Annual report pursuant to Section 13 and 15(d)

7. Prepaid Expenses and Other Current Assets

v3.20.2
7. Prepaid Expenses and Other Current Assets
 12 Months Ended
Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

NOTE 7 – Prepaid Expenses and Other Current Assets

 

Prepaid expenses and other current assets consist of the following:

 

    March 31,  
    2020     2019  
Prepaid insurance   $ 523,000     $ 354,000  
Prepaid rebates     –       78,000  
Tax prepaid to Mexican tax authorities     1,305,000       963,000  
Other prepaid expenses and other current assets     428,000       299,000  
    $ 2,256,000     $ 1,694,000