Quarterly report pursuant to Section 13 or 15(d)

5. Condensed Consolidated Balance Sheets (Tables)

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5. Condensed Consolidated Balance Sheets (Tables)
 6 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
Schedule of inventories
    September 30,     March 31,  
    2019     2019  
Raw materials   $ 1,758,000     $ 1,766,000  
Finished goods     1,340,000       1,643,000  
    $ 3,098,000     $ 3,409,000  
Schedule of leases
    September 30,     April 1,     March 31,  
    2019     2019     2019  
Operating leases:                        
Operating lease right-of-use assets   $ 1,178,000     $ 1,442,000     $ –  
Operating lease liabilities – current     362,000       497,000       –  
Operating lease liabilities – non- current     865,000       1,005,000       –  
Finance leases:                        
Property, plant and equipment     –       95,000       95,000  
Current portion of capital leases     –       141,000       141,000  
Schedule of annual minimum lease payments

 

    Three Months Ended September 30, 2019     Six Months Ended September 30, 2019  
Lease cost                
Operating lease cost   $ 148,000     $ 298,000  

 

As of September 30, 2019      
Other information:        
Operating cash flows from operating leases   $ 309,000  
Weighted-average remaining lease term – operating leases (in months)     49.7  
Weighted-average discount rate – operating leases     6.00%  

 

As of September 30, 2019, the annual minimum lease payments of our operating lease liabilities were as follows:

 

For Years Ending March 31,        
  2020 (excluding the six months ended September 30, 2019)     $ 259,000  
  2021       307,000  
  2022       270,000  
  2023       247,000  
  2024       223,000  
  Thereafter       83,000  
  Total future minimum lease payments, undiscounted       1,389,000  
  Less: imputed interest       (162,000 )
  Present value of future minimum lease payments     $ 1,227,000