Tel-Instrument Electronics (TIKK) 10-Q 14 Aug 24 2025 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jun. 30, 2024	Aug. 13, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Entity Information [Line Items]
Entity Registrant Name	TEL-INSTRUMENT ELECTRONICS CORP.
Entity Central Index Key	0000096885
Entity File Number	001-31990
Entity Tax Identification Number	22-1441806
Entity Incorporation, State or Country Code	NJ
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	One Branca Road
Entity Address, City or Town	East Rutherford
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07073
Entity Phone Fax Numbers [Line Items]
City Area Code	201
Local Phone Number	933-1600
Entity Listings [Line Items]
Title of 12(b) Security	N/A
No Trading Symbol Flag	true
Entity Common Stock, Shares Outstanding		3,255,887

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Current assets:
Cash	$ 149,550	$ 132,013
Accounts receivable, net	1,763,680	1,110,548
Inventories, net	5,208,229	5,411,644
Prepaid expenses and other current assets	213,024	214,161
Total current assets	7,334,483	6,868,366
Equipment and leasehold improvements, net	64,165	73,195
Operating lease right-of-use assets	1,272,700	1,324,463
Deferred tax asset, net	2,439,427	2,450,657
Other long-term assets	35,109	35,109
Total assets	11,145,884	10,751,790
Current liabilities:
Accounts payable	1,242,906	1,276,935
Accrued expenses ‐vacation pay, payroll and payroll withholdings	265,948	248,713
Deferred revenues - current portion	57,778	72,803
Operating lease liabilities – current portion	204,064	210,111
Accrued expenses - other	179,748	120,027
Line of credit	1,000,000	690,000
Promissory notes – related parties	80,500	0
Total current liabilities	3,030,944	2,618,589
Operating lease liabilities – long-term	1,068,636	1,114,352
Other long term liabilities	43,524	45,501
Deferred revenues – long-term	104,963	119,721
Total liabilities	4,248,067	3,898,163
Commitments and contingencies	0	0
Stockholders’ equity:
Common stock, 7,000,000 shares authorized, par value $0.10 per share, 3,255,887 and 3,255,887 shares issued and outstanding, respectively	325,586	325,586
Additional paid-in capital	6,286,607	6,379,085
Accumulated deficit	(5,964,710)	(6,006,958)
Total stockholders’ equity	6,897,817	6,853,627
Total liabilities and stockholders’ equity	11,145,884	10,751,790
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred stock	4,175,998	4,115,998
Series B Preferred Stock [Member]
Stockholders’ equity:
Preferred stock	1,732,701	1,704,701
Series C Preferred Stock [Member]
Stockholders’ equity:
Preferred stock	$ 341,635	$ 335,215

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Common stock, par value (in Dollars per share)	$ 0.1	$ 0.1
Common stock, shares issued	3,255,887	3,255,887
Common stock, shares outstanding	3,255,887	3,255,887
Common stock, shares authorized	7,000,000	7,000,000
Series A Preferred Stock [Member]
Preferred stock, par value (in Dollars per share)	$ 0.1	$ 0.1
Preferred stock, shares issued	500,000	500,000
Preferred stock, shares outstanding	500,000	500,000
Preferred stock, Cumulative Series Convertible Preferred	8%	8%
Preferred stock, shares authorized	500,000	500,000
Series B Preferred Stock [Member]
Preferred stock, par value (in Dollars per share)	$ 0.1	$ 0.1
Preferred stock, shares issued	233,334	233,334
Preferred stock, shares outstanding	233,334	233,334
Preferred stock, Cumulative Series Convertible Preferred	8%	8%
Preferred stock, shares authorized	320,000	320,000
Series C Preferred Stock [Member]
Preferred stock, par value (in Dollars per share)	$ 0.1	$ 0.1
Preferred stock, shares issued	53,500	53,500
Preferred stock, shares outstanding	53,500	53,500
Preferred stock, Cumulative Series Convertible Preferred	8%	8%
Preferred stock, shares authorized	166,667	166,667

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net sales	$ 2,842,176	$ 2,866,929
Cost of sales	2,096,274	1,572,380
Gross margin	745,902	1,294,549
Operating expenses:
Selling, general and administrative	542,340	584,858
Engineering, research, and development	131,638	289,441
Total operating expenses	673,978	874,299
Income from operations	71,924	420,250
Other (expense) income:
Interest income	11	39,289
Interest expense – other	(18,457)	(13,455)
Interest expense – judgement	0	(70,245)
Total other net expense	(18,446)	(44,411)
Income before income taxes	53,478	375,839
Income tax expense	11,230	80,547
Net income	42,248	295,292
Preferred dividends	(94,420)	(80,000)
Net income (loss) attributable to common shareholders	$ (52,172)	$ 215,292
Basic net (loss) income per common share (in Dollars per share)	$ (0.02)	$ 0.07
Diluted net (loss) income per common share (in Dollars per share)	$ (0.02)	$ 0.06
Weighted average shares outstanding:
Basic (in Shares)	3,255,887	3,255,887
Diluted (in Shares)	3,255,887	5,215,665

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Preferred Stock [Member] Series A Preferred Stock [Member]	Preferred Stock [Member] Series B Preferred Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances at at Mar. 31, 2023	$ 3,875,998	$ 1,207,367		$ 325,586	$ 6,721,535	$ (6,348,849)	$ 5,781,637
Balances at (in Shares) at Mar. 31, 2023	500,000	166,667		3,255,887
8% Dividends on Preferred Stock	$ 60,000	$ 20,000			(80,000)		80,000
Stock-based compensation					3,269		3,269
Net income						295,292	295,292
Balances at at Jun. 30, 2023	$ 3,935,998	$ 1,227,367		$ 325,586	6,644,804	(6,053,557)	6,080,198
Balances at (in Shares) at Jun. 30, 2023	500,000	166,667		3,255,887
Balances at at Mar. 31, 2024	$ 4,115,998	$ 1,704,701	$ 335,215	$ 325,586	6,379,085	(6,006,958)	6,853,627
Balances at (in Shares) at Mar. 31, 2024	500,000	233,334	53,500	3,255,887
8% Dividends on Preferred Stock	$ 60,000	$ 28,000	$ 6,420		(94,420)		94,420
Stock-based compensation					1,942		1,942
Net income						42,248	42,248
Balances at at Jun. 30, 2024	$ 4,175,998	$ 1,732,701	$ 341,635	$ 325,586	$ 6,286,607	$ (5,964,710)	$ 6,897,817
Balances at (in Shares) at Jun. 30, 2024	500,000	233,334	53,500	3,255,887

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parentheticals)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Additional Paid-in Capital [Member]
Dividends on Preferred Stock	8%	8%

