Quarterly report pursuant to Section 13 or 15(d)

Organization and Significant Accounting Policies (Policies)

v3.22.2
Organization and Significant Accounting Policies (Policies)
3 Months Ended
Jun. 25, 2022
Accounting Policies [Abstract]  
Principles of Consolidation

Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of Giga-tronics and its wholly owned subsidiary, Microsource, Inc. (“Microsource”). All significant intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.