IEH (IEHC) 10-K 8 Jul 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 25, 2016	Jun. 30, 2016	Sep. 25, 2015
Document And Entity Information
Entity Registrant Name	IEH CORPORATION
Entity Central Index Key	50,292
Document Type	10-K
Document Period End Date	Mar. 25, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-25
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 10,055,669.7
Entity Common Stock, Shares Outstanding		2,303,468
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Mar. 25, 2016	Mar. 27, 2015
CURRENT ASSETS:
Cash	$ 1,753,749	$ 1,721,410
Accounts receivable, less allowances for doubtful accounts of $11,562 at March 25, 2016 and March 27, 2015	2,212,508	2,226,707
Inventories (Note 2)	7,250,300	6,749,659
Excess payments to accounts receivable factor (Note 5)	186,114	43,041
Prepaid expenses and other current assets (Note 3)	1,377,868	354,451
Total Current Assets	12,780,539	11,095,268
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,603,892 at March 25, 2016 and $8,272,106 at March 27, 2015 and (Note 4)	1,867,191	1,691,541
OTHER ASSETS:
Other assets	54,361	54,361
Total Assets	14,702,091	12,841,170
CURRENT LIABILITIES:
Accounts payable	195,831	138,653
Accrued corporate income taxes	294,412	181,934
Other current liabilities (Note 6)	631,280	630,125
Total Current Liabilities	1,121,523	950,712
Total Liabilities	1,121,523	950,712
STOCKHOLDERS' EQUITY:
Common Stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at March 25, 2016 and March 27, 2015	23,035	23,035
Capital in excess of par value	2,744,573	2,744,573
Retained earnings (Note 8)	10,812,960	9,122,850
Total Stockholders' Equity	13,580,568	11,890,458
Total Liabilities and Stockholders' Equity	$ 14,702,091	$ 12,841,170

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 25, 2016	Mar. 27, 2015
Statement of Financial Position [Abstract]
Allowances for doubtful accounts	$ 11,562	$ 11,562
Accumulated depreciation and amortization	$ 8,603,892	$ 8,272,106
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,303,468	2,303,468
Common stock, shares outstanding	2,303,468	2,303,468

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	12 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
Income Statement [Abstract]
REVENUE, net sales (Note 12)	$ 19,358,246	$ 16,392,217
COSTS AND EXPENSES:
Cost of products sold	12,831,775	10,302,640
Selling, general and administrative	3,047,556	2,617,212
Interest expense	25,193	17,782
Depreciation and amortization	331,786	333,000
Total Costs and Expenses	16,236,310	13,270,634
OPERATING INCOME	3,121,936	3,121,583
OTHER INCOME	853	912
INCOME BEFORE INCOME TAXES	3,122,789	3,122,495
PROVISION FOR INCOME TAXES	(1,432,679)	(1,312,940)
NET INCOME	$ 1,690,110	$ 1,809,555
BASIC AND DILUTED EARNINGS PER COMMON SHARE (Note 1)	$ 0.73	$ 0.79
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	2,303	2,303

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Total
Balances, beginning at Mar. 28, 2014	$ 23,035	$ 2,744,573	$ 7,313,295	$ 10,080,903
Balances, beginning, shares at Mar. 28, 2014	2,303,468			2,303,468
Net income			1,809,555	$ 1,809,555
Balances, ending at Mar. 27, 2015	$ 23,035	2,744,573	9,122,850	$ 11,890,458
Balances, ending, shares at Mar. 27, 2015	2,303,468			2,303,468
Net income			1,690,110	$ 1,690,110
Balances, ending at Mar. 25, 2016	$ 23,035	$ 2,744,573	$ 10,812,960	$ 13,580,568
Balances, ending, shares at Mar. 25, 2016	2,303,468			2,303,468

