v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 195 $ 138
Accounts receivable, less allowances of $53 and $22 on March 31, 2025 and 2024 2,192 2,371
Contract assets 9,587 8,527
Raw materials 1,800 1,827
Work-in-process 1,082 1,423
Other current assets 490 564
Total current assets 15,346 14,850
Property, plant and equipment, net 13,791 14,798
Right of use asset, net 4,268 4,977
Other noncurrent assets 122 122
Total assets 33,527 34,747
Current liabilities:    
Accounts payable 2,437 1,408
Accrued expenses 3,685 4,263
Contract liabilities 1,040 2,104
Customer deposits 1,631 1,684
Current portion of long-term lease liability 770 736
Current portion of long-term debt, net 7,353 7,559
Total current liabilities 16,916 17,754
Long-term equipment financing 3  
Long-term lease liability 3,638 4,408
Other noncurrent liability 4,230 4,782
Total liabilities 24,787 26,944
Commitments and contingent liabilities (see Note 15)
Stockholders' Equity:    
Common stock - par value $.0001 per share, 50,000,000 shares authorized: Shares issued and outstanding: March 31, 2025 - 9,761,825 and 9,751,825, respectively. Shares issued and outstanding March 31, 2024 - 8,777,432 1 1
Additional paid in capital 18,885 15,200
Accumulated deficit (10,146) (7,398)
Total stockholders' equity 8,740 7,803
Total liabilities and stockholders' equity $ 33,527 $ 34,747