7. Prepaid Expenses and Other Current Assets

12 Months Ended

Mar. 31, 2018

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

NOTE 7 – Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

	March 31,
	2018		2017
Prepaid insurance	$	440,000	$	587,000
Prepaid rebates		270,000		–
Tax prepaid to Mexican tax authorities		215,000		–
Other prepaid expenses and other current assets		622,000		29,000
	$	1,547,000	$	616,000

The long-term portion of the prepayment to the Mexican tax authorities amounted to $399,000 and is recorded in other assets in the accompanying March 31, 2018 balance sheet.