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,690,110	$ 1,809,555
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	331,786	333,000
Changes in assets and liabilities:
(Increase) decrease in accounts receivable	14,199	(570,777)
(Increase) decrease in excess payments to accounts receivable factor	(143,073)	587,018
(Increase) in inventories	(500,641)	(2,168,227)
(Increase) decrease in prepaid expenses and other current assets	(1,023,417)	425,722
(Increase) in other assets		(8,077)
Increase (decrease) in accounts payable	57,175	(128,946)
Increase in other current liabilities	1,158	70,982
Increase in accrued corporate income taxes	112,478	85,765
Total adjustments	(1,150,335)	(1,373,540)
NET CASH PROVIDED BY OPERATING ACTIVITIES	539,775	436,015
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(507,436)	(448,065)
NET CASH (USED) BY INVESTING ACTIVITIES	(507,436)	(448,065)
INCREASE (DECREASE) IN CASH	32,339	(12,050)
CASH, beginning of period	1,721,410	1,733,460
CASH, end of period	1,753,749	1,721,410
Cash paid during the year for:
Interest	25,193	17,782
Income Taxes	$ 2,327,000	$ 786,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 25, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Description of Business: The Company designs, develops and manufactures printed circuit connectors for high performance applications. We have also developed a high performance plastic circular connector line. All of our connectors utilize the HYPERBOLOID contact design, a rugged, high-reliability contact system ideally suited for high-stress environments. We are the only independent producer of HYPERBOLOID in the United States. The Company’s customers consist of OEM’s (Original Equipment Manufacturers), companies manufacturing medical equipment, and distributors who resell the Company’s products to OEMs. The Company sells its products directly and through regional representatives located in all regions of the United States, Canada, Israel, India, various Pacific Rim countries, South Korea and the European Union (EU). The customers the Company services are in the Government, Military, Aerospace, Medical, Automotive, Industrial, Test Equipment and Commercial Electronics markets. The Company appears on the Military Qualified Product Listing “QPL” to MIL-DTL-55302 and supply customer requested modifications to this specification. Sales to the commercial electronic and military markets were 39% and 53%, respectively, of the Company’s net sales for the year ended March 25, 2016. The Company’s offering of “QPL” items has recently been expanded to include additional products. In order to remain competitive, the Company has an internal program to upgrade, add and maintain machinery, review material costs and increase labor force productively. During the fiscal year ended March 25, 2016, we purchased several machines to increase the productivity of certain processes. This will help us meet this goal. Business New Product Development: The Company is sought after by many of its customers to design and manufacture custom connectors. This has created many new products that are innovative designs and employ new technologies. The Company continues to be successful because of its ability to assist its customers and create a new design, including engineering drawing packages, in a relatively short period of time. We will continue to support our customers to the best of our ability. The circular product line of connectors introduced several years ago for the medical industry continues to be very rewarding for the Company. The line has been expanded to include connector cable assemblies utilizing the circular connectors. A new product line featuring high density connectors is being added to the Company’s product offering. This offering should be available within the next few months. The Company expects the new product line to bring additional revenue. The standard printed circuit board connectors we produce are continually being expanded and utilized in many of the military programs being built today. We have recently received approval for additional products that we can offer under the Military Qualified Product Listing “QPL.” Accounting Period: The Company maintains an accounting period based upon a 52-53 week year, which ends on the nearest Friday in business days to March 31 st Revenue Recognition: Revenues are recognized at the shipping date of the Company's products. The Company has historically adopted the shipping terms that title to merchandise passes to the customer at the shipping point (FOB Shipping Point). At this juncture, title has passed, the Company has recognized the sale, inventory has been relieved, and the customer has been invoiced. The Company does not offer any discounts, credits or other sales incentives. The Company’s policy with respect to customer returns and allowances as well as product warranty is as follows: The Company will accept a return of a defective product within one year from shipment for repair or replacement at the Company’s option. If the product is repairable, the Company at its own cost will repair and return to the customer. If unrepairable, the Company will either offer an allowance against payment or will reimburse the customer for the total cost of the defective product. Most of the Company’s products are custom ordered by customers for a specific use. The Company provides engineering services as part of the relationship with its customers in developing the custom product. The Company is not obligated to provide such engineering service to its customers. The Company does not charge its customers separately for these services. Inventories: Inventories are stated at cost, on a first-in, first-out basis, which does not exceed market value. The Company manufactures products pursuant to specific technical and contractual requirements. The Company historically purchases material in excess of its requirements to avail itself of The Company annually reviews its purchase and usage activity of its inventory of parts as well as work in process and finished goods to determine which items of inventory have become obsolete within the framework of current and anticipated orders. The Company based upon historical experience has determined that if a part has not been used and purchased or an item of finished goods has not been sold in three years, it is deemed to be obsolete. The Company estimates which materials may be obsolete and which products in work in process or finished goods may be sold at less than cost. A periodic adjustment, based upon historical experience is made to inventory in recognition of this impairment. Concentration of Credit Risk: Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Under the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law on July 21, 2010, the Federal Deposit Insurance Corporation (FDIC) will permanently insure all accounts maintained with financial institutions up to $250,000 in the aggregate. As of March 25, 2016, the Company had funds on deposit in the amount of $1,753,749 in one financial institution comprised of the following: Non-interest bearing accounts $ 635,956 Interest bearing account 1,117,793 $ 1,753,749 The Company has not experienced any losses in such accounts and believes its cash balances are not exposed to any significant risk. Property, Plant and Equipment: Property, plant and equipment are stated at cost less accumulated depreciation and amortization. The Company provides for depreciation and amortization using the Double Declining Balance method over the estimated useful lives (5-7 years) of the related assets. Maintenance and repair expenditures are charged to operations, and renewals and betterments are capitalized. Items of property, plant and equipment, which are sold, retired or otherwise disposed of, are removed from the asset and accumulated depreciation or amortization account. Any gain or loss thereon is either credited or charged to operations. Income Taxes: The Company follows the policy of treating investment tax credits as a reduction in the provision for federal income tax in the year in which the credit arises or may be utilized. Deferred income taxes arise from temporary differences resulting from different depreciation methods used for financial and income tax purposes. The Company has adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes which includes the provisions of Statement of Financial Accounting Standards (SFAS) No. 109, “Accounting for Income Taxes”. Net Income Per Share: The Company has adopted the provisions of ASC Topic 260, Earnings Per Share which includes the provisions of SFAS No. 128, “Earnings Per Share,” which requires the disclosure of “basic” and “diluted” earnings (loss) per share. Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during each period. Diluted earnings per share is similar to basic earnings per share except that the weighted average number of common shares outstanding is increased to reflect the dilutive effect of potential common shares, such as those issuable upon the exercise of stock or warrants, as if they had been issued. For the years ended March 25, 2016 and March 27, 2015, respectively, there were no items of potential dilution that would impact on the computation of diluted earnings or loss per share. Fair Value of Financial Instruments: The carrying value of the Company’s financial instruments, consisting of accounts receivable, accounts payable, and borrowings, approximate their fair value due to the relatively short maturity (three months) of these instruments. Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities at the date of the financial statements. Actual amounts could differ from those estimates. Impairment of Long-Lived Assets: The Company has adopted the provisions of ASC Topic 360, Property, Plant and Equipment-Impairment or Disposal of Long Lived Assets which includes the provisions of SFAS No. 144, “Accounting For The Impairment of Long-Lived Assets And Long-Lived Assets To Be Disposed Of”, and requires that long-lived assets and certain identifiable intangibles to be held and used by an entity be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company has adopted SFAS No. 144. There were no long-lived asset impairments recognized by the Company for the years ended March 25, 2016 and March 27, 2015, respectively. Reporting Comprehensive Income: The Company has adopted the provisions of ASC Topic 220, Comprehensive Income which includes the provisions of SFAS No. 130, “Reporting Comprehensive Income.” This Statement established standards for reporting and display of comprehensive income and its components (revenues, expenses, gains and losses) in an entity’s financial statements. This Statement requires an entity to classify items of other comprehensive income by their nature in a financial statement and display the accumulated balance of other comprehensive income separately from retained earnings and additional paid-in capital in the equity section of a statement of financial position. There were no material items of comprehensive income to report for the years ended March 25, 2016 and March 27, 2015. Segment Information: The Company has adopted the provisions of ASC Topic 280, Segment Reporting which includes the Provisions of SFAS No. 131, “Disclosures About Segment of An Enterprise and Related Information.” This Statement requires public enterprises to report financial and descriptive information about its reportable operating segments and establishes standards for related disclosures about product and services, geographic areas, and major customers. The adoption of ASC Topic 280 did not affect the Company’s presentation of its results of operations or financial position. Research and Development: The Company provides personalized engineering services to its customers by designing connectors for specific customer applications. The employment of electromechanical engineers is the anticipated cornerstone of the Company’s future growth. The Company maintains a testing laboratory where its engineers experiment with new connector designs based on changes in technology and in an attempt to create innovative, more efficient connector designs. The Company did not expend any funds on, nor receive any revenues related to, customer sponsored research and development activities relating to the development of new designs, techniques and the improvement of existing designs during the years ended March 25, 2016 and March 27, 2015, respectively. Recent Accounting Pronouncements: The Financial Accounting Standards Board (“FASB”) has issued certain accounting standards updates as of March 25, 2016 that will become effective in subsequent periods. The Company believes that none of those updates would have significantly affected the Company’s financial accounting measures or disclosures had they been in effect during the fiscal years ended March 25, 2016 or March 27, 2015, and it does not believe that any of those pronouncements will have a significant impact on the Company’s financial statements at the time that they become effective.

