Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.23.3
Condensed Consolidated Balance Sheet (Tables)
 6 Months Ended
Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of inventories
           
    September 30,     March 31,  
    2023     2023  
Raw materials   $ 1,493,000     $ 1,764,000  
Finished goods     1,020,000       1,094,000  
 Inventories, net   $ 2,513,000     $ 2,858,000  
Schedule of lease information
           
    September 30,     March 31,  
    2023     2023  
Operating leases:                
Operating lease right-of-use assets   $ 350,000     $ 418,000  
Operating lease liabilities – current     216,000       256,000  
Operating lease liabilities – non- current     134,000       162,000  

 

Other information related to leases is presented below:

 

Six Months Ended September 30, 2023      
Operating lease cost   $ 216,000  
Other information:        
Operating cash flows from operating leases     (79,000 )
Weighted-average remaining lease term – operating leases (in months)     19.3  
Weighted-average discount rate – operating leases     6.00%  
Schedule of minimum operating lease liabilities
     
For Years Ending March 31,      
2024 (excluding the six months ended September 30, 2023)   $ 81,000  
2025     144,000  
2026     157,000  
2027     9,000  
Total future minimum lease payments, undiscounted     391,000  
Less: imputed interest     (41,000 )
Present value of future minimum lease payments   $ 350,000