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Cash flows from operating activities:
Net income	$ 42,248	$ 295,292
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Deferred income taxes	11,230	80,547
Depreciation and amortization	9,030	12,274	$ 45,823
Amortization of right of use assets	51,763	49,786
Provision for inventory obsolescence	4,127	1,004
Non-cash stock-based compensation	1,942	3,269
Changes in assets and liabilities:
Increase in accounts receivable	(653,132)	(336,663)
Decrease (increase) in inventories	199,288	(21,600)
Decrease in prepaid expenses and other current assets	1,137	573,177
Decrease in accounts payable	(34,029)	(9,360)
Increase in accrued payroll, vacation pay and payroll taxes	17,235	64,416
Decrease in deferred revenues	(29,783)	(32,501)
Decrease in operating lease liabilities	(51,763)	(49,786)
Decrease in other long term liabilities	(1,977)	(1,978)
Increase in accrued expenses - other	59,721	8,150
Increase in accrued legal damages	0	70,245
Net cash (used) provided by operating activities	(372,963)	706,272
Cash flows from investing activities:
Purchases of equipment	0	(13,983)
Net cash used in investing activities	0	(13,983)
Cash flows from financing activities:
Draw from line of credit	310,000	0
Proceeds from promissory notes-related parties	80,500	0
Net cash provided by financing activities	390,500	0
Net increase in cash and restricted cash	17,537	692,289
	132,013	5,850,481	5,850,481
Supplemental cash flow information:
Taxes paid	0	0
Interest paid	17,869	13,455
	149,550	6,542,770	132,013
Beginning of period
Cash	132,013	3,839,398	3,839,398
Restricted cash	0	2,011,083	2,011,083
End of period
Cash	149,550	4,531,637	132,013
Restricted cash	$ 0	$ 2,011,133	$ 0

Business, Organization and Liqu

Business, Organization and Liquidity	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting [Text Block]	Note 1 Business, Organization and Liquidity Business and Organization Tel-Instrument Electronics Corp. (“Tel,” “TIC” or the “Company”) has been in business since 1947. The Company is a leading designer and manufacturer of avionics test and measurement instruments for the global, commercial air transport, general aviation, and government/military defense markets. Tel provides instruments to test, measure, calibrate, and repair a wide range of airborne navigation and communication equipment. The Company sells its equipment in both domestic and international markets. Tel continues to develop new products in anticipation of customers’ needs and to maintain its strong market position. Its development of multi-function testers has made it easier for customers to perform ramp tests with less operator training, fewer test sets, and lower product support costs. The Company has become a major manufacturer and supplier of Identification Friend or Foe (“IFF”) flight line test equipment over the last two decades. The Company is publicly traded and was quoted on the Over-the-Counter Market Place (“OTCQB”) under the symbol “TIKK.” Liquidity On June 30, 2024, the Company had positive working capital of $4,303,539 as compared to working capital of $4,249,777 on March 31, 2024. This included $149,550 of cash on hand and $1.8 million of accounts receivable. The Company had a $7 million sales backlog on June 30, 2024. On April 1, 2023, Bank of America further extended the maturity date of our line of credit from June 30, 2024 to July 31, 2024. Bank of America has extended the line of credit while in process of formally renewing the line of credit for an additional period. Additionally, the line of credit available was increased from $690,000 to $1,000,000. The line of credit was fully drawn upon for $1,000,000 on June 30, 2024. The Company repaid $75,000 of this line of credit in July 2024. During June 2024, the Company’s CEO provided short term advances totaling $105,500. During July 2024, an additional $40,000 was provided in short term advances of which $25,000 was repaid during July 2024, with a balance owed as of August 13, 2024 of $120,500. The Company believes it has sufficient cash on hand and expected cash flow from operations for the next twelve months due to the increase in business and the opportunities we have included in our projections. Revenues and profits are expected to improve in fiscal year 2025 due to the success of our SDR-OMNI product and the commencement of CRAFT ECP production. Based on the foregoing, we believe that our expected cash flows from operations, and fulfillment of our $7 million open orders will be sufficient to operate in the normal course of business for next 12 months from the issuance date of these unaudited condensed consolidated financial statements. Currently, the Company has no material future capital expenditure requirements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 Summary of Significant Accounting Policies Basis of Presentation In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to present fairly the financial position of Tel-Instrument Electronics Corp. as of June 30, 2024, the results of operations, change in stockholders’ equity and statements of cash flow for the three months ended June 30, 2024 and June 30, 2023. These results are not necessarily indicative of the results to be expected for the full year. The unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of Form 10-Q and consequently do not include disclosures normally made in an Annual Report on Form 10-K. The March 31, 2024 balance sheet included herein was derived from the audited financial statements included in the Company’s Annual Report on Form 10-K as of that date. Accordingly, the unaudited condensed consolidated financial statements included herein should be reviewed in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, as filed with the United States Securities and Exchange Commission (the “SEC”) on June 28, 2024 (the “Annual Report”). Revenue Recognition Under Financial Accounting Standards Board (“FASB”) Topic 606, Revenue from Contacts with Customers The Company accounts for revenue recognition in accordance with ASC 606.The core principle of Topic 606 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The ASC 606 defines a five-step process to achieve the core principle and, in doing so, it is possible more judgement and estimates may be required within the revenue recognition process than are currently in use. The Company generates revenue from designing, manufacturing, and selling avionic tests and measurement solutions for the global commercial air transport, general aviation, and government/military aerospace and defense markets. The Company also offers calibration and repair services for a wide range of airborne navigation and communication equipment. Nature of goods and services The following is a description of the products and services from which the Company generates revenue, as well as the nature, timing of satisfaction of performance obligations, and significant payment terms for each. Test Units/Sets The Company develops and manufactures unit sets to test navigation and communication equipment, such as ramp testers and bench testers for equipment installed in aircraft and ground radios. The Company recognizes revenue when the customer obtains control of the Company’s product based on the contractual shipping terms of the contract, which is usually at the time of shipment. Revenue on products is presented gross because the Company is primarily responsible for fulfilling the promise to provide the product, is responsible to ensure that the product is produced in accordance with the related supply agreement and bears the risk of loss while the inventory is in-transit. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products to the customer. If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price based on the estimated relative standalone selling prices of the promised products or services underlying each performance obligation. The Company determines stand-alone selling prices based on the price at which the performance obligation is sold separately. If the stand-alone selling price is not observable through past transactions, the Company estimates the standalone selling price considering available information such as market conditions and internally approved pricing guidelines related to the performance obligations. When determining the transaction price of a contract, an adjustment is made if payment from the customer occurs either significantly before or significantly after performance, resulting in a significant financing component. Applying the practical expedient in paragraph 606-10-32-18, the Company does not assess whether a significant financing component exists if the period between when the Company performs its obligations under the contract and when the customer pays is one year or less. None of the Company’s contracts contained a significant financing component as of June 30, 2024. Replacement Parts The Company offers replacement parts for test equipment, ramp testers, and bench testers. Similar to the sale of test units, the control of the product transfers at a point of time and therefore, revenue is recognized at the point in time when the obligation to the customer has been fulfilled. Extended Warranties The extended warranties sold by the Company provide a level of assurance beyond the coverage for defects that existed at the time of a sale or against certain types of covered damage with coverage terms ranging from 2 to 7 years. Amounts received for warranties are recorded as deferred revenue and recognized as revenue ratably over the respective term of the agreements. As of June 30, 2024, $162,741 is expected to be recognized from remaining performance obligations for extended warranties as compared to $179,422 at March 31, 2024. For the three months ended June 30, 2024, the Company recognized revenue from extended warranties of $16,681 from amounts that were included in Deferred Revenue as compared to $34,006 of extended warranties from amounts that were included in Deferred Revenue for the three months ended June 30, 2023. The following table provides a summary of the changes in deferred revenues for the three months ended June 30, 2024: Deferred revenues at April 1, 2024 $ 179,422 Revenue recognized for the three months ended June 30, 2024 (16,681 ) Deferred revenues at June 30, 2024 $ 162,741 Repair and Calibration Services The Company offers repair and calibration services for units that are returned for annual calibrations and/or for repairs after the warranty period has expired. The Company repairs and calibrates a wide range of airborne navigation and communication equipment. Revenue is recognized at the time the repaired or calibrated unit is shipped back to the customer, as it is at this time that the work is completed. Other The majority of the Company’s revenues are from contracts with the U.S. government, airlines, aircraft manufacturers, domestic distributors, international distributors for sales to military and commercial customers, and other commercial customers. The contracts with the U.S. government typically are subject to the Federal Acquisition Regulation (“FAR”) which provides guidance on the types of costs that are allowable in establishing prices for goods and services provided under U.S. government contracts. Payment terms and conditions vary by contract, although terms generally include a requirement of payment within a range from 30 to 60 days, or in certain cases, up-front deposits. In circumstances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined that the Company's contracts generally do not include a significant financing component. Payments received prior to the delivery of units or services performed are recorded as deferred revenues. The Company applied the practical expedient to account for shipping and handling activities as fulfillment cost rather than as a separate performance obligation. Shipping and handling costs charged to customers are classified as sales, and the shipping and handling costs incurred are included in cost of sales. All sales are denominated in U.S. dollars. The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. The Company chose to apply the available practical expedient as commission eligible sales orders are fulfilled within less than one year and commissions are generally paid by the Company within 30 days of the related sales order fulfillment. Disaggregation of revenue In the following tables, revenue is disaggregated by revenue category. For the Three Months Ended June 30, 2024 Commercial Government Sales Distribution Test Units & Engineering $ 186,702 $ 2,374,860 $ 186,702 $ 2,374,860 The remainder of our revenues for the three months ended June 30, 2024, are derived from repairs and calibration of $221,581, replacement parts of $41,846, extended warranties of $16,681 and other net revenues of $506. We do not disaggregate these revenue streams as they are not deemed an important element related to how management operates the business between segments. For the Three Months Ended June 30, 2023 Commercial Government Sales Distribution Test Units & Engineering $ 408,959 $ 1,977,812 $ 408,959 $ 1,977,812 The remainder of our revenues for the three months ended June 30, 2023, are derived from repairs and calibration of $342,051, replacement parts of $97,297, extended warranties of $34,006 and other revenues of $6,804. We do not disaggregate these revenue streams as they are not deemed an important element related to how management operates the business between segments. In the following table, revenue is disaggregated by geography. For the Three Months Ended June 30, 2024 For the Three Months Ended June 30, 2023 Geography United States $ 2,569,844 $ 2,263,829 International 272,332 603,100 Total $ 2,842,176 $ 2,866,929 For the three months ended June 30, 2024, two customers accounted for sales of 46% and 12%, respectively. For the three months ended June 30, 2023, two customers accounted for sales of 36%, and 12%, respectively. The Company, in addition to inside sales efforts, utilizes independent sales agents to sell its products to customers. A related party independent sales agent earned $10,026 in commissions for the three months ended June 30, 2024. The sales agent earned $9,000 for sales and marketing assistance for the three ended June 30, 2024. The same related party independent sales agent earned $1,600 in commissions for the three months ended June 30, 2023. The sales agent earned $9,000 for sales and marketing assistance for the three months ended June 30, 2023. Long-Lived Assets The Company assesses the recoverability of the carrying value of its long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future, undiscounted cash flows expected to be generated by an asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. No impairment losses have been recognized for the three months ended June 30, 2024 and 2023. New Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07 “Segment Reporting: Improvements to Reportable Segment Disclosures”. This guidance expands public entities ‘segment disclosures primarily by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. Public entities with a single reportable segment are required to provide the new disclosures and all the disclosures required under ASC 280. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments are required to be applied retrospectively to all prior periods presented in an entity’s financial statements. We are currently evaluating this guidance to determine the impact it may have on our consolidated financial statements related disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, No other recently issued accounting pronouncements had or are expected to have a material impact on the Company’s unaudited condensed consolidated financial statements.

