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Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Mar. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,186,000 $ 19,890,000
Short term investments 14,868,000 0
Accounts receivable, net 1,499,000 1,343,000
Licensing receivable 42,000 37,000
Inventory 4,909,000 6,953,000
Prepaid purchases 43,000 107,000
Prepaid expenses and other current assets 247,000 274,000
Total Current Assets 22,794,000 28,604,000
Non-Current Assets:    
Property and equipment, net 211,000 95,000
Right-of-use asset-operating leases 443,000 282,000
Right-of-use asset-finance leases 5,700 0
Other assets 76,000 84,000
Total Non-Current Assets 736,000 461,000
Total Assets 23,530,000 29,065,000
Current Liabilities:    
Accounts payable and other current liabilities 808,000 1,158,000
Short-term operating lease liability 136,000 93,000
Short-term finance lease liability 1,200 0
Income tax payable, current portion 668,000 531,000
Deferred revenue 96,000 191,000
Total Current Liabilities 1,710,000 1,974,000
Non-Current Liabilities:    
Long-term operating lease liability 321,000 198,000
Long-term finance lease liability 5,100 0
Income tax payable 0 668,000
Total Non-Current Liabilities 326,000 866,000
Total Liabilities 2,036,000 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 March 31, 2025 and 2024, respectively; 21,042,652 shares outstanding at March 31, 2025 and 2024, respectively 529,000 529,000
Additional paid-in capital 79,792,000 79,792,000
Accumulated deficit (28,936,000) (24,205,000)
Treasury stock, at cost (31,923,145 shares at March 31, 2025 and 2024, respectively) (33,201,000) (33,201,000)
Total Shareholders’ Equity 21,494,000 26,225,000
Total Liabilities and Shareholders’ Equity 23,530,000 29,065,000
Related Party [Member]    
Current Liabilities:    
Due to affiliate $ 1,000 $ 1,000