Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheet (Tables)

v3.25.3
Condensed Consolidated Balance Sheet (Tables)
 6 Months Ended
Sep. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of inventories, net
           
    September 30,     March 31,  
    2025     2025  
Raw materials   $ 1,974,000     $ 1,395,000  
Finished goods     1,965,000       1,818,000  
Inventories, gross     3,939,000       3,213,000  
Less: allowance for obsolete and excess inventory     (305,000 )     (298,000 )
Total inventories, net   $ 3,634,000     $ 2,915,000  
Schedule of lease information
           
    September 30,     March 31,  
    2025     2025  
Operating leases:                
Operating lease right-of-use assets   $ 479,000     $ 84,000  
Operating lease liabilities – current     88,000       58,000  
Operating lease liabilities – non-current     391,000       27,000  

 

Other information related to leases is presented below:

  

Three Months Ended September 30, 2025      
Operating lease cost   $ 187,000  
Other information:        
Operating cash flows from operating leases   $ (392,000 )
Weighted-average remaining lease term – operating leases (in months)     51.6  
Weighted-average discount rate – operating leases     10.8%  
Schedule of minimum lease payments of operating lease liabilities
     
For Years Ending March 31,      
2026 (excluding the three months ended September 30, 2025)   $ 77,000  
2027     131,000  
2028     133,000  
2029     130,000  
2030     137,000  
Thereafter     12,000  
Total future minimum lease payments, undiscounted     620,000  
Less: imputed interest     (141,000 )
Present value of future minimum lease payments   $ 479,000