Accounts Receivable, net

Accounts Receivable, net	3 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 3 Accounts Receivable, net The following table sets forth the components of accounts receivable: June 30, 2024 March 31, 2024 Government $ 1,636,977 $ 933,249 Commercial 135,273 185,869 Less: Allowance for credit losses (8,570 ) (8,570 ) $ 1,763,680 $ 1,110,548

Inventories, net

Inventories, net	3 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 4 Inventories, net Inventories consist of: June 30, 2024 March 31, 2024 Purchased parts $ 2,896,263 $ 2,835,120 Work-in-process 2,624,754 2,912,737 Finished Goods 76,181 48,630 Less: Inventory reserve (388,969 ) (384,843 ) $ 5,208,229 $ 5,411,644

Prepaid expenses and other curr

Prepaid expenses and other current assets	3 Months Ended
	Jun. 30, 2024
Disclosure Text Block Supplement [Abstract]
Other Current Assets [Text Block]	Note 5 Prepaid expenses and other current assets Prepaid expenses and other current assets consist of: June 30, 2024 March 31, 2024 Prepaid expenses $ 185,094 $ 186,231 Deferred charges 27,719 27,719 Other receivables 211 211 $ 213,024 $ 214,161

Equipment and Leasehold Improve

Equipment and Leasehold Improvements	3 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 6 Equipment and Leasehold Improvements Equipment and leasehold improvements consist of the following: June 30, 2024 March 31, 2024 Leasehold improvements $ 127,655 $ 127,655 Machinery and equipment 1,931,831 1,931,831 Automobiles 23,712 23,712 Sales equipment 590,365 590,365 Assets under finance leases 637,189 637,189 Less: Accumulated depreciation & amortization (3,246,587 ) (3,237,557 ) $ 64,165 $ 73,195 Depreciation and amortization expense related to the assets above for June 30, 2024 was $9,030 and March 31, 2024 was $45,823.

Line of Credit

Line of Credit	3 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 7 Line of Credit The Company has a line of credit with Bank of America with open availability up to $1,000,000 as of June 30, 2024, with monthly payments of interest only. The borrowing base calculation is tied to accounts receivable collateralized by substantially all of the assets of the Company. As of June 30, 2024, and March 31, 2024, the outstanding balances were $1,000,000 and $690,000, respectively. The interest rate on June 30, 2024, was 9.55%. On April 1, 2024 Bank of America extended the Company line of credit with a maturity date of July 31, 2024, in addition the line of credit cash limit amount was increased from $690,000 to $1,000,000. The renewal of the line of credit is in process by Bank of America. Under the amendment, interest on any outstanding balance is payable monthly at an annual interest rate equal to the Bank’s Prime Rate plus 1.05 percentage points and no less than 3.25%. The “Prime Rate” is the rate of interest publicly announced from time to time by the Bank as its Prime Rate. The Prime Rate is set by the Bank based on various factors, including the Bank’s costs and desired return, general economic conditions, and other factors, and is used as a reference point for pricing loans.

