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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2022
Mar. 31, 2022
Current assets:    
Cash $ 379,000 $ 2,589,000
Accounts receivable, net of allowance for doubtful accounts of $67 as of September 30, 2022 and March 31, 2022 2,118,000 3,664,000
Inventories 12,088,000 9,466,000
Prepaid expenses and other current assets 356,000 545,000
Total current assets 14,941,000 16,264,000
Equipment and leasehold improvements, net 11,747,000 11,885,000
Operating lease right-of-use assets, net 3,573,000 3,787,000
Other assets 92,000 109,000
Total assets 30,353,000 32,045,000
Current liabilities:    
Accounts payable 1,544,000 2,362,000
Accrued expenses 1,078,000 1,412,000
Customer deposits 92,000 164,000
Operating lease obligations, current portion 294,000 393,000
Line of credit 1,300,000 0
Current maturities of long-term debt 277,000 490,000
Total current liabilities 4,585,000 4,821,000
Long-term debt, less current maturities 4,212,000 4,336,000
Long-term operating lease obligations 3,265,000 3,386,000
Other long-term liabilities 5,000 15,000
Total liabilities 12,067,000 12,558,000
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 6,271,971 shares at September 30, 2022 and 6,202,223 shares at March 31, 2022 125,000 124,000
Additional paid-in capital 33,767,000 33,557,000
Accumulated deficit (15,606,000) (14,194,000)
Total stockholders’ equity 18,286,000 19,487,000
Total liabilities and stockholders’ equity $ 30,353,000 $ 32,045,000