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License Agreements
12 Months Ended
Mar. 31, 2022
License Agreements [Abstract]  
License Agreements

NOTE 10 — LICENSE AGREEMENTS:

The Company is currently party to one license agreement that allows the licensee to access the Company’s trademarks for the manufacture and/or the sale of consumer electronics and other products. The license agreement (i) allows the licensee to use the Company’s trademarks for a specific product category, or for sales within specific geographic areas, or for sales to a specific customer base, or any combination of the above, or any other category that might be defined in applicable license agreement and (ii) may be subject to renewal at the initial expiration of applicable agreement and is governed by the laws of the United States. The Company recorded licensing revenues of $265,000 in fiscal 2022 and $245,000 in fiscal 2021 under the license agreement. The licensing agreement expires on December 31, 2022. A renewal agreement between the parties has yet to be determined.