Condensed Consolidated Balance Sheet

6 Months Ended

Sep. 30, 2022

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

Condensed Consolidated Balance Sheet

Note 4. Condensed Consolidated Balance Sheet

Inventories, net

Inventories, net consist of the following: 

	September 30,		March 31,
	2022		2022
Raw materials	$	1,575,000	$	1,626,000
Finished goods		1,450,000		1,037,000
Inventories, net	$	3,025,000	$	2,663,000

Leases

The Company's operating leases are comprised primarily of facility leases. The Company did not have any finance leases as of September 30, 2022 and March 31, 2022. Balance sheet information related to our leases is presented below: 

	September 30,		March 31,
	2022		2022
Operating leases:
Operating lease right-of-use assets	$	530,000	$	559,000
Operating lease liabilities – current		282,000		250,000
Operating lease liabilities – non- current		248,000		309,000

Other information related to leases is presented below:

Six Months Ended September 30, 2022
Operating lease cost	188,000
Other information:
Operating cash flows from operating leases	21,000
Weighted-average remaining lease term – operating leases (in months)	23.90
Weighted-average discount rate – operating leases	6.00%

As of September 30, 2022, the annual minimum lease payments of our operating lease liabilities were as follows: 

For Years Ending March 31,
2023 (excluding the six months ended September 30, 2022)	$	160,000
2024		275,000
2025		135,000
2026		14,000
Total future minimum lease payments, undiscounted		584,000
Less: imputed interest		(54,000	)
Present value of future minimum lease payments	$	530,000