v3.25.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2025
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 Fiscal Years Ended
March 31,
 
   2025   2024 
Domestic  $27,138,838   $19,694,271 
International   1,645,023    1,830,273 
Total  $28,783,861   $21,524,544 
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 Fiscal Years Ended
March 31,
 
   2025   2024 
Industry  %   % 
Defense   65.7    60.6 
Commercial Aerospace   19.9    27.3 
Space   10.6    7.8 
Other   3.8    4.3 
    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 Fiscal Years Ended
March 31,
 
   2025   2024 
         
Net income (loss)  $999,038   $(2,916,902)
           
Net income (loss) per common share:          
  Basic  $0.42   $(1.23)
  Diluted  $0.41   $(1.23)
           
Weighted average number of common shares outstanding – basic   2,381,824    2,375,342 
Dilutive effect of options to the extent that such options are determined to be in the money for the period   61,431    
-
 
Weighted average number of common shares outstanding – fully diluted   2,443,255    2,375,342 

 

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 Fiscal Years Ended
March 31,
 
   2025   2024 
           
Potentially dilutive options to purchase common shares   313,204    502,217 
Schedule of Determined the Fair Value of the Stock Option Grants

Fair value of the stock options granted during the fiscal years ended March 31, 2025 and 2024 were determined using the assumptions provided below.

 

   For the Fiscal Years Ended
March 31,
 
   2025   2024 
Weighted average stock price  $7.47   $7.07 
Expected life (in years)   5.0    5.0 
Expected volatility   52.3%   54.5%
Dividend yield   
-
%   
-
%
Weighted average risk-free interest rate, per annum   4.6%   4.1%