Note 3 - Inventories

3 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

3. INVENTORIES

Inventories are stated at the lower of cost or net realizable value. Cost is determined by the

first

-in,

first

-out method. Inventories consist of the following at:

	June 3 0 , 201 9		March 31, 201 9
	(in thousands)
Raw materials	$	408	$	495
Work in process		2,799		4,032
Finished goods		8,195		6,587
Supplies		168		160
Inventories, net	$	11,570	$	11,274

The Company recognizes abnormal production costs, including fixed cost variances from normal production capacity, as an expense in the period incurred. The Company expensed abnormal production costs of

$250,000

to cost of sales for the

three

months ended

June 30, 2018.

There were

no

abnormal production costs for the

three

months ended

June 30, 2019.

Non-inventoriable fixed costs of

$14,000

and

$125,000

were expensed to cost of sales for the

three

months ended

June 30, 2019

and

2018,

respectively.