General form of registration statement for all companies including face-amount certificate companies

4. Disposition of Latin American Operations (Tables)

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4. Disposition of Latin American Operations (Tables)
12 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of proceeds from disposition
Cash received on October 27, 2016   $ 18,000,000  
Cash received on March 16, 2017     1,500,000  
Face value of variable consideration ($250,000 per year for ten years)     2,500,000  
Total proceeds from sale     22,000,000  
Equipment costs     (305,000 )
Transaction costs     (556,000 )
Total proceeds, net of transaction costs     21,139,000  
Discount on variable consideration (using a 7.5% discount rate)     (752,000 )
Total proceeds, net of discount   $ 20,387,000  
Allocation of proceeds
Services under the Technical Services Arrangement   $ 708,000  
Production equipment manufactured, net     192,000  
Intellectual property and territory rights     19,487,000  
Total proceeds   $ 20,387,000  
Schedule of income from discontinued operations
   

Year Ended

March 31,

 
    2018     2017  
Revenues   $     $ 3,105,000  
Cost of revenues           561,000  
Income from discontinued operations before tax           2,544,000  
Gain on disposal of discontinued operations before income taxes           19,679,000  
Total income from discontinued operations, before tax           22,223,000  
Income tax expense           (4,280,000 )
Income from discontinued operations, net of tax   $     $ 17,943,000