Right of Use Assets and Operati

Right of Use Assets and Operating Lease Liability	3 Months Ended
	Jun. 30, 2024
Disclosure Text Block [Abstract]
Lessee, Operating Leases [Text Block]	Note 8 Right of Use Assets and Operating Lease Liability The Company leases its facility in East Rutherford, NJ with monthly payments of $21,237 until August 2025. Thereafter, monthly payments are $23,083 for the balance of the 8 year lease agreement expiring August 2029. The Company's leases generally do not provide an implicit rate, and therefore the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of a lease. The Company estimated its incremental borrowing rate based on its credit quality, line of credit agreement and by comparing interest rates available in the market for similar borrowings. The Company used a discount rate of 3.90% for both June 30, 2024 and March 31,2024. The weighted average remaining lease term is 5.17 years. Right to use assets is summarized below: June 30, 2024 March 31, 2024 Right to use asset $ 1,830,857 $ 1,830,857 Less: Accumulated amortization (558,157 ) (506,394 ) Right to use assets, net $ 1,272,700 $ 1,324,463 The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under non-cancelable operating leases with terms of more than one year to the total lease liabilities recognized on the unaudited condensed consolidated balance sheet as of June 30, 2024: Remaining payments in fiscal 2025 $ 191,130 2026 267,767 2027 277,000 2028 277,000 2029 277,000 Thereafter 115,416 Total undiscounted future minimum lease payments 1,405,313 Less: Difference between undiscounted lease payments and discounted lease liabilities (132,613 ) Present value of net minimum lease payments 1,272,700 Less current portion (204,064 ) Operating lease liabilities – long-term $ 1,068,636 Total rent expense for the three months ended June 30, 2024 was $91,777, as compared to $102,811 for the three months ended June 30, 2023.

Stock Options Plans

Stock Options Plans	3 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Payment Arrangement [Text Block]	Note 9 Stock Options Plans The Board of Directors (the “Board”) adopted on January 18, 2017, and ratified by the shareholders at the Annual Meeting on January 18, 2017, the Company’s 2016 Stock Option Plan (the “Plan”). The Plan provides for the granting of incentive stock options, by a committee to be appointed by the Board (both the Board and the Committee are referred to herein as the “Committee”) to directors, officers, and employees (excluding directors and officers who are not employees) to purchase shares of the Common Stock of the Company, par value $0.10 per share (the “Stock”), in accordance with the terms and provisions. The 2016 Plan reserves for issuance, options to purchase up to 250,000 shares of its common stock. Options granted under the plan are exercisable up to a period of five years from the date of grant at an exercise price which is not less than the fair market value of the common stock at the date of grant, except to a shareholder owning 10% or more of the outstanding common stock of the Company, as to which the exercise price must be not less than 110% of the fair market value of the common stock at the date of grant. Options are exercisable on a cumulative basis, 20% at or after each of the first, second, and third anniversary of the grant and 40% after the fourth year anniversary. A summary of the status of the Company’s stock option plans for the fiscal year ended March 31, 2024, and year to date June 30, 2024, and changes during the year are presented below (in number of options): Number of Options Average Exercise Price Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding options at April 1, 2024 99,000 $ 3.13 0.78 years $ - Options granted - $ - Options exercised - $ - Options canceled/forfeited (66,000 ) $ 3.19 Outstanding options at June 30, 2024 33,000 $ 3.02 1.89 years $ - Vested options at June 30, 2024 16,200 $ 3.03 1.8 years $ - Remaining options available for grant were 217,000 as of June 30, 2024. It is anticipated that additional stock options will be awarded to key employees in the second quarter of the current fiscal year. At June 30, 2024, the unamortized compensation expense for stock options was $6,622. Unamortized compensation expense is expected to be recognized over a weighted-average period of approximately 2.7 years. For the three months ended June 30, 2024, the Company recorded stock compensation costs of $1,942 as compared to $3,269 for the three months ended June 30, 2023.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 10 Income Taxes FASB ASC 740-10, “Accounting for Uncertainty in Income Taxes” (“ASC 740-10”) prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company has analyzed filing positions in all of the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. The Company does not have any unrecognized tax benefits. The tax effect of temporary differences, primarily net operating loss carryforwards, asset reserves and accrued liabilities, gave rise to the Company’s deferred tax asset. Deferred income taxes are recognized for the tax consequence of such temporary differences at the enacted tax rate expected to be in effect when the differences reverse. The Company had approximately $2.4 million in deferred tax assets at June 30, 2024 and approximately $2.5 million in deferred tax assets at March 31, 2024. The Company recognizes the impact of an uncertain income tax position taken on its income tax return at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. The net income was $42,248 for the three months ended June 30, 2024.

Net Income (Loss) per Share

Net Income (Loss) per Share	3 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 11 Net Income (Loss) per Share Net income (loss) per share has been computed according to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 260”), “Earnings per Share,” which requires a dual presentation of basic and diluted income per share (“EPS”). Basic EPS represents net income (loss) divided by the weighted average number of common shares outstanding during a reporting period. Diluted EPS to common stockholders reflects the potential dilution that could occur if securities, including preferred stock and options, were converted into common stock. The dilutive effect of outstanding options is reflected in earnings per share by use of the treasury stock method. The dilutive effect of preferred stock is reflected in earnings per share by use of the if-converted method. In applying the treasury stock method for stock-based compensation arrangements, the assumed proceeds are computed as the sum of the amount the employee must pay upon exercise and the amounts of average unrecognized compensation. For the three months ended June 30, 2024, since the Company has a net loss attributable to common shareholders, the effect of common stock equivalents is anti-dilutive, and as such, common stock equivalents have been excluded from this calculation. Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Basic net income (loss) per share computation: Net income $ 42,248 $ 295,292 Less: Preferred dividends (94,420 ) (80,000 ) Net income (loss) attributable to common shareholders (52,172 ) 215,292 Weighted-average common shares outstanding 3,255,887 3,255,887 Basic net income (loss) per share $ (0.02 ) $ 0.07 Diluted net income (loss) per share computation Net income (loss) attributable to common shareholders $ (52,172 ) $ 215,292 Add: Preferred dividends - 80,000 Diluted net income (loss) attributable to common shareholders $ (52,172 ) $ 295,292 Weighted-average common shares outstanding 3,255,887 3,255,887 Incremental shares attributable to the assumed conversion of preferred stock - 1,959,778 Total adjusted weighted-average shares 3,255,887 5,215,665 Diluted net income (loss) per share $ (0.02 ) $ 0.06 The following table summarizes securities that, if exercised, would have an anti-dilutive effect on earnings per share for the three months ended: June 30, 2024 June 30, 2023 Convertible preferred stock 2,663,109 - Stock options 33,000 99,000 2,696,109 99,000