INVENTORIES_

INVENTORIES:	12 Months Ended
	Mar. 25, 2016
Inventory Disclosure [Abstract]
INVENTORIES	Note 2 - INVENTORIES: Inventories are stated at cost, on a first-in, first-out basis, which does not exceed market value. The Company manufactures products pursuant to specific technical and contractual requirements. The Company historically purchases material in excess of its requirements to avail itself of favorable pricing as well as the possibility of receiving additional orders from customers. This excess may result in material not being used in subsequent periods, which may result in this material being deemed obsolete. The Company annually reviews its purchase and usage activity of its inventory of parts as well as work in process and finished goods to determine which items of inventory have become obsolete within the framework of current and anticipated orders. The Company based upon historical experience has determined that if a part has not been used and purchased or an item of finished goods has not been sold in three years, it is deemed to be obsolete. The Company estimates which materials may be obsolete and which products in work in process or finished goods may be sold at less than cost. A periodic adjustment, based upon historical experience is made to inventory in recognition of this impairment. Inventories are comprised of the following: March 25, March 27, 2016 2015 Raw materials $ 4,844,510 $ 4,752,311 Work in progress 596,371 980,427 Finished goods 1,809,419 1,016,921 $ 7,250,300 $ 6,749,659

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	12 Months Ended
	Mar. 25, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	Note 3 - PREPAID EXPENSES AND OTHER CURRENT ASSETS: Prepaid expenses and other current assets are comprised of the following: March 25, March 27, 2016 2015 Prepaid insurance $ 22,834 $ 15,791 Prepaid corporate taxes 1,345,459 338,660 Prepaid other 9,575 — $ 1,377,868 $ 354,451

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Mar. 25, 2016
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	Note 4 - PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment are as follows: March 25, March 27, 2016 2015 Computers $ 394,175 $ 382,698 Leasehold improvements 845,589 830,442 Machinery and equipment 5,767,672 5,520,429 Tools and dies 3,283,953 3,050,384 Furniture and fixture 170,644 170,644 Website development cost 9,050 9,050 10,471,083 9,963,647 Less: accumulated depreciation and amortization (8,603,892 ) (8,272,106 ) $ 1,867,191 $ 1,691,541

ACCOUNTS RECEIVABLE FINANCING

ACCOUNTS RECEIVABLE FINANCING	12 Months Ended
	Mar. 25, 2016
Receivables [Abstract]
ACCOUNTS RECEIVABLE FINANCING	Note 5 - ACCOUNTS RECEIVABLE FINANCING: The Company has an accounts receivable financing agreement with a non-bank lending institution (“Factor”) whereby it can borrow up to 80 percent of its eligible receivables (as defined in such financing agreement) at an interest rate of 2 ½% above JP Morgan Chase’s publicly announced rate with a minimum rate of 12% per annum. The financing agreement has an initial term of one year and automatically renews for successive one-year terms, unless terminated by the Company or its lender upon receiving 60 days prior notice. Funds advanced by the Factor are secured by the Company’s accounts receivable and inventories. As of March 25, 2016, the Company reported in the accompanying financial statements, excess payments to the Factor of $186,114 compared to March 27, 2015, when the Company had reported excess payments to the Factor of $43,041.

