Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

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Condensed Consolidated Balance Sheet (Tables)
 3 Months Ended
Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of inventories, net
           
    June 30,     March 31,  
    2024     2024  
Raw materials   $ 1,695,000     $ 1,802,000  
Finished goods     1,225,000       1,213,000  
Inventories, gross      2,920,000       3,015,000  
Less: allowance for obsolete and excess inventory     (262,000 )     (296,000 )
Total inventories, net   $ 2,658,000     $ 2,719,000  
Schedule of lease information
             
    June 30,     March 31,  
    2024     2024  
Operating leases:                
Operating lease right-of-use assets   $ 216,000     $ 286,000  
Operating lease liabilities – current     155,000       198,000  
Operating lease liabilities – non-current     61,000       87,000  

 

Other information related to leases is presented below:

 

Three Months Ended June 30, 2024      
Operating lease cost   $ 93,000  
Other information:        
Operating cash flows from operating leases     (55,000 )
Weighted-average remaining lease term – operating leases (in months)     19.0  
Weighted-average discount rate – operating leases     6.00%  
Schedule of minimum lease payments of operating lease liabilities
       
For Years Ending March 31,        
2025 (excluding the three months ended June 30, 2024)   $ 150,000  
2026     67,000  
2027     14,000  
2028     9,000  
Total future minimum lease payments, undiscounted     240,000  
Less: imputed interest     (24,000 )
Present value of future minimum lease payments   $ 216,000