Segment Information (Tables)

6 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

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

The tables below present information about reportable segments within the avionics business for the three and six months ending September 30, 2022, and 2021:

Three Months Ended September 30, 2022		Avionics Government				Avionics Commercial				Avionics Total				Corporate Items				Total
Net sales		$	1,364,876			$	647,882			$	2,012,758			$	-			$	2,012,758
Cost of sales			966,980				492,306				1,459,286				-				1,459,286
Gross margin			397,896				155,576				553,472				-				553,472

Engineering, research, and development											609,636				-				609,636
Selling, general and administrative											166,153				312,605				478,758
Litigation costs											-				495				495
Interest income											-				(2,137	)			(2,137	)
Other income											-				-				-
Interest expense – judgment											-				71,016				71,016
Total expenses (income)											775,789				381,979				1,157,768
Loss before income taxes										$	(222,317	)		$	(381,979	)		$	(604,296	)

Three Months Ended September 30, 2021		Avionics Government				Avionics Commercial				Avionics Total				Corporate Items				Total
Net sales		$	2,909,663			$	701,200			$	3,610,863			$	-			$	3,610,863
Cost of sales			1,498,235				444,721				1,942,956				-				1,942,956
Gross margin			1,411,428				256,479				1,667,907				-				1,667,907

Engineering, research, and development											682,852				-				682,852
Selling, general and administrative											224,148				372,470				596,618
Litigation costs											-				3,220				3,220
Interest income											-				(995	)			(995	)
Other income											-				(22,260	)			(22,260	)
Interest expense - judgment											-				52,490				52,490
Forgiveness of PPP Loan											-				(722,577	)			(722,577	)
Total expenses (income)											907,000				(317,652	)			589,348
Income before income taxes										$	760,907			$	317,652			$	1,078,559

Six Months Ended September 30, 2022		Avionics Government				Avionics Commercial				Avionics Total				Corporate Items				Total
Net sales		$	2,969,026			$	1,297,489			$	4,266,515			$	-			$	4,266,515
Cost of sales			1,929,216				948,642				2,877,858				-				2,877,858
Gross margin			1,039,810				348,847				1,388,657				-				1,388,657

Engineering, research, and development											1,131,739				-				1,131,739
Selling, general and administrative											339,003				695,964				1,034,967
Litigation costs											-				1,219				1,219
Interest income											-				(3,123	)			(3,123	)
Other income											-				-				-
Interest expense – judgment											-				122,936				122,936
Total expenses											1,470,742				816,996				2,287,738
Loss before income taxes										$	(82,085	)		$	(816,996	)		$	(899,081	)

Six Months Ended September 30, 2021		Avionics Government				Avionics Commercial				Avionics Total				Corporate Items				Total
Net sales		$	6,479,266			$	1,263,990			$	7,743,256			$	-			$	7,743,256
Cost of sales			3,261,135				799,467				4,060,602				-				4,060,602
Gross margin			3,218,131				464,523				3,682,654				-				3,682,654

Engineering, research, and development											1,376,427				-				1,376,427
Selling, general and administrative											401,943				748,708				1,150,651
Litigation costs											-				4,400				4,400
Interest income											-				(1,980	)			(1,980	)
Other income											-				(35,853	)			(35,853	)
Interest expense – judgment											-				104,410				104,410
Interest expense											-				(722,577	)			(722,577	)
Total expenses											1,778,370				97,108				1,875,478
Income (loss) before income taxes										$	1,904,284			$	(97,108	)		$	1,807,176