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	12 Months Ended
	Mar. 25, 2016
Other Liabilities Disclosure [Abstract]
OTHER CURRENT LIABILITIES	Note 6 - OTHER CURRENT LIABILITIES: Other current liabilities are comprised of the following: March 25, March 27, 2016 2015 Payroll and vacation accruals $ 560,995 $ 569,725 Sales commissions 50,357 44,844 Insurance 17,014 10,556 Other 2,914 5,000 $ 631,280 $ 630,125

INCOME TAXES

INCOME TAXES	12 Months Ended
	Mar. 25, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 7 - INCOME TAXES: The Company accounts for income taxes under the provisions of ASC Topic 740, Income Taxes which includes the provisions of SFAS No. 109 (“SFAS 109”). Under SFAS 109, deferred income tax assets or liabilities are computed based upon the temporary differences between the financial statement and income tax bases of assets and liabilities using the currently enacted marginal income tax rates. Deferred income tax expenses or credits are based on the changes in the deferred income tax assets or liabilities from period to period. The provision for income taxes consists of the following: March 25, 2016 Current: Federal $ 639,476 State and local 406,379 Total current tax provision 1,045,855 Deferred: Federal 236,519 State and local 150,305 Total deferred tax benefit 386,824 Total provision (benefit) $ 1,432,679 46 The components of the Company’s deferred taxes at March 25, 2016 are as follows: Deferred tax assets: Accounts receivable reserves $ 11,562 Accrued expenses 611,355 Prepaid expenses 1,345,459 1,968,376 Deferred tax liabilities: Depreciation 221,715 Net deferred tax assets before valuation allowance 2,190,091 Valuation allowance (2,190,091 ) Net deferred tax assets $ — The Company has fully utilized its net operating loss carryovers in prior years. The foregoing amounts are management’s estimates and the actual results could differ from those estimates. Future profitability in this competitive industry depends on continually obtaining and fulfilling net profitable contracts or the failure of the Company’s engineering development efforts could reduce estimates of future profitability, which could affect the Company’s ability to realize the deferred tax assets. A reconciliation of the income tax benefit at the statutory Federal tax rate of 34 % to the income tax benefit recognized in the financial statements is as follows: March 25, 2016 Income tax expense (benefit) – statutory rate 34 % Income tax expenses – state and local, net of federal benefit 12 % Income tax expense (benefit) 46 %

CHANGES IN STOCKHOLDERS' EQUITY

CHANGES IN STOCKHOLDERS' EQUITY	12 Months Ended
	Mar. 25, 2016
Equity [Abstract]
CHANGES IN STOCKHOLDERS' EQUITY	Note 8 - CHANGES IN STOCKHOLDERS’ EQUITY: Stockholders’ equity increased by $1,690,110 which represented the reported net income for the year ended March 25, 2016.

2011 EQUITY INCENTIVE PLAN_

2011 EQUITY INCENTIVE PLAN:	12 Months Ended
	Mar. 25, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
2011 EQUITY INCENTIVE PLAN	Note 9 - 2011 EQUITY INCENTIVE PLAN: On August 31, 2011, the Company’s shareholders approved the adoption of the Company’s 2011 Equity Incentive Plan (“2011 Plan”) to provide for the grant of stock options and restricted stock awards to purchase up to 750,000 shares of the Company’s common stock to all employees, consultants and other eligible participants including senior management and members of the Board of Directors of the Company. The 2011 Plan replaced the prior 2002 Employee Stock Option Plan which had expired in accordance with its terms. Options granted to employees under the 2011 Plan may be designated as options which qualify for incentive stock option treatment under Section 422A of the Internal Revenue Code, or options which do not qualify (non-qualified stock options). Under the 2011 Plan, the exercise price of an option designated as an incentive stock option shall not be less than the fair market value of the Company’s common stock on the day the option is granted. In the event an option designated as an incentive stock option is granted to a ten percent (10%) or greater shareholder, such exercise price shall be at least 110 percent (110%) of the fair market value of the Company’s common stock and the option must not be exercisable after the expiration of ten years from the day of the grant. The 2011 Plan also provides that holders of options that wish to pay for the exercise price of their options with shares of the Company’s common stock must have beneficially owned such stock for at least six months prior to the exercise date. Exercise prices of non-incentive stock options may be less than the fair market value of the Company’s common stock. The aggregate fair market value of shares subject to options granted to a participant(s), which are designated as incentive stock options, and which become exercisable in any calendar year, shall not exceed $100,000. On July 1, 2015, our Board of Directors granted 245,000 options to purchase shares of the Company’s common stock under the 2011 Plan, including without limitation, as follows: (i) Michael Offerman, our Chief Executive Officer, was granted 75,000 options; (ii) Robert Knoth, our Chief Financial Officer, was granted 50,000 options; (iii) four non-executive officer key employees were granted 110,000 options; and (iv) each of our non-management directors, Allen Gottlieb and Gerald Chafetz, was granted 5,000 options. The stock options (i) have a ten-year term; (ii) have an exercise price equal to the fair market value of the Company’s common stock as determined under the 2011 Plan, as reported in the OTCBB, on the date of grant ($6.00), except that the options granted to Michael Offerman has an exercise price equal to 110% of such fair market value because he owns ten percent (10%) or greater of the Company’s outstanding common stock; and (iii) were all immediately vested. In the event of the termination of each recipient’s employment by, or association with, the Company (as applicable), the options will remain exercisable in accordance with the terms of the 2011 Plan. The table below summarizes the option awards for the named executive officers and non-management directors: Name Stock Option Grants Michael Offerman 75,000 Robert Knoth 50,000 Allen Gottlieb 5,000 Gerald Chafetz 5,000

