Note 16 - Commitments and Contingencies

12 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

16 Commitments and Contingencies

The Company leased a

47,300

square foot facility located in San Ramon, California that expired in

April 2017.

On

January 5, 2017,

the Company entered a

seventy-seven

-month commercial building lease agreement for a

23,873

square feet facility in Dublin, California. The new lease began on

April 1, 2017.

The Company’s operations were in the Dublin facility as of

March 31, 2018.

The Company also leases certain other equipment under operating leases.

Total future minimum lease payments under the new building lease and certain equipment are as follows.

Fiscal year (Dollars in thousands)
2019	$	436
2020		450
2021		464
2022		472
Thereafter		696
Total	$	2,518

The aggregate rental expense was

$460,000

and

$523,000

in fiscal

2018

and

2017,

respectively.

The Company leases certain equipment under capital leases that expire through

May 2021.

Capital leases with costs totaling

$249,000

and

$249,000

are reported net of accumulated depreciation of

$174,000

and

$113,000

at

March 31, 2018

and

March 25, 2017,

respectively.

Total future minimum lease payments under these capital leases are as follows.

Fiscal year (Dollars in thousands)	Principal		Interest		Total
2019	$	52	$	12	$	64
2020		40		5		45
2021		22		1		23
Total	$	114	$	18	$	132

The Company is committed to purchase certain inventory under non-cancelable purchase orders. As of

March 31, 2018,

total non–cancelable purchase orders were approximately

$1,260,000

and are scheduled to be delivered to the Company at various dates through

March 2019.