4. Disposition of Latin American Operations (Tables)

12 Months Ended

Mar. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of proceeds from disposition

Cash received on October 27, 2016	$	18,000,000
Cash received on March 16, 2017		1,500,000
Face value of variable consideration ($250,000 per year for ten years)		2,500,000
Total proceeds from sale		22,000,000
Equipment costs		(305,000	)
Transaction costs		(556,000	)
Total proceeds, net of transaction costs		21,139,000
Discount on variable consideration (using a 7.5% discount rate)		(752,000	)
Total proceeds, net of discount	$	20,387,000

Allocation of proceeds

Services under the Technical Services Arrangement	$	708,000
Production equipment manufactured, net		192,000
Intellectual property and territory rights		19,487,000
Total proceeds	$	20,387,000

Schedule of income from discontinued operations

	Year Ended March 31,
	2018		2017
Revenues	$	–	$	3,105,000
Cost of revenues		–		561,000
Income from discontinued operations before tax		–		2,544,000
Gain on disposal of discontinued operations before income taxes		–		19,679,000
Total income from discontinued operations, before tax		–		22,223,000
Income tax expense		–		(4,280,000	)
Income from discontinued operations, net of tax	$	–	$	17,943,000