XML 13 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2024
Mar. 31, 2024
Current Assets:    
Cash and cash equivalents $ 689,000 $ 19,890,000
Short term investments 15,756,000 0
Accounts receivable, net of allowances for credit losses of $313,000 and $257,000 as of December 31, 2024 and March 31, 2024, respectively 3,512,000 1,343,000
Licensing receivable 29,000 37,000
Inventory 5,157,000 6,953,000
Prepaid purchases 139,000 107,000
Prepaid expenses and other current assets 281,000 274,000
Total Current Assets 25,563,000 28,604,000
Non-Current Assets:    
Property and equipment, net 232,000 95,000
Right-of-use asset-operating leases 476,000 282,000
Right-of-use asset-finance leases 6,000 0
Other assets 77,000 84,000
Total Non-Current Assets 791,000 461,000
Total Assets 26,354,000 29,065,000
Current Liabilities:    
Accounts payable and other current liabilities 1,205,000 1,158,000
Short-term operating lease liability 132,000 93,000
Short-term finance lease liability 1,000 0
Income tax payable, current portion 668,000 531,000
Deferred revenue 127,000 191,000
Total Current Liabilities 2,134,000 1,974,000
Non-Current Liabilities:    
Long-term operating lease liability 360,000 198,000
Long-term finance lease liability 5,000 0
Income tax payable-deferred 0 668,000
Total Non-Current Liabilities 365,000 866,000
Total Liabilities 2,499,000 2,840,000
Shareholders’ Equity:    
Series A Preferred shares — 10,000,000 shares authorized; 3,677 shares issued and outstanding; liquidation preference of $3,677,000 3,310,000 3,310,000
Common shares — $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at December 31, 2024 and March 31, 2024, respectively; 21,042,652 shares outstanding at December 31, 2024 and March 31, 2024, respectively 529,000 529,000
Additional paid-in capital 79,792,000 79,792,000
Accumulated deficit (26,575,000) (24,205,000)
Treasury stock, at cost (31,923,145 shares at December 31, 2024 and March 31, 2024, respectively) (33,201,000) (33,201,000)
Total Shareholders’ Equity 23,855,000 26,225,000
Total Liabilities and Shareholders’ Equity 26,354,000 29,065,000
Related Party [Member]    
Current Liabilities:    
Due to affiliate $ 1,000 $ 1,000