v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 9,360,045 $ 9,647,698
Accounts receivable, net 5,253,111 4,719,223
Inventories, net 7,699,931 6,809,722
Corporate income taxes receivable 336,794 467,994
Prepaid expenses and other current assets 253,707 440,905
Total current assets 22,903,588 22,085,542
Non-current assets:    
Property, plant and equipment, net 3,161,173 3,309,007
Operating lease right-of-use assets 1,489,962 1,588,589
Security deposit 75,756 75,756
Total assets 27,630,479 27,058,894
Current liabilities:    
Accounts payable 959,093 1,426,067
Customer advance payments 248,279 18,471
Operating lease liabilities 459,893 449,056
Equipment financing line of credit 76,370 256,257
Other current liabilities 753,840 997,947
Total current liabilities 2,497,475 3,147,798
Non-Current liabilities:    
Operating lease liabilities, net of current 1,274,266 1,392,937
Equipment financing line of credit, net of current 324,280 159,667
Total liabilities 4,096,021 4,700,402
Commitments and Contingencies (Note 11)
Stockholders’ Equity    
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,474,034 and 2,470,272 shares issued and outstanding at June 30,2026 and March 31, 2026, respectively 24,741 24,703
Additional paid-in capital 9,343,356 8,821,894
Retained earnings 14,166,361 13,511,895
Total Stockholders’ Equity 23,534,458 22,358,492
Total Liabilities and Stockholders’ Equity $ 27,630,479 $ 27,058,894