v3.26.1
Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,647,698 $ 10,539,828
Accounts receivable, net 4,719,223 3,210,840
Inventories, net 6,809,722 7,265,347
Corporate income taxes receivable 467,994 813,413
Prepaid expenses and other current assets 440,905 201,160
Total current assets 22,085,542 22,030,588
Non-current assets:    
Property, plant and equipment, net 3,309,007 3,128,177
Operating lease right-of-use assets 1,588,589 1,967,752
Security deposit 75,756 75,756
Total assets 27,058,894 27,202,273
Current liabilities:    
Accounts payable 1,426,067 876,730
Customer advance payments 18,471 173,074
Operating lease liabilities 449,056 395,325
Equipment financing line of credit 256,257
Other current liabilities 997,947 801,245
Total current liabilities 3,147,798 2,246,374
Non-Current liabilities:    
Operating lease liabilities, net of current 1,392,937 1,841,993
Equipment financing line of credit, net of current 159,667
Total liabilities 4,700,402 4,088,367
Commitments and Contingencies (Note 12)
Stockholders’ Equity    
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,470,272 and 2,388,251 shares issued and outstanding at March 31, 2026 and March 31, 2025, respectively 24,703 23,883
Additional paid-in capital 8,821,894 8,281,344
Retained earnings 13,511,895 14,808,679
Total Stockholders’ Equity 22,358,492 23,113,906
Total Liabilities and Stockholders’ Equity $ 27,058,894 $ 27,202,273