Quarterly report pursuant to Section 13 or 15(d)

5. Condensed Consolidated Balance Sheets (Tables)

v3.19.3.a.u2
5. Condensed Consolidated Balance Sheets (Tables)
 9 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Schedule of inventories
    December 31,     March 31,  
    2019     2019  
Raw materials   $ 1,798,000     $ 1,766,000  
Finished goods     1,027,000       1,643,000  
    $ 2,825,000     $ 3,409,000  
Schedule of leases
    December 31,     April 1,     March 31,  
    2019     2019     2019  
Operating leases:                        
Operating lease right-of-use assets   $ 1,057,000     $ 1,442,000     $ –  
Operating lease liabilities – current     291,000       497,000       –  
Operating lease liabilities – non-current     807,000       1,005,000       –  
Finance leases:                        
Property, plant and equipment     –       95,000       95,000  
Current portion of capital leases     –       141,000       141,000  

 

    Three Months Ended December 31, 2019     Nine Months Ended December 31, 2019  
Lease cost                
Operating lease cost   $ 146,000     $ 444,000  

 

As of December 31, 2019      
Other information:        
Operating cash flows from operating leases   $ 464,000  
Weighted-average remaining lease term – operating leases (in months)     49.6  
Weighted-average discount rate – operating leases     6.00%  

Schedule of annual minimum lease payments
For Years Ending March 31,        
  2020 (excluding the nine months ended December 31, 2019)     $ 109,000  
  2021       309,000  
  2022       270,000  
  2023       247,000  
  2024       223,000  
  Thereafter       84,000  
  Total future minimum lease payments, undiscounted       1,242,000  
  Less: imputed interest       (145,000 )
  Present value of future minimum lease payments     $ 1,097,000