Segment Information

Segment Information	3 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 12 Segment Information In accordance with FASB ASC 280, “Disclosures about Segments of an Enterprise and related information”, the Company determined it has two reportable segments - avionics government and avionics commercial. There are no inter-segment revenues. The Company is organized primarily on the basis of its avionics products. The avionics government segment consists primarily of the design, manufacture, and sale of test equipment to the U.S. and foreign governments and militaries either directly or through distributors. The avionics commercial segment consists of design, manufacture, and sale of test equipment to domestic and foreign airlines, directly or through commercial distributors, and to general aviation repair and maintenance shops. The Company develops and designs test equipment for the avionics industry and as such, the Company’s products and designs cross segments. Management evaluates the performance of its segments and allocates resources to them based on gross margin. The Company’s general and administrative costs and sales and marketing expenses, and engineering costs are not segment specific. As a result, all operating expenses are not managed on a segment basis. Net interest includes expenses on debt and income earned on cash balances, both maintained at the corporate level. The tables below present information about reportable segments within the avionics business for the three months ended June 30, 2024, and 2023: Three Months Ended June 30, 2024 Avionics Government Avionics Commercial Avionics Total Corporate Items Total Net sales $ 2,374,860 $ 467,316 $ 2,842,176 $ - $ 2,842,176 Cost of sales 1,847,674 248,600 2,096,274 - 2,096,274 Gross margin 527,186 218,716 745,902 - 745,902 Total expenses 315,933 376,491 692,424 Income (loss) before income taxes $ 429,969 $ (376,491 ) $ 53,478 Three Months Ended June 30, 2023 Avionics Government Avionics Commercial Avionics Total Corporate Items Total Net sales $ 1,977,812 $ 889,117 $ 2,866,929 $ - $ 2,866,929 Cost of sales 986,038 586,342 1,572,380 - 1,572,380 Gross margin 991,774 302,775 1,294,549 - 1,294,549 Total expenses 479,347 439,363 918,710 Income (loss) before income taxes $ 815,202 $ (439,363 ) $ 375,839

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 42,248	$ 295,292

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to present fairly the financial position of Tel-Instrument Electronics Corp. as of June 30, 2024, the results of operations, change in stockholders’ equity and statements of cash flow for the three months ended June 30, 2024 and June 30, 2023. These results are not necessarily indicative of the results to be expected for the full year. The unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of Form 10-Q and consequently do not include disclosures normally made in an Annual Report on Form 10-K. The March 31, 2024 balance sheet included herein was derived from the audited financial statements included in the Company’s Annual Report on Form 10-K as of that date. Accordingly, the unaudited condensed consolidated financial statements included herein should be reviewed in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, as filed with the United States Securities and Exchange Commission (the “SEC”) on June 28, 2024 (the “Annual Report”).
Revenue [Policy Text Block]	Revenue Recognition Under Financial Accounting Standards Board (“FASB”) Topic 606, Revenue from Contacts with Customers The Company accounts for revenue recognition in accordance with ASC 606.The core principle of Topic 606 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The ASC 606 defines a five-step process to achieve the core principle and, in doing so, it is possible more judgement and estimates may be required within the revenue recognition process than are currently in use. The Company generates revenue from designing, manufacturing, and selling avionic tests and measurement solutions for the global commercial air transport, general aviation, and government/military aerospace and defense markets. The Company also offers calibration and repair services for a wide range of airborne navigation and communication equipment. Nature of goods and services The following is a description of the products and services from which the Company generates revenue, as well as the nature, timing of satisfaction of performance obligations, and significant payment terms for each. Test Units/Sets The Company develops and manufactures unit sets to test navigation and communication equipment, such as ramp testers and bench testers for equipment installed in aircraft and ground radios. The Company recognizes revenue when the customer obtains control of the Company’s product based on the contractual shipping terms of the contract, which is usually at the time of shipment. Revenue on products is presented gross because the Company is primarily responsible for fulfilling the promise to provide the product, is responsible to ensure that the product is produced in accordance with the related supply agreement and bears the risk of loss while the inventory is in-transit. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products to the customer. If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price based on the estimated relative standalone selling prices of the promised products or services underlying each performance obligation. The Company determines stand-alone selling prices based on the price at which the performance obligation is sold separately. If the stand-alone selling price is not observable through past transactions, the Company estimates the standalone selling price considering available information such as market conditions and internally approved pricing guidelines related to the performance obligations. When determining the transaction price of a contract, an adjustment is made if payment from the customer occurs either significantly before or significantly after performance, resulting in a significant financing component. Applying the practical expedient in paragraph 606-10-32-18, the Company does not assess whether a significant financing component exists if the period between when the Company performs its obligations under the contract and when the customer pays is one year or less. None of the Company’s contracts contained a significant financing component as of June 30, 2024. Replacement Parts The Company offers replacement parts for test equipment, ramp testers, and bench testers. Similar to the sale of test units, the control of the product transfers at a point of time and therefore, revenue is recognized at the point in time when the obligation to the customer has been fulfilled. Extended Warranties The extended warranties sold by the Company provide a level of assurance beyond the coverage for defects that existed at the time of a sale or against certain types of covered damage with coverage terms ranging from 2 to 7 years. Amounts received for warranties are recorded as deferred revenue and recognized as revenue ratably over the respective term of the agreements. As of June 30, 2024, $162,741 is expected to be recognized from remaining performance obligations for extended warranties as compared to $179,422 at March 31, 2024. For the three months ended June 30, 2024, the Company recognized revenue from extended warranties of $16,681 from amounts that were included in Deferred Revenue as compared to $34,006 of extended warranties from amounts that were included in Deferred Revenue for the three months ended June 30, 2023. The following table provides a summary of the changes in deferred revenues for the three months ended June 30, 2024: Deferred revenues at April 1, 2024 $ 179,422 Revenue recognized for the three months ended June 30, 2024 (16,681 ) Deferred revenues at June 30, 2024 $ 162,741 Repair and Calibration Services The Company offers repair and calibration services for units that are returned for annual calibrations and/or for repairs after the warranty period has expired. The Company repairs and calibrates a wide range of airborne navigation and communication equipment. Revenue is recognized at the time the repaired or calibrated unit is shipped back to the customer, as it is at this time that the work is completed. Other The majority of the Company’s revenues are from contracts with the U.S. government, airlines, aircraft manufacturers, domestic distributors, international distributors for sales to military and commercial customers, and other commercial customers. The contracts with the U.S. government typically are subject to the Federal Acquisition Regulation (“FAR”) which provides guidance on the types of costs that are allowable in establishing prices for goods and services provided under U.S. government contracts. Payment terms and conditions vary by contract, although terms generally include a requirement of payment within a range from 30 to 60 days, or in certain cases, up-front deposits. In circumstances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined that the Company's contracts generally do not include a significant financing component. Payments received prior to the delivery of units or services performed are recorded as deferred revenues. The Company applied the practical expedient to account for shipping and handling activities as fulfillment cost rather than as a separate performance obligation. Shipping and handling costs charged to customers are classified as sales, and the shipping and handling costs incurred are included in cost of sales. All sales are denominated in U.S. dollars. The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. The Company chose to apply the available practical expedient as commission eligible sales orders are fulfilled within less than one year and commissions are generally paid by the Company within 30 days of the related sales order fulfillment. Disaggregation of revenue In the following tables, revenue is disaggregated by revenue category. For the Three Months Ended June 30, 2024 Commercial Government Sales Distribution Test Units & Engineering $ 186,702 $ 2,374,860 $ 186,702 $ 2,374,860 The remainder of our revenues for the three months ended June 30, 2024, are derived from repairs and calibration of $221,581, replacement parts of $41,846, extended warranties of $16,681 and other net revenues of $506. We do not disaggregate these revenue streams as they are not deemed an important element related to how management operates the business between segments. For the Three Months Ended June 30, 2023 Commercial Government Sales Distribution Test Units & Engineering $ 408,959 $ 1,977,812 $ 408,959 $ 1,977,812 The remainder of our revenues for the three months ended June 30, 2023, are derived from repairs and calibration of $342,051, replacement parts of $97,297, extended warranties of $34,006 and other revenues of $6,804. We do not disaggregate these revenue streams as they are not deemed an important element related to how management operates the business between segments. In the following table, revenue is disaggregated by geography. For the Three Months Ended June 30, 2024 For the Three Months Ended June 30, 2023 Geography United States $ 2,569,844 $ 2,263,829 International 272,332 603,100 Total $ 2,842,176 $ 2,866,929 For the three months ended June 30, 2024, two customers accounted for sales of 46% and 12%, respectively. For the three months ended June 30, 2023, two customers accounted for sales of 36%, and 12%, respectively. The Company, in addition to inside sales efforts, utilizes independent sales agents to sell its products to customers. A related party independent sales agent earned $10,026 in commissions for the three months ended June 30, 2024. The sales agent earned $9,000 for sales and marketing assistance for the three ended June 30, 2024. The same related party independent sales agent earned $1,600 in commissions for the three months ended June 30, 2023. The sales agent earned $9,000 for sales and marketing assistance for the three months ended June 30, 2023.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets The Company assesses the recoverability of the carrying value of its long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future, undiscounted cash flows expected to be generated by an asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. No impairment losses have been recognized for the three months ended June 30, 2024 and 2023.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07 “Segment Reporting: Improvements to Reportable Segment Disclosures”. This guidance expands public entities ‘segment disclosures primarily by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. Public entities with a single reportable segment are required to provide the new disclosures and all the disclosures required under ASC 280. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments are required to be applied retrospectively to all prior periods presented in an entity’s financial statements. We are currently evaluating this guidance to determine the impact it may have on our consolidated financial statements related disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, No other recently issued accounting pronouncements had or are expected to have a material impact on the Company’s unaudited condensed consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	The following table provides a summary of the changes in deferred revenues for the three months ended June 30, 2024: Deferred revenues at April 1, 2024 $ 179,422 Revenue recognized for the three months ended June 30, 2024 (16,681 ) Deferred revenues at June 30, 2024 $ 162,741
Disaggregation of Revenue [Table Text Block]	In the following tables, revenue is disaggregated by revenue category. For the Three Months Ended June 30, 2024 Commercial Government Sales Distribution Test Units & Engineering $ 186,702 $ 2,374,860 $ 186,702 $ 2,374,860 For the Three Months Ended June 30, 2023 Commercial Government Sales Distribution Test Units & Engineering $ 408,959 $ 1,977,812 $ 408,959 $ 1,977,812
Revenue from External Customers by Geographic Areas [Table Text Block]	In the following table, revenue is disaggregated by geography. For the Three Months Ended June 30, 2024 For the Three Months Ended June 30, 2023 Geography United States $ 2,569,844 $ 2,263,829 International 272,332 603,100 Total $ 2,842,176 $ 2,866,929

