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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2020
Mar. 31, 2020
Current assets:    
Cash $ 4,253,000 $ 2,417,000
Accounts receivable, net of allowance for doubtful accounts of $34 at September 30, 2020 and $13 at March 31, 2020 2,083,000 2,154,000
Inventories, net 10,074,000 9,653,000
Prepaid expenses and other current assets 433,000 504,000
Total current assets 16,843,000 14,728,000
Equipment and leasehold improvements, net 12,590,000 13,042,000
Operating lease right-of-use assets, net 3,678,000 3,834,000
Other assets 142,000 183,000
Total assets 33,253,000 31,787,000
Current liabilities:    
Accounts payable 2,300,000 2,137,000
Accrued expenses 978,000 849,000
Customer deposits 198,000 327,000
Operating lease obligations, current portion 333,000 319,000
Short-term contract obligation 38,000
Line of credit 2,000,000 2,000,000
Current maturities of long-term debt 2,197,000 689,000
Total current liabilities 8,006,000 6,359,000
Long-term debt, less current maturities 5,550,000 6,009,000
Long-term operating lease obligations 3,349,000 3,519,000
Other long-term liabilities 37,000 54,000
Total liabilities 16,942,000 15,941,000
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 6,097,073 shares at September 30, 2020 and 6,011,885 shares at March 31, 2020 122,000 120,000
Additional paid-in capital 33,164,000 32,994,000
Accumulated deficit (16,975,000) (17,268,000)
Total stockholders’ equity 16,311,000 15,846,000
Total liabilities and stockholders’ equity $ 33,253,000 $ 31,787,000