Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet (Tables)

v3.22.2.2
Condensed Consolidated Balance Sheet (Tables)
 6 Months Ended
Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Inventories
           
    September 30,     March 31,  
    2022     2022  
Raw materials   $ 1,575,000     $ 1,626,000  
Finished goods     1,450,000       1,037,000  
 Inventories, net   $ 3,025,000     $ 2,663,000  
Lease information
           
    September 30,     March 31,  
    2022     2022  
Operating leases:                
Operating lease right-of-use assets   $ 530,000     $ 559,000  
Operating lease liabilities – current     282,000       250,000  
Operating lease liabilities – non- current     248,000       309,000  

 

Other information related to leases is presented below:

 

Six Months Ended September 30, 2022      
Operating lease cost     188,000  
Other information:        
Operating cash flows from operating leases     21,000  
Weighted-average remaining lease term – operating leases (in months)     23.90  
Weighted-average discount rate – operating leases     6.00%  
Schedule of minimum operating lease liabilities
     
For Years Ending March 31,      
2023 (excluding the six months ended September 30, 2022)   $ 160,000  
2024     275,000  
2025     135,000  
2026     14,000  
Total future minimum lease payments, undiscounted     584,000  
Less: imputed interest     (54,000 )
Present value of future minimum lease payments   $ 530,000