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	3 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The following table sets forth the components of accounts receivable: June 30, 2024 March 31, 2024 Government $ 1,636,977 $ 933,249 Commercial 135,273 185,869 Less: Allowance for credit losses (8,570 ) (8,570 ) $ 1,763,680 $ 1,110,548

Inventories, net (Tables)

Inventories, net (Tables)	3 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of: June 30, 2024 March 31, 2024 Purchased parts $ 2,896,263 $ 2,835,120 Work-in-process 2,624,754 2,912,737 Finished Goods 76,181 48,630 Less: Inventory reserve (388,969 ) (384,843 ) $ 5,208,229 $ 5,411,644

Prepaid expenses and other cu_2

Prepaid expenses and other current assets (Tables)	3 Months Ended
	Jun. 30, 2024
Disclosure Text Block Supplement [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Prepaid expenses and other current assets consist of: June 30, 2024 March 31, 2024 Prepaid expenses $ 185,094 $ 186,231 Deferred charges 27,719 27,719 Other receivables 211 211 $ 213,024 $ 214,161

Equipment and Leasehold Impro_2

Equipment and Leasehold Improvements (Tables)	3 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Equipment and leasehold improvements consist of the following: June 30, 2024 March 31, 2024 Leasehold improvements $ 127,655 $ 127,655 Machinery and equipment 1,931,831 1,931,831 Automobiles 23,712 23,712 Sales equipment 590,365 590,365 Assets under finance leases 637,189 637,189 Less: Accumulated depreciation & amortization (3,246,587 ) (3,237,557 ) $ 64,165 $ 73,195

Right of Use Assets and Opera_2

Right of Use Assets and Operating Lease Liability (Tables)	3 Months Ended
	Jun. 30, 2024
Disclosure Text Block [Abstract]
Lease, Cost [Table Text Block]	Right to use assets is summarized below: June 30, 2024 March 31, 2024 Right to use asset $ 1,830,857 $ 1,830,857 Less: Accumulated amortization (558,157 ) (506,394 ) Right to use assets, net $ 1,272,700 $ 1,324,463
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under non-cancelable operating leases with terms of more than one year to the total lease liabilities recognized on the unaudited condensed consolidated balance sheet as of June 30, 2024: Remaining payments in fiscal 2025 $ 191,130 2026 267,767 2027 277,000 2028 277,000 2029 277,000 Thereafter 115,416 Total undiscounted future minimum lease payments 1,405,313 Less: Difference between undiscounted lease payments and discounted lease liabilities (132,613 ) Present value of net minimum lease payments 1,272,700 Less current portion (204,064 ) Operating lease liabilities – long-term $ 1,068,636

Stock Options Plans (Tables)

Stock Options Plans (Tables)	3 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	A summary of the status of the Company’s stock option plans for the fiscal year ended March 31, 2024, and year to date June 30, 2024, and changes during the year are presented below (in number of options): Number of Options Average Exercise Price Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding options at April 1, 2024 99,000 $ 3.13 0.78 years $ - Options granted - $ - Options exercised - $ - Options canceled/forfeited (66,000 ) $ 3.19 Outstanding options at June 30, 2024 33,000 $ 3.02 1.89 years $ - Vested options at June 30, 2024 16,200 $ 3.03 1.8 years $ -

