Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.23.2
Condensed Consolidated Balance Sheet (Tables)
 3 Months Ended
Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of inventories
           
    June 30,     March 31,  
    2023     2023  
Raw materials   $ 1,395,000     $ 1,764,000  
Finished goods     1,335,000       1,094,000  
Inventories, net   $ 2,730,000     $ 2,858,000  
Schedule of lease information
           
    June 30,     March 31,  
    2023     2023  
Operating leases:            
Operating lease right-of-use assets   $ 354,000     $ 418,000  
Operating lease liabilities – current     233,000       256,000  
Operating lease liabilities – non- current     121,000       162,000  

 

Other information related to leases is presented below:

 

Three Months Ended June 30, 2023      
Operating lease cost   $ 103,000  
Other information:        
Operating cash flows from operating leases     (79,000 )
Weighted-average remaining lease term – operating leases (in months)     17.40  
Weighted-average discount rate – operating leases     6.00%  
Schedule of minimum operating lease liabilities
     
For Years Ending March 31,      
2024 (excluding the three months ended June 30, 2023)   $ 239,000  
2025     141,000  
2026     16,000  
Total future minimum lease payments, undiscounted     396,000  
Less: imputed interest     (42,000 )
Present value of future minimum lease payments   $ 354,000