11. RELATED PARTY TRANSACTION

3 Months Ended

Jun. 30, 2022

RELATED PARTY TRANSACTION

NOTE 11 - RELATED PARTY TRANSACTION

NOTE 11—RELATED PARTY TRANSACTION

The Company incurred non-recurring engineering service expense and production charges of approximately $57,000 and $13,000 during the three months ended June 30, 2022 and 2021, 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 $30,000 and $32,000 at June 30, 2022 and March 31, 2022, respectively, is included in accounts payable in the Condensed Consolidated Balance Sheets.