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)	3 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net income (loss) per share has been computed according to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 260”), “Earnings per Share,” which requires a dual presentation of basic and diluted income per share (“EPS”). Basic EPS represents net income (loss) divided by the weighted average number of common shares outstanding during a reporting period. Diluted EPS to common stockholders reflects the potential dilution that could occur if securities, including preferred stock and options, were converted into common stock. The dilutive effect of outstanding options is reflected in earnings per share by use of the treasury stock method. The dilutive effect of preferred stock is reflected in earnings per share by use of the if-converted method. In applying the treasury stock method for stock-based compensation arrangements, the assumed proceeds are computed as the sum of the amount the employee must pay upon exercise and the amounts of average unrecognized compensation. For the three months ended June 30, 2024, since the Company has a net loss attributable to common shareholders, the effect of common stock equivalents is anti-dilutive, and as such, common stock equivalents have been excluded from this calculation. Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Basic net income (loss) per share computation: Net income $ 42,248 $ 295,292 Less: Preferred dividends (94,420 ) (80,000 ) Net income (loss) attributable to common shareholders (52,172 ) 215,292 Weighted-average common shares outstanding 3,255,887 3,255,887 Basic net income (loss) per share $ (0.02 ) $ 0.07 Diluted net income (loss) per share computation Net income (loss) attributable to common shareholders $ (52,172 ) $ 215,292 Add: Preferred dividends - 80,000 Diluted net income (loss) attributable to common shareholders $ (52,172 ) $ 295,292 Weighted-average common shares outstanding 3,255,887 3,255,887 Incremental shares attributable to the assumed conversion of preferred stock - 1,959,778 Total adjusted weighted-average shares 3,255,887 5,215,665 Diluted net income (loss) per share $ (0.02 ) $ 0.06
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	The following table summarizes securities that, if exercised, would have an anti-dilutive effect on earnings per share for the three months ended: June 30, 2024 June 30, 2023 Convertible preferred stock 2,663,109 - Stock options 33,000 99,000 2,696,109 99,000

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The tables below present information about reportable segments within the avionics business for the three months ended June 30, 2024, and 2023: Three Months Ended June 30, 2024 Avionics Government Avionics Commercial Avionics Total Corporate Items Total Net sales $ 2,374,860 $ 467,316 $ 2,842,176 $ - $ 2,842,176 Cost of sales 1,847,674 248,600 2,096,274 - 2,096,274 Gross margin 527,186 218,716 745,902 - 745,902 Total expenses 315,933 376,491 692,424 Income (loss) before income taxes $ 429,969 $ (376,491 ) $ 53,478 Three Months Ended June 30, 2023 Avionics Government Avionics Commercial Avionics Total Corporate Items Total Net sales $ 1,977,812 $ 889,117 $ 2,866,929 $ - $ 2,866,929 Cost of sales 986,038 586,342 1,572,380 - 1,572,380 Gross margin 991,774 302,775 1,294,549 - 1,294,549 Total expenses 479,347 439,363 918,710 Income (loss) before income taxes $ 815,202 $ (439,363 ) $ 375,839

Business, Organization and Li_2

Business, Organization and Liquidity (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2024	Jun. 30, 2024	Aug. 13, 2024	Apr. 01, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Business, Organization and Liquidity (Details) [Line Items]
Working Capital		$ 4,303,539			$ 4,249,777
Cash and Cash Equivalents, at Carrying Value		149,550			132,013	$ 4,531,637	$ 3,839,398
Accounts Receivable, after Allowance for Credit Loss		1,800,000
Backlog		7,000,000
Long-Term Line of Credit		1,000,000			690,000
Repayments of Lines of Credit	$ 75,000
Chief Executive Officer [Member]
Business, Organization and Liquidity (Details) [Line Items]
Proceeds from Short-Term Debt	40,000	$ 105,500
Repayments of Short-Term Debt	$ 25,000
Short-Term Debt			$ 120,500
Line of Credit [Member]
Business, Organization and Liquidity (Details) [Line Items]
Long-Term Line of Credit				$ 1,000,000	$ 690,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Summary of Significant Accounting Policies (Details) [Line Items]
Extended Product Warranty Description	The extended warranties sold by the Company provide a level of assurance beyond the coverage for defects that existed at the time of a sale or against certain types of covered damage with coverage terms ranging from 2 to 7 years.
Extended Product Warranty Accrual	$ 162,741		$ 179,422
Recognition of Deferred Revenue	16,681	$ 34,006
Revenues	2,842,176	2,866,929
Payments for Commissions	10,026	1,600
Repairs and Calibration [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Revenues	221,581	342,051
Replacement Parts [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Revenues	41,846	97,297
Extended Warranty [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Revenues	16,681	34,006
Other Revenue [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Revenues	506	6,804
Sales and Marketing Assistance [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Payments for Commissions	$ 9,000	$ 9,000
Customer Concentration Risk [Member] | Customer One [Member] | Revenue Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	46%	36%
Customer Concentration Risk [Member] | Customer Two [Member] | Revenue Benchmark [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	12%	12%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Deferred Revenue, by Arrangement, Disclosure	3 Months Ended
	Jun. 30, 2024 USD ($)
Deferred Revenue By Arrangement Disclosure Abstract
Deferred revenues related to extended warrants	$ 179,422
Revenue recognized	(16,681)
Deferred revenues related to extended warrants	$ 162,741

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Disaggregation of Revenue - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Commercial Customers [Member]
Sales Distribution
Revenues	$ 186,702	$ 408,959
Commercial Customers [Member] | Test Units & Engineering [Member]
Sales Distribution
Revenues	186,702	408,959
U.S. Government [Member]
Sales Distribution
Revenues	2,374,860	1,977,812
U.S. Government [Member] | Test Units & Engineering [Member]
Sales Distribution
Revenues	$ 2,374,860	$ 1,977,812

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Revenue from External Customers by Geographic Areas - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Summary of Significant Accounting Policies (Details) - Revenue from External Customers by Geographic Areas [Line Items]
Revenues	$ 2,842,176	$ 2,866,929
UNITED STATES
Summary of Significant Accounting Policies (Details) - Revenue from External Customers by Geographic Areas [Line Items]
Revenues	2,569,844	2,263,829
INTERNATIONAL
Summary of Significant Accounting Policies (Details) - Revenue from External Customers by Geographic Areas [Line Items]
Revenues	$ 272,332	$ 603,100

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: Allowance for credit loss	$ (8,570)	$ (8,570)
Total	1,763,680	1,110,548
Government Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable	1,636,977	933,249
Commercial Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable	$ 135,273	$ 185,869

Inventories, net (Details) - Sc

Inventories, net (Details) - Schedule of Inventory, Current - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Schedule Of Inventory Current Abstract
Purchased parts	$ 2,896,263	$ 2,835,120
Work-in-process	2,624,754	2,912,737
Finished Goods	76,181	48,630
Less: Allowance for obsolete inventory	(388,969)	(384,843)
Inventory, net	$ 5,208,229	$ 5,411,644

Prepaid expenses and other cu_3

Prepaid expenses and other current assets (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Deferred Costs Capitalized Prepaid And Other Assets Abstract
Prepaid expenses	$ 185,094	$ 186,231
Deferred charges	27,719	27,719
Other receivables	211	211
Prepaid expenses and other current assets	$ 213,024	$ 214,161

Equipment and Leasehold Impro_3

Equipment and Leasehold Improvements (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Depreciation, Depletion and Amortization	$ 9,030	$ 12,274	$ 45,823

Equipment and Leasehold Impro_4

Equipment and Leasehold Improvements (Details) - Property, Plant and Equipment - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation & amortization	$ (3,246,587)	$ (3,237,557)
Property and equipment, net	64,165	73,195
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	127,655	127,655
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,931,831	1,931,831
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	23,712	23,712
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	590,365	590,365
Assets Held under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 637,189	$ 637,189

