XML 17 R3.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current Assets:    
Cash and cash equivalents $ 9,194,000 $ 1,186,000
Short term investments 3,138,000 14,868,000
Accounts receivable, net 1,293,000 1,499,000
Licensing receivable 106,000 42,000
Inventory 4,128,000 4,909,000
Prepaid purchases 74,000 43,000
Prepaid expenses and other current assets 194,000 247,000
Total Current Assets 18,127,000 22,794,000
Non-Current Assets:    
Property and equipment, net 129,000 211,000
Right-of-use asset-operating leases 300,000 443,000
Right-of-use asset-finance leases 4,300 6,000
Other assets 76,000 76,000
Total Non-Current Assets 509,000 736,000
Total Assets 18,636,000 23,530,000
Current Liabilities:    
Accounts payable and other current liabilities 1,111,000 808,000
Short-term operating lease liability 162,000 136,000
Short-term finance lease liability 1,400 1,000
Income tax payable, current portion 5,000 668,000
Deferred revenue 0 96,000
Total Current Liabilities 1,280,000 1,710,000
Non-Current Liabilities:    
Long-term operating lease liability 158,000 321,000
Long-term finance lease liability 3,700 5,000
Total Non-Current Liabilities 162,000 326,000
Total Liabilities 1,442,000 2,036,000
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, 2026 and 2025, respectively; 21,042,652 shares outstanding at March 31, 2026 and 2025, respectively 529,000 529,000
Additional paid-in capital 79,792,000 79,792,000
Accumulated deficit (33,236,000) (28,936,000)
Treasury stock, at cost (31,923,145 shares at March 31, 2026 and 2025, respectively) (33,201,000) (33,201,000)
Total Shareholders’ Equity 17,194,000 21,494,000
Total Liabilities and Shareholders’ Equity 18,636,000 23,530,000
Related Party [Member]    
Current Liabilities:    
Due to affiliate $ 1,000 $ 1,000