CASH BONUS PLAN

CASH BONUS PLAN	12 Months Ended
	Mar. 25, 2016
Compensation Related Costs [Abstract]
CASH BONUS PLAN	Note 10 - CASH BONUS PLAN: In 1987, the Company adopted a cash bonus plan (“Cash Bonus Plan”) for Executive Officers. Contributions to the Bonus Plan are made by the Company only after pre-tax operating profits exceed $150,000 for a fiscal year, and then to the extent of 10% of the excess of the greater of $150,000 or 25% of pre-tax operating profits. For the year ended March 25, 2016, the Company’s contribution was $227,700. For the year ended March 27, 2015, the Company’s contribution was $288,000.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Mar. 25, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Note 11 - COMMITMENTS AND CONTINGENCIES: The Company’s lease term for its manufacturing facility located at 140 58 th Fiscal year ending March: 2017 $ 173,180 2018 178,360 2019 183,720 2020 189,200 Thereafter 128,640 $ 853,100 The rental expense for the years ended March 25, 2016 and March 27, 2015, was $162,403 and $162,840, respectively. The Company has a collective bargaining multi-employer pension plan (“Multi-Employer Plan”) with the United Auto Workers of America, Local 259. Contributions are made in accordance with a negotiated labor contract and are based on the number of covered employees employed per month. With the passage of the Multi-Employer Pension Plan Amendments Act of 1990 (the “1990 Act”), the Company may become subject to liabilities in excess of contributions made under the collective bargaining agreement. Generally, these liabilities are contingent upon the termination, withdrawal, or partial withdrawal from the Multi-Employer Plan. The Company has not taken any action to terminate, withdraw or partially withdraw from the Multi-Employer Plan nor does it intend to do so in the future. Under the 1990 Act, liabilities would be based upon the Company’s proportional share of the Multi-Employer Plan’s unfunded vested benefits, which is currently not available. The amount of accumulated benefits and net assets of such Plan also is not currently available to the Company. The total contributions charged to operations under this pension plan were $134,036 for the year ended March 25, 2016 and $122,668 for the year ended March 27, 2015.

