Income Taxes (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of income tax provision from domestic and foreign sources |
| Schedule of income tax provision from domestic and foreign sources |
|
|
|
|
|
|
| |
|
Year Ended March 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Domestic |
|
$ |
|
|
$ |
) |
| Foreign |
|
|
) |
|
|
) |
| Totals |
|
$ |
) |
|
$ |
) |
|
| Schedule of federal, state and foreign income tax provisions |
| Schedule of federal, state and foreign income tax provisions |
|
|
|
|
|
|
| |
|
Year Ended March 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Current: |
|
|
|
|
|
|
| State |
|
$ |
(26,000 |
) |
|
$ |
(2,000 |
) |
| |
|
|
|
|
|
|
|
|
| Deferred: |
|
|
|
|
|
|
|
|
| Foreign |
|
|
270,000 |
|
|
|
(548,000 |
) |
| Total income tax benefit (expense) |
|
$ |
244,000 |
|
|
$ |
(550,000 |
) |
|
| Schedule of reconciliation of federal income tax rate to effective rate |
| Schedule of reconciliation of federal income
tax rate to effective rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended March 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Expected federal statutory rate |
|
$ |
(717,000 |
) |
|
|
21.0% |
|
|
$ |
(611,000 |
) |
|
|
21.0% |
|
| State income taxes, net of federal benefit |
|
|
26,000 |
|
|
|
(0.7% |
) |
|
|
3,000 |
|
|
|
(0.1% |
) |
| Foreign tax: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign earnings taxed at different rates: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mexico |
|
|
(370,000 |
) |
|
|
10.9% |
|
|
|
(152,000 |
) |
|
|
5.2% |
|
| Netherlands |
|
|
(13,000 |
) |
|
|
0.4% |
|
|
|
(43,000 |
) |
|
|
1.5% |
|
| Effect of intercompany interest permanent differences: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mexico |
|
|
703,000 |
|
|
|
(20.7% |
) |
|
|
738,000 |
|
|
|
(25.3% |
) |
| Netherlands |
|
|
141,000 |
|
|
|
(4.1% |
) |
|
|
142,000 |
|
|
|
(4.9% |
) |
| Annual inflation adjustment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mexico |
|
|
191,000 |
|
|
|
(5.6% |
) |
|
|
180,000 |
|
|
|
(6.2% |
) |
| Other deferred true-ups: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mexico |
|
|
(22,000 |
) |
|
|
0.6% |
|
|
|
227,000 |
|
|
|
(7.8% |
) |
| Other non-deductible expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mexico |
|
|
33,000 |
|
|
|
(1.0% |
) |
|
|
31,000 |
|
|
|
(1.1% |
) |
| Netherlands |
|
|
1,000 |
|
|
|
(0.0% |
) |
|
|
1,000 |
|
|
|
(0.0% |
) |
| Other non-taxable and non-deductible expenses |
|
|
3,000 |
|
|
|
(0.1% |
) |
|
|
3,000 |
|
|
|
(0.1% |
) |
| Total |
|
|
(24,000 |
) |
|
|
0.7% |
|
|
|
519,000 |
|
|
|
(17.8% |
) |
| Change in valuation allowance |
|
|
(220,000 |
) |
|
|
6.4% |
|
|
|
31,000 |
|
|
|
(1.1% |
) |
| Provision for income taxes and effective income tax rate |
|
$ |
(244,000 |
) |
|
|
7.1% |
|
|
$ |
550,000 |
|
|
|
(18.9% |
) |
|
| Schedule of deferred tax assets and liabilities |
| Schedule of deferred tax assets and liabilities |
|
|
|
|
|
|
| |
|
March 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
| Net operating loss carryforwards |
|
$ |
24,171,000 |
|
|
$ |
26,456,000 |
|
| Research and development tax credit carryforwards |
|
|
1,696,000 |
|
|
|
1,749,000 |
|
| Stock-based compensation |
|
|
987,000 |
|
|
|
879,000 |
|
| Reserves and accruals |
|
|
638,000 |
|
|
|
618,000 |
|
| Other deferred tax assets |
|
|
33,000 |
|
|
|
41,000 |
|
| Lease liability |
|
|
21,000 |
|
|
|
10,000 |
|
| Gross deferred tax assets |
|
|
27,546,000 |
|
|
|
29,753,000 |
|
| |
|
|
|
|
|
|
|
|
| Less valuation allowance |
|
|
(26,551,000 |
) |
|
|
(29,062,000 |
) |
| |
|
|
|
|
|
|
|
|
| Total deferred tax assets |
|
|
995,000 |
|
|
|
691,000 |
|
| |
|
|
|
|
|
|
|
|
| Deferred tax liabilities: |
|
|
|
|
|
|
|
|
| Fixed assets |
|
|
(6,000 |
) |
|
|
(6,000 |
) |
| Prepaid expenses |
|
|
(84,000 |
) |
|
|
(86,000 |
) |
| Right of use asset |
|
|
(21,000 |
) |
|
|
(10,000 |
) |
| Gross deferred tax liabilities |
|
|
(111,000 |
) |
|
|
(102,000 |
) |
| Net deferred tax assets |
|
$ |
884,000 |
|
|
$ |
589,000 |
|
|