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Use of Estimates
6 Months Ended
Sep. 30, 2024
Use of Estimates  
Use of Estimates

Use of Estimates

The preparation of the condensed consolidated financial statements in conformity with US-GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. During the three-month period ending September 30, 2024, management increased the reserve for excess and obsolete inventory by $300,000 to reflect potential losses arising from the sale of inventory under a proposed asset purchase agreement as discussed earlier.