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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2019
Mar. 31, 2019
Current assets:    
Cash $ 1,609,000 $ 840,000
Accounts receivable, net of allowance for doubtful accounts of $13 at December 31, 2019 and $27 at March 31, 2019 1,581,000 1,982,000
Inventories, net 11,206,000 11,274,000
Prepaid expenses and other current assets 424,000 496,000
Total current assets 14,820,000 14,592,000
Equipment and leasehold improvements, net 13,474,000 14,752,000
Operating lease right-of-use assets, net 3,909,000
Other assets 234,000 282,000
Total assets 32,437,000 29,626,000
Current liabilities:    
Accounts payable 2,700,000 4,922,000
Accrued expenses 901,000 992,000
Customer deposits 409,000 626,000
Operating lease obligations, current portion 311,000
Short-term contract obligation 38,000 285,000
Line of credit 2,000,000 2,000,000
Current maturities of long-term debt 700,000 663,000
Total current liabilities 7,059,000 9,488,000
Long-term debt, less current maturities 6,172,000 5,172,000
Long-term operating lease obligations 3,603,000
Other long-term liabilities 57,000 57,000
Total liabilities 16,891,000 14,717,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock of $0.01 par value, authorized 10,000,000 shares; no shares issued and outstanding
Common stock of $0.02 par value, authorized 50,000,000 shares; issued and outstanding 5,925,717 shares at December 31, 2019 and 5,879,710 shares at March 31, 2019 118,000 117,000
Additional paid-in capital 32,817,000 32,447,000
Accumulated deficit (17,389,000) (17,655,000)
Total stockholders’ equity 15,546,000 14,909,000
Total liabilities and stockholders’ equity $ 32,437,000 $ 29,626,000