v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2026
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,		 
   2026   2025 
Domestic  $27,704,583   $27,138,838 
International   1,713,017    1,645,023 
Total  $29,417,600   $28,783,861 
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,		 
   2026   2025 
Industry  %   % 
Defense   63.2    65.7 
Commercial Aerospace   25.2    19.9 
Space   7.8    10.6 
Other   3.8    3.8 
    100.0    100.0 
Schedule of Basic and Diluted Net (Loss) Income Per Common Share

Basic and diluted net (loss) income per common share is calculated as follows:

 

   For the Fiscal Years Ended
March 31,		 
   2026   2025 
         
Net (loss) income  $(1,296,784)  $999,038 
           
Net (loss) income per common share:          
Basic  $(0.53)  $0.42 
Diluted  $(0.53)  $0.41 
           
Weighted average number of common shares outstanding – basic   2,424,216    2,381,824 
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   2,424,216    2,443,255 

 

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,		 
   2026   2025 
           
Potentially dilutive options to purchase common shares   455,000    313,204 
Schedule of Determined Fair Value of the Stock Options

Fair value of the stock options granted during the fiscal years ended March 31, 2026 and 2025 were determined using the assumptions provided below.

 

   For the Fiscal Years Ended
March 31,		 
   2026   2025 
Weighted average stock price  $8.28   $7.47 
Expected life (in years)   5.0    5.0 
Expected volatility   57.9%   52.3%
Dividend yield   
-
%   
-
%
Weighted average risk-free interest rate, per annum   4.0%   4.6%