Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.21.2
Condensed Consolidated Balance Sheet (Tables)
 6 Months Ended
Sep. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Inventories
               
    September 30,     March 31,  
    2021     2021  
Raw materials   $ 1,709,000     $ 1,670,000  
Finished goods     773,000       860,000  
Inventories, net    $ 2,482,000     $ 2,530,000  
Lease information
               
    September 30,     March 31,  
    2021     2021  
Operating leases:                
Operating lease right-of-use assets   $ 700,000     $ 769,000  
Operating lease liabilities – current     276,000       240,000  
Operating lease liabilities – non- current     424,000       529,000  

 

Other information related to operating leases is presented below:

 

Six Months Ended September 30, 2021    
Operating lease cost   185,000  
Other information:      
Operating cash flows from operating leases   76,000  
Weighted-average remaining lease term – operating leases (in months)   31.90  
Weighted-average discount rate – operating leases   6.00%  
Schedule of minimum operating lease liabilities
     
For Years Ending March 31,    
2022 (excluding the six months ended September 30, 2021) $ 165,000  
2023   295,000  
2024   208,000  
2025   103,000  
2026   14,000  
Thereafter   –  
Total future minimum lease payments, undiscounted   785,000  
Less: imputed interest   (85,000 )
Present value of future minimum lease payments $ 700,000