| Schedule of income tax provision from domestic and foreign sources |
| Schedule of income tax provision from domestic and foreign sources |
|
|
|
|
|
|
| |
|
Year Ended March 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Domestic |
|
$ |
(161,000 |
) |
|
$ |
(364,000 |
) |
| Foreign |
|
|
(2,749,000 |
) |
|
|
(4,559,000 |
) |
| Totals |
|
$ |
(2,910,000 |
) |
|
$ |
(4,923,000 |
) |
|
| Schedule of federal, state and foreign income tax provisions |
| Schedule of federal, state and foreign income tax provisions |
|
|
|
|
|
|
| |
|
Year Ended March 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Current: |
|
|
|
|
|
|
| State |
|
$ |
(2,000 |
) |
|
$ |
(2,000 |
) |
| |
|
|
|
|
|
|
|
|
| Deferred: |
|
|
|
|
|
|
|
|
| Foreign |
|
|
(548,000 |
) |
|
|
198,000 |
|
| Total income tax (expense) benefit |
|
$ |
(550,000 |
) |
|
$ |
196,000 |
|
|
| Schedule of deferred tax assets |
| Schedule of deferred tax assets |
|
|
|
|
|
|
| |
|
March 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
| Net operating loss carryforwards |
|
$ |
26,456,000 |
|
|
$ |
28,692,000 |
|
| Research and development tax credit carryforwards |
|
|
1,749,000 |
|
|
|
1,796,000 |
|
| Stock-based compensation |
|
|
879,000 |
|
|
|
913,000 |
|
| Reserves and accruals |
|
|
618,000 |
|
|
|
659,000 |
|
| Other deferred tax assets |
|
|
41,000 |
|
|
|
52,000 |
|
| Lease liability |
|
|
10,000 |
|
|
|
22,000 |
|
| Gross deferred tax assets |
|
|
29,753,000 |
|
|
|
32,134,000 |
|
| |
|
|
|
|
|
|
|
|
| Less valuation allowance |
|
|
(29,062,000 |
) |
|
|
(30,836,000 |
) |
| |
|
|
|
|
|
|
|
|
| Total deferred tax assets |
|
$ |
691,000 |
|
|
$ |
1,298,000 |
|
| |
|
|
|
|
|
|
|
|
| Deferred tax liabilities: |
|
|
|
|
|
|
|
|
| Fixed assets |
|
|
(6,000 |
) |
|
|
(10,000 |
) |
| Prepaid expenses |
|
|
(86,000 |
) |
|
|
(121,000 |
) |
| Right of use asset |
|
|
(10,000 |
) |
|
|
(22,000 |
) |
| Gross deferred tax liabilities |
|
|
(102,000 |
) |
|
|
(153,000 |
) |
| Net deferred tax assets |
|
$ |
589,000 |
|
|
$ |
1,145,000 |
|
|