Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.21.2
Condensed Consolidated Balance Sheet (Tables)
3 Months Ended
Jun. 30, 2021
Balance Sheet  
Schedule of Inventories
           
    June 30,     March 31,  
    2021     2021  
Raw materials   $ 1,713,000     $ 1,670,000  
Finished goods     907,000       860,000  
Inventories, net   $ 2,620,000     $ 2,530,000  
Lease information
           
    June 30,     March 31,  
    2021     2021  
Operating leases:                
Operating lease right-of-use assets   $ 722,000     $ 769,000  
Operating lease liabilities – current     250,000       240,000  
Operating lease liabilities – non- current     472,000       529,000  

 

Other information related to leases is presented below:

 

Three Months Ended June 30, 2021      
Operating lease cost     94,000  
Other information:        
Operating cash flows from operating leases     67,000  
Weighted-average remaining lease term – operating leases (in months)     35.3  
Weighted-average discount rate – operating leases     6.00%  
Schedule of minimum operating lease liabilities
     
For Years Ending March 31,      
2022 (excluding the three months ended June 30, 2021)     233,000  
2023     262,000  
2024     181,000  
2025     106,000  
Thereafter     15,000  
Total future minimum lease payments, undiscounted     797,000  
Less: imputed interest     (75,000 )
Present value of future minimum lease payments   $ 722,000