Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.2
Leases (Tables)
 12 Months Ended
Mar. 31, 2023
Leases  
Schedule of lease cost information
               
    March 31,     March 31,  
    2023     2022  
Operating leases:                
Operating lease right-of-use assets   $ 418,000     $ 559,000  
Operating lease liabilities – current     256,000       250,000  
Operating lease liabilities – non-current     162,000       309,000  

 

Other information related to leases is presented below:

 

   

Year ended

March 31, 2023

     Year ended
March 31, 2022		  
Lease cost                
Operating lease cost   $ 385,000     $ 367,000  
                 
As of March 31, 2023                
Other information:                
Operating cash flows from operating leases   $ (173,000 )   $ (222,000 )
Weighted-average remaining lease term – operating leases (in months)     19.4       27.3  
Weighted-average discount rate – operating leases     6%       6%  
Schedule of minimum operating lease liabilities
       
For Years Ending March 31,      
       
2024   $ 296,000  
2025     154,000  
2026     15,000  
Thereafter     –  
Total future minimum lease payments, undiscounted     465,000  
Less: imputed interest     (47,000 )
Total lease liability   $ 418,000