Quarterly report pursuant to Section 13 or 15(d)

5. Condensed Consolidated Balance Sheets (Tables)

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

Inventories, net consist of the following:  

    September 30,     March 31,  
    2020     2020  
Raw materials   $ 2,098,000     $ 1,128,000  
Finished goods     1,606,000       1,064,000  
    $ 3,704,000     $ 2,192,000  
Schedule of leases

Balance sheet information related to our leases is presented below:

 

    September 30,     March 31,  
    2020     2020  
Operating leases:                
Operating lease right-of-use assets   $ 634,000     $ 963,000  
Operating lease liabilities – current     188,000       251,000  
Operating lease liabilities – non- current     469,000       746,000  

 

As of June 30, 2020, the annual minimum lease payments of our operating lease liabilities were as follows:

 

    Three Months Ended September 30,     Six Months Ended September 30  
    2020     2019     2020     2019  
Operating Lease Costs     121,000       148,000       286,000       298,000  
Operating cash flows from operating leases                     330,000       256,000  
Schedule of annual minimum lease payments
For Years Ending March 31,      
2021 (excluding the six months ended September 30, 2020)   $ 100,000  
2022     213,000  
2023     171,000  
2024     139,000  
2025     85,000  
Thereafter     7,000  
Total future minimum lease payments, undiscounted     715,000  
Less: imputed interest     (58,000 )
Present value of future minimum lease payments   $ 657,000  
Weighted-average remaining lease term – operating leases (in months)     44  
Weighted-average discount rate – operating leases     6.00%