Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.22.0.1
Condensed Consolidated Balance Sheet (Tables)
 9 Months Ended
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Inventories
               
    December 31,     March 31,  
    2021     2021  
Raw materials   $ 1,627,000     $ 1,670,000  
Finished goods     1,252,000       860,000  
Inventories, net   $ 2,879,000     $ 2,530,000  
Lease information
               
    December 31,     March 31,  
    2021     2021  
Operating leases:                
Operating lease right-of-use assets   $ 623,000     $ 769,000  
Operating lease liabilities – current   $ 261,000     $ 240,000  
Operating lease liabilities – non- current   $ 362,000     $ 529,000  

 

Other information related to operating leases is presented below:

 

Nine Months Ended December 31, 2021      
Operating lease cost   $ 274,000  
Other information:        
Operating cash flows from operating leases   $ 148,000  
Weighted-average remaining lease term – operating leases (in months)     29.50  
Weighted-average discount rate – operating leases     6.00%  
Schedule of minimum operating lease liabilities
       
For Years Ending March 31,      
2022 (excluding the nine months ended December 31, 2021)   $ 83,000  
2023     292,000  
2024     207,000  
2025     103,000  
2026     14,000  
Thereafter     –  
Total future minimum lease payments, undiscounted     699,000  
Less: imputed interest     (76,000 )
Present value of future minimum lease payments   $ 623,000