Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.25.0.1
Condensed Consolidated Balance Sheet (Tables)
9 Months Ended
Dec. 31, 2024
Schedules of balance sheet items  
Schedule of inventories, net
       
    December 31,   March 31,
    2024   2024
Raw materials   $ 1,376,000     $ 1,802,000  
Finished goods     2,006,000       1,213,000  
Inventories, gross     3,382,000       3,015,000  
Less: allowance for obsolete and excess inventory     (239,000 )     (296,000 )
Total inventories, net   $ 3,143,000     $ 2,719,000  
Schedule of lease information
       
    December 31,   March 31,
    2024   2024
Operating leases:                
Operating lease right-of-use assets   $ 119,000     $ 286,000  
Operating lease liabilities – current     90,000       198,000  
Operating lease liabilities – non-current     29,000       87,000  

 

Other information related to leases is presented below:

     
Nine Months Ended December 31, 2024    
Operating lease cost   $ 277,000  
Other information:        
Operating cash flows from operating leases     (136,000 )
Weighted-average remaining lease term – operating leases (in months)     17.50  
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 nine months ended December 31, 2024)   $ 41,000  
2026     65,000  
2027     14,000  
2028     8,000  
Total future minimum lease payments, undiscounted     128,000  
Less: imputed interest     (9,000 )
Present value of future minimum lease payments   $ 119,000