Annual report pursuant to Section 13 and 15(d)

7. Prepaid Expenses and Other Current Assets

v3.21.2
7. Prepaid Expenses and Other Current Assets
 12 Months Ended
Mar. 31, 2021
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,  
    2021     2020  
Prepaid insurance   $ 705,000     $ 523,000  
Prepaid rebates     –       –  
Tax prepaid to Mexican tax authorities     1,850,000       1,305,000  
Other prepaid expenses and other current assets     663,000       428,000  
    $ 3,218,000     $ 2,256,000