 3,018,954	$ 3,754,212
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Two Customers [Member]
Concentration Risk, Number of Customers	2
Concentration Risk, Percentage	58.00%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Three Customers [Member]
Concentration Risk, Number of Customers		3
Concentration Risk, Percentage		58.00%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Foreign Customers [Member]
Concentration Risk, Percentage	12.00%	8.80%
Revenue from Contract with Customer, Including Assessed Tax	$ 364,418	$ 341,415
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Two Customers [Member]
Concentration Risk, Number of Customers		2
Concentration Risk, Percentage		75.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Three Customers [Member]
Concentration Risk, Number of Customers	3
Concentration Risk, Percentage	91.00%

XML

Note 10 - Segment Information - Summary of Segment Information (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue from Contract with Customer, Including Assessed Tax	$ 3,018,954	$ 3,754,212
Segment operating income (loss)	(374,720)	(66,188)
Total assets	4,545,092	4,552,134
Chemical [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,318,814	1,391,522
Segment operating income (loss)	(81,849)	34,611
Total assets	1,985,501	1,687,276
Electronics [Member]
Revenue from Contract with Customer, Including Assessed Tax	730,634	1,056,384
Segment operating income (loss)	(403,099)	(303,388)
Total assets	1,099,983	1,280,908
Engineering [Member]
Revenue from Contract with Customer, Including Assessed Tax	969,506	1,306,306
Segment operating income (loss)	110,228	202,589
Total assets	$ 1,459,608	$ 1,583,950

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Note 11 - Disaggregated Net Revenues and Segment Information - Net Revenue, Classified by Geography (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net revenues	$ 3,018,954	$ 3,754,212
Chemical [Member]
Net revenues	1,318,814	1,391,522
Electronics [Member]
Net revenues	730,634	1,056,384
Engineering [Member]
Net revenues	969,506	1,306,306
UNITED STATES
Net revenues	2,654,536	3,412,797
UNITED STATES | Chemical [Member]
Net revenues	954,396	1,075,107
UNITED STATES | Electronics [Member]
Net revenues	730,634	1,031,384
UNITED STATES | Engineering [Member]
Net revenues	969,506	1,306,306
Non-US [Member]
Net revenues	364,418	341,415
Non-US [Member] | Chemical [Member]
Net revenues	364,418	316,415
Non-US [Member] | Electronics [Member]
Net revenues		25,000
Non-US [Member] | Engineering [Member]
Net revenues

XML

Note 12 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2018
Operating Loss Carryforwards, Total		$ 2,034
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 2,018

XML

Note 12 - Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Net operating loss carry-forward	$ 637,000	$ 554,000
Stock based compensation		196,000
Research & development tax credit carry-forward	429,000	495,000
Other	41,000	43,000
Valuation allowance		(196,000)
Deferred tax asset, net	$ 1,107,000	$ 1,092,000

XML

Note 12 - Income Taxes - Provision for Income Taxes (Details)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statutory federal income tax rate	21.00%	31.00%
Change in valuation allowance	(17.00%)	263.00%
Effective income tax rate	4.00%	294.00%

XML

Note 13 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Leases, Rent Expense, Total	$ 132,000	$ 128,000

XML

Note 13 - Commitments and Contingencies - Future Minimum Lease Payments (Details)	Mar. 31, 2019 USD ($)
2020	$ 101,875
2021	101,875
2022	101,875
2023	101,875
2024	105,625
Thereafter	454,219
	$ 967,344

XML

Note 14 - Stock Based Compensation (Details Textual) - USD ($)		12 Months Ended
	Sep. 02, 2015	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	3,000,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0.20
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 598,699
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.03%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	353.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%

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Note 14 - Stock Based Compensation - Summary of Stock Option Activity (Details) - $ / shares		12 Months Ended
	Sep. 02, 2015	Mar. 31, 2019	Mar. 31, 2018
Outstanding, beginning of year (in shares)		3,000,000	3,000,000
Outstanding, weighted average exercise price (in dollars per share)		$ 0.20	$ 0.20
Issued (in shares)	3,000,000
Issued, weighted average exercise price (in dollars per share)	$ 0.20
Exercised (in shares)
Exercised, weighted average exercise price (in dollars per share)
Expired (in shares)		3,000,000
Expired, weighted average exercise price (in dollars per share)
Outstanding, end of year (in shares)			3,000,000
Outstanding, weighted average exercise price (in dollars per share)		$ 0	$ 0.20
Exercisable, end of year (in shares)			3,000,000
Exercisable, weighted average exercise price (in dollars per share)		$ 0	$ 0.20

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Note 15 - Legal Proceedings (Details Textual) - USD ($)		1 Months Ended
	Jan. 09, 2019	Sep. 30, 2017
Vendor Claiming Non Payment For Services [Member]
Loss Contingency, Damages Sought, Value		$ 33,000
Litigation Settlement, Amount Awarded to Other Party	$ 15,000
Countersuit By ADM Tronics [Member]
Loss Contingency, Damages Sought, Value		$ 12,000