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6. Prepaid Expenses and Other Current Assets
12 Months Ended
Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

NOTE 6 – Prepaid Expenses and Other Current Assets

 

Prepaid expenses and other current assets consist of the following:

 

   March 31, 
   2019   2018 
Prepaid insurance  $354,000   $440,000 
Prepaid rebates   78,000    270,000 
Tax prepaid to Mexican tax authorities   963,000    215,000 
Other prepaid expenses and other current assets   299,000    622,000 
   $1,694,000   $1,547,000 

 

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, 2019 balance sheet.