REVENUES FROM MAJOR CUSTOMERS

REVENUES FROM MAJOR CUSTOMERS	12 Months Ended
	Mar. 25, 2016
REVENUES FROM MAJOR CUSTOMERS [Abstract]
REVENUES FROM MAJOR CUSTOMERS	Note 12 - REVENUES FROM MAJOR CUSTOMERS: During the year ended March 25, 2016 five customers accounted for $5,569,000 constituting approximately 29% of the Company’s revenues. Two of such customers accounted for 16% of such revenues. In the fiscal year ended March 27, 2015 five customers accounted for $5,082,035 constituting approximately 31% of revenues. Two of such customers accounted for 16% of such revenues. As of March 25, 2016, amounts due from four customers represented approximately 46% of the total amount of accounts receivable. The Company intends to provide additional information regarding the compensation awarded to the named executive officers and non-management directors in respect of and during the fiscal year ended March 25, 2016, in the proxy statement for the Company’s 2016 annual meeting of stockholders.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Mar. 25, 2016
Accounting Policies [Abstract]
Business New Product Development	Business New Product Development: The Company is sought after by many of its customers to design and manufacture custom connectors. This has created many new products that are innovative designs and employ new technologies. The Company continues to be successful because of its ability to assist its customers and create a new design, including engineering drawing packages, in a relatively short period of time. We will continue to support our customers to the best of our ability. The circular product line of connectors introduced several years ago for the medical industry continues to be very rewarding for the Company. The line has been expanded to include connector cable assemblies utilizing the circular connectors. A new product line featuring high density connectors is being added to the Company’s product offering. This offering should be available within the next few months. The Company expects the new product line to bring additional revenue. The standard printed circuit board connectors we produce are continually being expanded and utilized in many of the military programs being built today. We have recently received approval for additional products that we can offer under the Military Qualified Product Listing “QPL.”
Accounting Period	Accounting Period: The Company maintains an accounting period based upon a 52-53 week year, which ends on the nearest Friday in business days to March 31 st
Revenue Recognition	Revenue Recognition: Revenues are recognized at the shipping date of the Company's products. The Company has historically adopted the shipping terms that title to merchandise passes to the customer at the shipping point (FOB Shipping Point). At this juncture, title has passed, the Company has recognized the sale, inventory has been relieved, and the customer has been invoiced. The Company does not offer any discounts, credits or other sales incentives. The Company’s policy with respect to customer returns and allowances as well as product warranty is as follows: The Company will accept a return of a defective product within one year from shipment for repair or replacement at the Company’s option. If the product is repairable, the Company at its own cost will repair and return to the customer. If unrepairable, the Company will either offer an allowance against payment or will reimburse the customer for the total cost of the defective product. Most of the Company’s products are custom ordered by customers for a specific use. The Company provides engineering services as part of the relationship with its customers in developing the custom product. The Company is not obligated to provide such engineering service to its customers. The Company does not charge its customers separately for these services.
Inventories	Inventories: Inventories are stated at cost, on a first-in, first-out basis, which does not exceed market value. The Company manufactures products pursuant to specific technical and contractual requirements. The Company historically purchases material in excess of its requirements to avail itself of The Company annually reviews its purchase and usage activity of its inventory of parts as well as work in process and finished goods to determine which items of inventory have become obsolete within the framework of current and anticipated orders. The Company based upon historical experience has determined that if a part has not been used and purchased or an item of finished goods has not been sold in three years, it is deemed to be obsolete. The Company estimates which materials may be obsolete and which products in work in process or finished goods may be sold at less than cost. A periodic adjustment, based upon historical experience is made to inventory in recognition of this impairment.
Concentration of Credit Risk	Concentration of Credit Risk: Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Under the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law on July 21, 2010, the Federal Deposit Insurance Corporation (FDIC) will permanently insure all accounts maintained with financial institutions up to $250,000 in the aggregate. As of March 25, 2016, the Company had funds on deposit in the amount of $1,753,749 in one financial institution comprised of the following: Non-interest bearing accounts $ 635,956 Interest bearing account 1,117,793 $ 1,753,749 The Company has not experienced any losses in such accounts and believes its cash balances are not exposed to any significant risk.
Property, Plant and Equipment	Property, Plant and Equipment: Property, plant and equipment are stated at cost less accumulated depreciation and amortization. The Company provides for depreciation and amortization using the Double Declining Balance method over the estimated useful lives (5-7 years) of the related assets. Maintenance and repair expenditures are charged to operations, and renewals and betterments are capitalized. Items of property, plant and equipment, which are sold, retired or otherwise disposed of, are removed from the asset and accumulated depreciation or amortization account. Any gain or loss thereon is either credited or charged to operations.
Income Taxes	Income Taxes: The Company follows the policy of treating investment tax credits as a reduction in the provision for federal income tax in the year in which the credit arises or may be utilized. Deferred income taxes arise from temporary differences resulting from different depreciation methods used for financial and income tax purposes. The Company has adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes which includes the provisions of Statement of Financial Accounting Standards (SFAS) No. 109, “Accounting for Income Taxes”.
Net Income Per Share	Net Income Per Share: The Company has adopted the provisions of ASC Topic 260, Earnings Per Share which includes the provisions of SFAS No. 128, “Earnings Per Share,” which requires the disclosure of “basic” and “diluted” earnings (loss) per share. Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during each period. Diluted earnings per share is similar to basic earnings per share except that the weighted average number of common shares outstanding is increased to reflect the dilutive effect of potential common shares, such as those issuable upon the exercise of stock or warrants, as if they had been issued. For the years ended March 25, 2016 and March 27, 2015, respectively, there were no items of potential dilution that would impact on the computation of diluted earnings or loss per share.
Fair Value of Financial Instruments	Fair Value of Financial Instruments: The carrying value of the Company’s financial instruments, consisting of accounts receivable, accounts payable, and borrowings, approximate their fair value due to the relatively short maturity (three months) of these instruments.
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities at the date of the financial statements. Actual amounts could differ from those estimates.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets: The Company has adopted the provisions of ASC Topic 360, Property, Plant and Equipment-Impairment or Disposal of Long Lived Assets which includes the provisions of SFAS No. 144, “Accounting For The Impairment of Long-Lived Assets And Long-Lived Assets To Be Disposed Of”, and requires that long-lived assets and certain identifiable intangibles to be held and used by an entity be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company has adopted SFAS No. 144. There were no long-lived asset impairments recognized by the Company for the years ended March 25, 2016 and March 27, 2015, respectively.
Reporting Comprehensive Income	Reporting Comprehensive Income: The Company has adopted the provisions of ASC Topic 220, Comprehensive Income which includes the provisions of SFAS No. 130, “Reporting Comprehensive Income.” This Statement established standards for reporting and display of comprehensive income and its components (revenues, expenses, gains and losses) in an entity’s financial statements. This Statement requires an entity to classify items of other comprehensive income by their nature in a financial statement and display the accumulated balance of other comprehensive income separately from retained earnings and additional paid-in capital in the equity section of a statement of financial position. There were no material items of comprehensive income to report for the years ended March 25, 2016 and March 27, 2015.
Segment Information	Segment Information: The Company has adopted the provisions of ASC Topic 280, Segment Reporting which includes the Provisions of SFAS No. 131, “Disclosures About Segment of An Enterprise and Related Information.” This Statement requires public enterprises to report financial and descriptive information about its reportable operating segments and establishes standards for related disclosures about product and services, geographic areas, and major customers. The adoption of ASC Topic 280 did not affect the Company’s presentation of its results of operations or financial position.
Research and Development	Research and Development: The Company provides personalized engineering services to its customers by designing connectors for specific customer applications. The employment of electromechanical engineers is the anticipated cornerstone of the Company’s future growth. The Company maintains a testing laboratory where its engineers experiment with new connector designs based on changes in technology and in an attempt to create innovative, more efficient connector designs. The Company did not expend any funds on, nor receive any revenues related to, customer sponsored research and development activities relating to the development of new designs, techniques and the improvement of existing designs during the years ended March 25, 2016 and March 27, 2015, respectively.
Effect of New Accounting Pronouncements	Recent Accounting Pronouncements: The Financial Accounting Standards Board (“FASB”) has issued certain accounting standards updates as of March 25, 2016 that will become effective in subsequent periods. The Company believes that none of those updates would have significantly affected the Company’s financial accounting measures or disclosures had they been in effect during the fiscal years ended March 25, 2016 or March 27, 2015, and it does not believe that any of those pronouncements will have a significant impact on the Company’s financial statements at the time that they become effective.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Mar. 25, 2016
Accounting Policies [Abstract]
Schedule of funds on deposit	Non-interest bearing accounts $ 635,956 Interest bearing account 1,117,793 $ 1,753,749

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Mar. 25, 2016
Inventory Disclosure [Abstract]
Schedule of inventories	March 25, March 27, 2016 2015 Raw materials $ 4,844,510 $ 4,752,311 Work in progress 596,371 980,427 Finished goods 1,809,419 1,016,921 $ 7,250,300 $ 6,749,659

