12. RELATED PARTY TRANSACTION

12 Months Ended

Mar. 31, 2022

RELATED PARTY TRANSACTION

NOTE 12 - RELATED PARTY TRANSACTION

NOTE 12—RELATED PARTY TRANSACTION

The Company incurred non-recurring engineering service expense and manufacturing services of approximately $397,000, $482,000 and $357,000 during the fiscal years ended March 31, 2022, 2021 and 2020, respectively, from Wistron Neweb Corp (“WNC”) in connection with the manufacturing of single-APU PCIe boards, to be used in the Company’s in-place associative computing product. Haydn Hsieh, a member of the Company’s board of directors, is the Chairman and Chief Strategy Officer of WNC. The amount owed to WNC, of $32,000 and $155,000 at March 31, 2022 and 2021, respectively, is included in accounts payable in the Consolidated Balance Sheets.