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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2021
Mar. 31, 2021
Current assets:    
Cash $ 2,298,000 $ 3,767,000
Accounts receivable, net of allowance for doubtful accounts of $156 as of December 31, 2021 and $32 as of March 31, 2021 4,526,000 2,436,000
Inventories 8,724,000 8,415,000
Prepaid expenses and other current assets 293,000 488,000
Total current assets 15,841,000 15,106,000
Equipment and leasehold improvements, net 11,936,000 12,136,000
Operating lease right-of-use assets, net 3,412,000 3,517,000
Other assets 112,000 120,000
Total assets 31,301,000 30,879,000
Current liabilities:    
Accounts payable 2,275,000 2,287,000
Accrued expenses 1,291,000 844,000
Customer deposits 83,000 124,000
Operating lease obligations, current portion 382,000 343,000
Line of credit 0 1,000,000
Current maturities of long-term debt 626,000 1,210,000
Total current liabilities 4,657,000 5,808,000
Long-term debt, less current maturities 4,400,000 4,823,000
Long-term operating lease obligations 3,027,000 3,175,000
Other long-term liabilities 20,000 32,000
Total liabilities 12,104,000 13,838,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock of $0.01 par value, authorized 10,000,000 shares; no shares issued and outstanding 0 0
Common stock of $0.02 par value, authorized 50,000,000 shares; issued and outstanding 6,194,166 shares at December 31, 2021 and 6,116,073 shares at March 31, 2021 124,000 122,000
Additional paid-in capital 33,544,000 33,267,000
Accumulated deficit (14,471,000) (16,348,000)
Total stockholders’ equity 19,197,000 17,041,000
Total liabilities and stockholders’ equity $ 31,301,000 $ 30,879,000