Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
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Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Income Statement [Abstract] | ||||
Revenues | $ 2,902,000 | $ 4,936,000 | $ 10,330,000 | $ 16,472,000 |
Cost of revenues | 1,699,000 | 2,941,000 | 6,433,000 | 9,719,000 |
Gross profit | 1,203,000 | 1,995,000 | 3,897,000 | 6,753,000 |
Operating expenses | ||||
Research and development | 26,000 | 33,000 | 121,000 | 425,000 |
Selling, general and administrative | 2,135,000 | 2,100,000 | 6,603,000 | 6,963,000 |
Total operating expenses | 2,161,000 | 2,133,000 | 6,724,000 | 7,388,000 |
Loss from operations | (958,000) | (138,000) | (2,827,000) | (635,000) |
Interest income (expense), net | 3,000 | (2,000) | (1,000) | 2,000 |
Other income (expense), net | 11,000 | (490,000) | 542,000 | (687,000) |
Gain on sale of assets | 0 | 4,000 | 150,000 | 137,000 |
Loss from continuing operations | (944,000) | (626,000) | (2,136,000) | (1,183,000) |
Income tax expense | 0 | 0 | (6,000) | 0 |
Income (loss) from discontinued operations (Note 4) | 0 | (24,000) | 0 | 893,000 |
Net loss | $ (944,000) | $ (650,000) | $ (2,142,000) | $ (290,000) |
Net income (loss) per share: basic | ||||
Continuing operations | $ (0.31) | $ (0.31) | $ (0.85) | $ (0.60) |
Discontinued operations | 0 | (0.01) | 0 | 0.45 |
Total basic net income (loss) per share | (0.31) | (0.32) | (0.85) | (0.15) |
Net income (loss) per share: diluted | ||||
Continuing operations | (0.31) | (0.31) | (0.85) | (0.60) |
Total diluted net income (loss) per share | $ (0.31) | $ (0.32) | $ (0.85) | $ (0.15) |
Weighted-average number of shares used in per common share calculations: basic | 3,080 | 2,052 | 2,507 | 1,967 |
Weighted-average number of shares used in per common share calculations: diluted | 3,080 | 2,052 | 2,507 | 1,967 |
Other comprehensive income (loss) | ||||
Foreign currency translation adjustments | $ (65,000) | $ 1,020,000 | $ 8,000 | $ 1,375,000 |
Comprehensive income (loss) | $ (1,009,000) | $ 370,000 | $ (2,134,000) | $ 1,085,000 |
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- References No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before tax, after reclassification adjustments of gain (loss) on foreign currency translation adjustments, on foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tax expense (benefit) allocated to other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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