Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.22.4
Condensed Consolidated Balance Sheet (Tables)
 9 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of inventories
           
    December 31,     March 31,  
    2022     2022  
Raw materials   $ 1,611,000     $ 1,626,000  
Finished goods     1,238,000       1,037,000  
 Inventories, net   $ 2,849,000     $ 2,663,000  
Lease information
           
    December 31,     March 31,  
    2022     2022  
Operating leases:                
Operating lease right-of-use assets   $ 471,000     $ 559,000  
Operating lease liabilities – current     276,000       250,000  
Operating lease liabilities – non-current     195,000       309,000  

 

Other information related to leases is presented below:

 

Nine Months Ended December 31, 2022      
Operating lease cost     279,000  
Other information:        
Operating cash flows from operating leases     94,000  
Weighted-average remaining lease term – operating leases (in months)     21.5  
Weighted-average discount rate – operating leases     6.00%  
Schedule of minimum operating lease liabilities
     
For Years Ending March 31,      
2023 (excluding the nine months ended December 31, 2022)   $ 82,000  
2024     294,000  
2025     143,000  
2026     15,000  
Total future minimum lease payments, undiscounted     534,000  
Less: imputed interest     (63,000 )
Present value of future minimum lease payments   $ 471,000