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 |
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|
|
|
|
|
|
|
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 |
|
|