PREPAID EXPENSES AND OTHER CU22

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Mar. 25, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses and other current assets	March 25, March 27, 2016 2015 Prepaid insurance $ 22,834 $ 15,791 Prepaid corporate taxes 1,345,459 338,660 Prepaid other 9,575 — $ 1,377,868 $ 354,451

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Mar. 25, 2016
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	March 25, March 27, 2016 2015 Computers $ 394,175 $ 382,698 Leasehold improvements 845,589 830,442 Machinery and equipment 5,767,672 5,520,429 Tools and dies 3,283,953 3,050,384 Furniture and fixture 170,644 170,644 Website development cost 9,050 9,050 10,471,083 9,963,647 Less: accumulated depreciation and amortization (8,603,892 ) (8,272,106 ) $ 1,867,191 $ 1,691,541

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Mar. 25, 2016
Other Liabilities Disclosure [Abstract]
Schedule of other current liabilities	March 25, March 27, 2016 2015 Payroll and vacation accruals $ 560,995 $ 569,725 Sales commissions 50,357 44,844 Insurance 17,014 10,556 Other 2,914 5,000 $ 631,280 $ 630,125

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Mar. 25, 2016
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	March 25, 2016 Current: Federal $ 639,476 State and local 406,379 Total current tax provision 1,045,855 Deferred: Federal 236,519 State and local 150,305 Total deferred tax benefit 386,824 Total provision (benefit) $ 1,432,679
Schedule of components of the Company's deferred taxes	Deferred tax assets: Accounts receivable reserves $ 11,562 Accrued expenses 611,355 Prepaid expenses 1,345,459 1,968,376 Deferred tax liabilities: Depreciation 221,715 Net deferred tax assets before valuation allowance 2,190,091 Valuation allowance (2,190,091 ) Net deferred tax assets $ —
Schedule of reconciliation of the income tax benefit	March 25, 2016 Income tax expense (benefit) – statutory rate 34 % Income tax expenses – state and local, net of federal benefit 12 % Income tax expense (benefit) 46 %

2011 EQUITY INCENTIVE PLAN (Tab

2011 EQUITY INCENTIVE PLAN (Tables)	12 Months Ended
	Mar. 25, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Options Awarded to Officers and Directors	Name Stock Option Grants Michael Offerman 75,000 Robert Knoth 50,000 Allen Gottlieb 5,000 Gerald Chafetz 5,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Mar. 25, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of basic minimum annual rental payments	Fiscal year ending March: 2017 $ 173,180 2018 178,360 2019 183,720 2020 189,200 Thereafter 128,640 $ 853,100

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($)	12 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
Property, Plant and Equipment [Line Items]
Number of days in fiscal period	364 days	364 days
FDIC coverage of deposits	$ 250,000
Commercial Electronic Markets [Member] | Sales Revenue, Net [Member]
Property, Plant and Equipment [Line Items]
Percentage of sales	39.00%
Military Markets [Member] | Sales Revenue, Net [Member]
Property, Plant and Equipment [Line Items]
Percentage of sales	53.00%
Property, Plant and Equipment Other Types [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives of property plant and equipment	5 years
Property, Plant and Equipment Other Types [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives of property plant and equipment	7 years

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Funds on Deposit) (Details) - USD ($)	Mar. 25, 2016	Mar. 27, 2015	Mar. 28, 2014
Cash and Cash Equivalents [Line Items]
Cash	$ 1,753,749	$ 1,721,410	$ 1,733,460
Non-interest bearing accounts [Member]
Cash and Cash Equivalents [Line Items]
Cash	635,956
Interest bearing account [Member]
Cash and Cash Equivalents [Line Items]
Cash	$ 1,117,793

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Mar. 25, 2016	Mar. 27, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 4,844,510	$ 4,752,311
Work in progress	596,371	980,427
Finished goods	1,809,419	1,016,921
Inventories	$ 7,250,300	$ 6,749,659

PREPAID EXPENSES AND OTHER CU31

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Mar. 25, 2016	Mar. 27, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance	$ 22,834	$ 15,791
Prepaid corporate taxes	1,345,459	338,660
Prepaid other	9,575
Prepaid expenses and other current assets	$ 1,377,868	$ 354,451

PROPERTY, PLANT AND EQUIPMENT32

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Mar. 25, 2016	Mar. 27, 2015
Property, Plant and Equipment, Gross	$ 10,471,083	$ 9,963,647
Less: accumulated depreciation and amortization	(8,603,892)	(8,272,106)
PROPERTY, PLANT AND EQUIPMENT, NET	1,867,191	1,691,541
Computers [Member]
Property, Plant and Equipment, Gross	394,175	382,698
Leasehold improvements [Member]
Property, Plant and Equipment, Gross	845,589	830,442
Machinery and equipment [Member]
Property, Plant and Equipment, Gross	5,767,672	5,520,429
Tools and dies [Member]
Property, Plant and Equipment, Gross	3,283,953	3,050,384
Furniture and fixture [Member]
Property, Plant and Equipment, Gross	170,644	170,644
Website development cost [Member]
Property, Plant and Equipment, Gross	$ 9,050	$ 9,050

ACCOUNTS RECEIVABLE FINANCING (

ACCOUNTS RECEIVABLE FINANCING (Narrative) (Details) - USD ($)	12 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
Short-term Debt [Line Items]
Excess payments to the Factor	$ 186,114	$ 43,041
Accounts Receivable Financing Agreement [Member]
Short-term Debt [Line Items]
Financing agreement - percentage of eligible receivables that may be borrowed	80.00%
Interest rate above JPMC rate, ceiling	2.50%
Interest rate floor	12.00%
Financing agreement term (years)	1 year
Financing agreement notice (days)	60 days
Excess payments to the Factor	$ 186,114	$ 43,041

