Quarterly report pursuant to Section 13 or 15(d)

5. Condensed Consolidated Balance Sheets (Tables)

v3.20.2
5. Condensed Consolidated Balance Sheets (Tables)
3 Months Ended
Jun. 30, 2020
Disclosure Text Block Supplement [Abstract]  
Schedule of inventories

Inventories consist of the following:

  

    June 30,     March 31,  
    2020     2020  
Raw materials   $ 2,894,000     $ 1,128,000  
Finished goods     1,299,000       1,064,000  
    $ 4,193,000     $ 2,192,000  
Schedule of leases

    June 30,     March 31,  
    2020     2020  
Operating leases:                
Operating lease right-of-use assets   $ 343,000     $ 963,000  
Operating lease liabilities – current     135,000       251,000  
Operating lease liabilities – non- current     220,000       746,000  

 

Other information related to leases is presented below:

 

Three Months Ended June 30, 2020      
Operating lease cost     49,000  
Other information:        
Operating cash flows from operating leases     46,000  
Weighted-average remaining lease term – operating leases (in months)     36.3  
Weighted-average discount rate – operating leases     6.00%  

 

Schedule of annual minimum lease payments
For Years Ending March 31,      
2021 (excluding the three months ended June 30, 2020)   $ 114,000  
2022     114,000  
2023     86,000  
2024     57,000  
Thereafter      
Total future minimum lease payments, undiscounted     370,000  
Less: imputed interest     (15,000 )
Present value of future minimum lease payments   $ 355,000