Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.24.3
Condensed Consolidated Balance Sheet (Tables)
 6 Months Ended
Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of inventories, net
           
    September 30,     March 31,  
    2024     2024  
Raw materials   $ 1,670,000     $ 1,802,000  
Finished goods     1,421,000       1,213,000  
Inventories, gross      3,091,000       3,015,000  
Less: allowance for obsolete and excess inventory     (254,000 )     (296,000 )
Total inventories, net   $ 2,837,000     $ 2,719,000  
Schedule of lease information
             
    September 30,     March 31,  
    2024     2024  
Operating leases:                
Operating lease right-of-use assets   $ 162,000     $ 286,000  
Operating lease liabilities – current     116,000       198,000  
Operating lease liabilities – non-current     46,000       87,000  

 

Other information related to leases is presented below:

 

Six Months Ended September 30, 2024      
Operating lease cost   $ 186,000  
Other information:        
Operating cash flows from operating leases     (102,000 )
Weighted-average remaining lease term – operating leases (in months)     18.7  
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 six months ended September 30, 2024)   $ 87,000  
2026     67,000  
2027     14,000  
2028     9,000  
Total future minimum lease payments, undiscounted     177,000  
Less: imputed interest     (15,000 )
Present value of future minimum lease payments   $ 162,000