v3.26.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Jun. 30, 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
Three Months Ended
June 30,		  
    2026     2025  
             
Domestic   $ 9,497,403     $ 5,696,607  
International     524,043       611,548  
Total   $ 10,021,446     $ 6,308,155  
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
Three Months Ended
June 30,		  
    2026     2025  
Industry   %     %  
Defense     75.5       55.6  
Commercial Aerospace     19.7       35.1  
Space     1.7       4.9  
Other     3.1       4.4  
      100.0       100.0  
Schedule of Basic and Diluted Net (Loss) Income Per Common Share

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

 

    For the
Three Months Ended
June 30,		  
    2026     2025  
             
Net income (loss)   $ 654,466     $ (654,618 )
                 
Net income (loss) per common share:                
Basic   $ 0.26     $ (0.27 )
Diluted   $ 0.25     $ (0.27 )
                 
Weighted average number of common shares outstanding- basic     2,470,313       2,390,581  
Dilutive effect of options to the extent that such options are determined to be in the money for the period     119,409       -  
Weighted average number of common shares outstanding-fully diluted     2,589,722       2,390,581  

 

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
Three Months Ended
June 30,		  
    2026     2025  
Potentially dilutive options to purchase common shares     248,891       505,000  
Schedule of Determined Fair Value of the Stock Options

The Company determined the fair value of the stock option grants based upon the assumptions as provided below.

 

    For the
Three Months Ended
June 30,		  
    2026     2025  
Weighted average stock price   $ 18.05     $ 8.28  
Expected life (in years)     5.0       5.0  
Expected volatility     64.7 %     57.9 %
Dividend yield     - %     - %
Weighted average risk-free interest rate, per annum     4.1 %     4.0 %