XML 74 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash $ 2,417,000 $ 840,000
Accounts receivable, net of allowance for doubtful accounts of $13 in 2020 and $27 in 2019 2,154,000 1,982,000
Inventories, net 9,653,000 11,274,000
Prepaid expenses and other current assets 504,000 496,000
Total current assets 14,728,000 14,592,000
Equipment and leasehold improvements, net 13,042,000 14,752,000
Operating lease right-of-use assets, net 3,834,000
Other assets 183,000 282,000
Total assets 31,787,000 29,626,000
Current liabilities:    
Accounts payable 2,137,000 4,922,000
Accrued expenses 849,000 992,000
Customer deposits 327,000 626,000
Operating lease obligations, current portion 319,000
Short-term contract obligation 38,000 285,000
Line of credit 2,000,000 2,000,000
Current maturities of long-term debt 689,000 663,000
Total current liabilities 6,359,000 9,488,000
Long-term debt, less current maturities 6,009,000 5,172,000
Long-term operating lease obligations 3,519,000
Other long-term liabilities 54,000 57,000
Total liabilities 15,941,000 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 6,011,885 shares at March 31, 2020 and 5,879,710 shares at March 31, 2019 120,000 117,000
Additional paid-in capital 32,994,000 32,447,000
Accumulated deficit (17,268,000) (17,655,000)
Total stockholders’ equity 15,846,000 14,909,000
Total liabilities and stockholders’ equity $ 31,787,000 $ 29,626,000