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4. BALANCE SHEET DETAIL (Tables)
12 Months Ended
Mar. 31, 2020
BALANCE SHEET DETAIL  
Schedule of inventories

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2020

    

2019

 

 

 

(In thousands)

 

Inventories:

 

 

 

 

 

 

 

Work-in-progress

 

$

1,650

    

$

1,983

 

Finished goods

 

 

2,612

 

 

3,690

 

Inventory at distributors

 

 

20

 

 

12

 

 

 

$

4,282

 

$

5,685

 

 

Schedule of accounts receivable, net

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2020

    

2019

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

Accounts receivable

 

$

6,415

    

$

7,441

 

Less: Allowances for doubtful accounts and other

 

 

(85)

 

 

(102)

 

 

 

$

6,330

 

$

7,339

 

 

Schedule of prepaid expenses and other current assets

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2020

    

2019

 

 

 

(In thousands)

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

Prepaid tooling and masks

 

$

707

 

$

535

 

Prepaid income taxes

 

 

79

 

 

39

 

Escrow deposit

 

 

 —

 

 

1,000

 

Other receivables

 

 

211

 

 

321

 

Other prepaid expenses and other current assets

 

 

937

 

 

605

 

 

 

$

1,934

 

$

2,500

 

 

Schedule of property and equipment, net

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2020

    

2019

 

 

 

(In thousands)

 

Property and equipment, net:

 

 

 

 

 

 

 

Computer and other equipment

 

$

18,191

 

$

19,086

 

Software

 

 

4,086

 

 

4,058

 

Land

 

 

3,900

 

 

3,900

 

Building and building improvements

 

 

3,735

 

 

3,718

 

Furniture and fixtures

 

 

102

 

 

102

 

Leasehold improvements

 

 

874

 

 

848

 

 

 

 

30,888

 

 

31,712

 

Less: Accumulated depreciation

 

 

(22,769)

 

 

(22,711)

 

 

 

$

8,119

 

$

9,001

 

 

Schedule of other assets

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2020

    

2019

 

 

 

(In thousands)

 

Other assets:

 

 

 

 

 

 

 

Non-current deferred income taxes

 

$

 —

 

$

35

 

Deposits

 

 

128

 

 

125

 

 

 

$

128

 

$

160

 

 

Schedule of intangible assets

The following table summarizes the components of intangible assets and related accumulated amortization balances at March 31, 2020 and 2019, respectively (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2020

 

 

    

Gross
Carrying
Amount

    

Accumulated
Amortization

    

Net Carrying
Amount

 

Intangible assets:

 

 

 

    

 

 

    

 

 

 

Product designs

 

$

590

 

$

(590)

 

$

 —

 

Patents

 

 

4,220

 

 

(1,731)

 

 

2,489

 

Software

 

 

80

 

 

(80)

 

 

 —

 

Total

 

$

4,890

 

$

(2,401)

 

$

2,489

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2019

 

 

    

Gross
Carrying
Amount

    

Accumulated
Amortization

    

Net Carrying
Amount

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

Product designs

 

$

590

 

$

(590)

 

$

 —

 

Patents

 

 

4,220

 

 

(1,498)

 

 

2,722

 

Software

 

 

80

 

 

(80)

 

 

 —

 

Total

 

$

4,890

 

$

(2,168)

 

$

2,722

 

 

Estimated future amortization expense of intangible assets

As of March 31, 2020, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands):

 

 

 

 

Fiscal year ending March 31,

 

 

 

2021

    

$

233

2022

 

 

233

2023

 

 

233

2024

 

 

233

2025

 

 

233

Thereafter

 

 

1,324

Total

 

$

2,489

 

Schedule of accrued expenses and other liabilities

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2020

    

2019

 

 

 

(In thousands)

 

Accrued expenses and other liabilities:

 

 

 

 

 

 

 

Accrued compensation

 

$

3,673

 

$

4,659

 

Purchased intellectual property

 

 

1,621

 

 

 —

 

Accrued professional fees

 

 

 —

 

 

60

 

Accrued commissions

 

 

270

 

 

304

 

Contingent consideration

 

 

 —

 

 

492

 

Accrued retention payment

 

 

 —

 

 

415

 

Miscellaneous accrued expenses

 

 

1,014

 

 

939

 

 

 

$

6,578

 

$

6,869