Line of Credit (Details)

Line of Credit (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Apr. 01, 2024	Mar. 31, 2024
Line of Credit (Details) [Line Items]
Long-Term Line of Credit	$ 1,000,000		$ 690,000
Line of Credit [Member]
Line of Credit (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000,000
Line of Credit Facility, Collateral	collateralized by substantially all of the assets of the Company.
Long-Term Line of Credit		$ 1,000,000	$ 690,000
Line of Credit Facility, Interest Rate at Period End	9.55%
Line of Credit Facility, Interest Rate Description	Prime Rate plus 1.05 percentage points

Right of Use Assets and Opera_3

Right of Use Assets and Operating Lease Liability (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Right of Use Assets and Operating Lease Liability (Details) [Line Items]
Operating Lease, Expense	$ 91,777	$ 102,811
Operating Lease, Weighted Average Remaining Lease Term	5 years 2 months 1 day
Building [Member]
Right of Use Assets and Operating Lease Liability (Details) [Line Items]
Operating Lease, Expense	$ 21,237
Lessee, Operating Lease, Discount Rate	3.90%
Monthly Payments September 2025 [Member] | Minimum [Member] | Building [Member]
Right of Use Assets and Operating Lease Liability (Details) [Line Items]
Operating Lease, Expense	$ 23,083
Monthly Payments September 2021 [Member] | Minimum [Member] | Building [Member]
Right of Use Assets and Operating Lease Liability (Details) [Line Items]
Lessee, Operating Lease, Renewal Term	8 years

Right of Use Assets and Opera_4

Right of Use Assets and Operating Lease Liability (Details) - Lease, Cost - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Lease, Cost [Abstract]
Right to use asset	$ 1,830,857	$ 1,830,857
Less: Accumulated amortization	(558,157)	(506,394)
Right to use assets, net	$ 1,272,700	$ 1,324,463

Right of Use Assets and Opera_5

Right of Use Assets and Operating Lease Liability (Details) - Lessee, Operating Lease, Liability, Maturity - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Lessee Operating Lease Liability Maturity Abstract
Remaining payments in fiscal 2025	$ 191,130
2026	267,767
2027	277,000
2028	277,000
2029	277,000
Thereafter	115,416
Total undiscounted future minimum lease payments	1,405,313
Less: Difference between undiscounted lease payments and discounted lease liabilities	(132,613)
Present value of net minimum lease payments	1,272,700
Less current portion	(204,064)	$ (210,111)
Operating lease liabilities – long-term	$ 1,068,636	$ 1,114,352

Stock Options Plans (Details)

Stock Options Plans (Details) - USD ($)		3 Months Ended
	Jan. 18, 2017	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Stock Options Plans (Details) [Line Items]
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.1	$ 0.1		$ 0.1
Common Stock, Capital Shares Reserved for Future Issuance (in Shares)	250,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 6,622
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition		2 years 8 months 12 days
Share-Based Payment Arrangement, Expense		$ 1,942	$ 3,269
Share-Based Payment Arrangement, Option [Member]
Stock Options Plans (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Terms of Award	Options granted under the plan are exercisable up to a period of five years from the date of grant at an exercise price which is not less than the fair market value of the common stock at the date of grant, except to a shareholder owning 10% or more of the outstanding common stock of the Company, as to which the exercise price must be not less than 110% of the fair market value of the common stock at the date of grant.
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period	5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights	Options are exercisable on a cumulative basis, 20% at or after each of the first, second, and third anniversary of the grant and 40% after the fourth year anniversary.
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in Shares)		217,000

Stock Options Plans (Details) -

Stock Options Plans (Details) - Share-based Payment Arrangement, Option, Activity - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Share Based Payment Arrangement Option Activity Abstract
Outstanding, Number of Options		99,000
Outstanding, Average Exercise Price (in Dollars per share)		$ 3.13
Outstanding, Average Remaining Contractual Term	1 year 10 months 20 days	9 months 10 days
Outstanding, Aggregate Intrinsic Value (in Dollars)		$ 0
Vested Options, Number of Options	16,200
Vested Options, Average Exercise Price (in Dollars per share)	$ 3.03
Vested Options, Average Remaining Contractual Term	1 year 9 months 18 days
Vested Options, Aggregate Intrinsic Value (in Dollars)	$ 0
Options granted, Average Exercise Price	0
Options granted, Average Exercise Price (in Dollars per share)	$ 0
Options granted	0
Options exercised, Average Exercise Price	0
Options exercised, Average Exercise Price (in Dollars per share)	$ 0
Options exercised	0
Options canceled/forfeited, Average Exercise Price	(66,000)
Options canceled/forfeited, Average Exercise Price (in Dollars per share)	$ 3.19
Options canceled/forfeited	0
Outstanding, Number of Options	33,000
Outstanding, Average Exercise Price (in Dollars per share)	$ 3.02
Outstanding, Aggregate Intrinsic Value (in Dollars)	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Deferred Income Tax Assets, Net	$ 2,439,427		$ 2,450,657
Net Income (Loss) Attributable to Parent	$ 42,248	$ 295,292

Net Income (Loss) per Share (De

Net Income (Loss) per Share (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Basic net income (loss) per share computation:
Net income	$ 42,248	$ 295,292
Less: Preferred dividends	(94,420)	(80,000)
Net income (loss) attributable to common shareholders	(52,172)	215,292
Add: Preferred dividends	0	80,000
Diluted net income (loss) attributable to common shareholders	$ (52,172)	$ 295,292
Weighted-average common shares outstanding (in Shares)	3,255,887	3,255,887
Incremental shares attributable to the assumed conversion of preferred stock (in Shares)	0	1,959,778
Total adjusted weighted-average shares (in Shares)	3,255,887	5,215,665
Diluted net income (loss) per share (in Dollars per share)	$ (0.02)	$ 0.06
Basic net income (loss) per share (in Dollars per share)	$ (0.02)	$ 0.07

Net Income (Loss) per Share (_2

Net Income (Loss) per Share (Details) - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share - shares	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,696,109	99,000
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,663,109	0
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	33,000	99,000

Segment Information (Details)

Segment Information (Details) - Schedule of Segment Reporting Information, by Segment - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 2,842,176	$ 2,866,929
Cost of sales	2,096,274	1,572,380
Gross margin	745,902	1,294,549
Total expenses	692,424	918,710
Income (loss) before income taxes	53,478	375,839
Avionics Government [Member]
Segment Reporting Information [Line Items]
Net sales	2,374,860	1,977,812
Cost of sales	1,847,674	986,038
Gross margin	527,186	991,774
Avionics Commercial [Member]
Segment Reporting Information [Line Items]
Net sales	467,316	889,117
Cost of sales	248,600	586,342
Gross margin	218,716	302,775
Avionics Total [Member]
Segment Reporting Information [Line Items]
Net sales	2,842,176	2,866,929
Cost of sales	2,096,274	1,572,380
Gross margin	745,902	1,294,549
Total expenses	315,933	479,347
Income (loss) before income taxes	429,969	815,202
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Net sales	0	0
Cost of sales	0	0
Gross margin	0	0
Total expenses	376,491	439,363
Income (loss) before income taxes	$ (376,491)	$ (439,363)