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($)	Mar. 25, 2016	Mar. 27, 2015
Other Liabilities Disclosure [Abstract]
Payroll and vacation accruals	$ 560,995	$ 569,725
Sales commissions	50,357	44,844
Insurance	17,014	10,556
Other	2,914	5,000
Total other current liabilities	$ 631,280	$ 630,125

INCOME TAXES (Provision For Inc

INCOME TAXES (Provision For Income Taxes) (Details) - USD ($)	12 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
Current:
Federal	$ 639,476
State and local	406,379
Total current tax provision	1,045,855
Deferred:
Federal	236,519
State and local	150,305
Total deferred tax benefit	386,824
Total provision (benefit)	$ 1,432,679	$ 1,312,940

INCOME TAXES (Components of Def

INCOME TAXES (Components of Deferred Taxes) (Details)	Mar. 25, 2016USD ($)
Deferred tax assets:
Accounts receivable reserves	$ 11,562
Accrued expenses	611,355
Prepaid expenses	1,345,459
Gross deferred tax assets	1,968,376
Deferred tax liabilities:
Depreciation	221,715
Net deferred tax assets before valuation allowance	2,190,091
Valuation allowance	(2,190,091)
Net deferred tax assets

INCOME TAXES (Reconciliation of

INCOME TAXES (Reconciliation of Tax Rate) (Details)	12 Months Ended
	Mar. 25, 2016
Income Tax Disclosure [Abstract]
Income tax expense (benefit) - statutory rate	34.00%
Income tax expenses - state and local, net of federal benefit	12.00%
Income tax expense (benefit)	46.00%

CHANGES IN STOCKHOLDERS' EQUI38

CHANGES IN STOCKHOLDERS' EQUITY (Details) - USD ($)	12 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
Equity [Abstract]
Net income	$ 1,690,110	$ 1,809,555

2011 EQUITY INCENTIVE PLAN (Nar

2011 EQUITY INCENTIVE PLAN (Narrative) (Details) - USD ($)	Jul. 01, 2015	Mar. 25, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Stock Options and Restricted Stock Awards authorized under 2011 Equity Incentive Plan		750,000
Incentive stock options, granted to shareholder holdings (percent)		10.00%
Incentive stock options, exercise price as compared to fair market value (percent) to majority shareholder		110.00%
Expiration period from grant date	10 years	10 years
FMV of shares subject to options granted to participants and designated as incentive stock options, maximum amount		$ 100,000

2011 EQUITY INCENTIVE PLAN (Gra

2011 EQUITY INCENTIVE PLAN (Grants Under Plan) (Details) - $ / shares	Jul. 01, 2015	Mar. 25, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	245,000
Expiration period from grant date	10 years	10 years
Incentive stock options, exercise price as compared to fair market value (percent) to majority shareholder		110.00%
Incentive stock options, granted to shareholder holdings (percent)		10.00%
Exercise price	$ 6
Four non-executive officer key employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	110,000
Expiration period from grant date	10 years
Exercise price	$ 6
Michael Offerman [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	75,000
Expiration period from grant date	10 years
Incentive stock options, exercise price as compared to fair market value (percent) to majority shareholder	110.00%
Incentive stock options, granted to shareholder holdings (percent)	10.00%
Robert Knoth [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	50,000
Expiration period from grant date	10 years
Exercise price	$ 6
Gerald Chafetz [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	5,000
Expiration period from grant date	10 years
Exercise price	$ 6
Allen Gottlieb [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	5,000
Expiration period from grant date	10 years
Exercise price	$ 6

CASH BONUS PLAN (Narrative) (De

CASH BONUS PLAN (Narrative) (Details) - USD ($)	12 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
Compensation Related Costs [Abstract]
Cash Bonus Plan, threshold of pre-tax operating profits	$ 150,000
Cash Bonus Plan, contribution tier 1	10.00%
Cash Bonus Plan, contribution tier 2	25.00%
Cash Bonus Plan, contribution	$ 227,700	$ 288,000

COMMITMENTS AND CONTINGENCIES42

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($)	12 Months Ended
	Mar. 25, 2016	Mar. 27, 2015
Commitments and Contingencies Disclosure [Abstract]
Rental expense	$ 162,403	$ 162,840
Pension plan contributions	$ 134,036	$ 122,668

COMMITMENTS AND CONTINGENCIES43

COMMITMENTS AND CONTINGENCIES (Basic Minimum Annual Rentals) (Details)	Mar. 25, 2016USD ($)
Future Minimum Rental Payments
2,017	$ 173,180
2,018	178,360
2,019	183,720
2,020	189,200
Thereafter	128,640
Total	$ 853,100

REVENUES FROM MAJOR CUSTOMERS (

REVENUES FROM MAJOR CUSTOMERS (Narrative) (Details) - Customer Concentration Risk [Member]	12 Months Ended
	Mar. 27, 2016Customers	Mar. 25, 2016USD ($)Customers	Mar. 27, 2015USD ($)Customers
Accounts Receivable [Member]
Concentration risk	46.00%
Number of customers	4
Sales Revenue, Net [Member]
Concentration risk		29.00%	31.00%
Number of customers		5	5
Revenue derived from customers | $		$ 5,569,000	$ 5,082,035
Sales Revenue, Net [Member] | Major Customer One [Member]
Concentration risk		16.00%	16.00%
Sales Revenue, Net [Member] | Major Customer Two [Member]
Concentration risk		16.00%	16.00%