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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,007,192 $ 385,132
Accounts receivable, net of allowance for doubtful accounts of $27,000 at September 30, 2020 and $58,000 at March 31, 2020 1,038,240 881,194
Inventories, net of reserve for obsolescence of $62,000 at September 30, 2020 and $39,000 at March 31, 2020 1,557,325 1,625,901
Prepaid expenses 70,882 72,639
Total current assets 3,673,639 2,964,866
Equipment, at cost:    
Furniture, fixtures and equipment 2,969,584 3,130,640
Accumulated depreciation (2,794,340) (2,923,482)
Equipment, net 175,244 207,158
Right of use asset 1,192,787 1,317,057
Patents, net of accumulated amortization of $306,383 at September 30, 2020 and $291,337 at March 31, 2020 223,178 228,296
Other assets 20,495 19,548
TOTAL ASSETS 5,285,343 4,736,925
Current liabilities:    
Accounts payable 297,229 444,823
Line of credit 416,506 370,498
Accrued compensation 194,303 218,806
Other accrued liabilities 187,094 96,077
Accrued lease liability 288,367 278,271
Total current liabilities 1,383,499 1,408,475
Long-term liability:    
Accrued lease liability, net of current portion 1,082,608 1,144,432
Economic injury disaster loan 150,640 0
Unsecured promissory note 598,567 0
Total liabilities 3,215,314 2,552,907
Commitments and contingencies (Note 4) 0 0
Shareholders' equity:    
Preferred stock, no par value: 10,000,000 shares authorized; none issued and outstanding 0 0
Common stock and additional paid-in capital, no par value: 100,000,000 shares authorized; 11,582,641 shares issued and outstanding at September 30, 2020 and March 31, 2020 24,249,007 24,232,477
Accumulated (deficit) (22,178,978) (22,048,459)
Total shareholders' equity 2,070,029 2,184,018
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,285,343 $ 4,736,925