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INVENTORIES, NET
 6 Months Ended
Sep. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORIES, NET

NOTE 5 — INVENTORIES, NET

As of September 30, 2023 and March 31, 2023, Orion's inventory balances were as follows (dollars in thousands):

 

 

 

Cost

 

 

Excess and
Obsolescence
Reserve

 

 

Net

 

As of September 30, 2023

 

 

 

 

 

 

 

 

 

Raw materials and components

 

$

7,292

 

 

$

(1,085

)

 

$

6,207

 

Work in process

 

 

512

 

 

 

(141

)

 

 

371

 

Finished goods

 

 

14,318

 

 

 

(736

)

 

 

13,582

 

Total

 

$

22,122

 

 

$

(1,962

)

 

$

20,160

 

 

 

 

 

 

 

 

 

 

As of March 31, 2023

 

 

 

 

 

 

 

 

 

Raw materials and components

 

$

9,988

 

 

$

(1,094

)

 

$

8,894

 

Work in process

 

 

693

 

 

 

(135

)

 

 

558

 

Finished goods

 

 

9,313

 

 

 

(560

)

 

 

8,753

 

Total

 

$

19,994

 

 

$

(1,789

)

 

$

18,205