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Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Current assets:    
Cash $ 1,328,669 $ 1,474,339
Accounts receivable, net of allowance for doubtful accounts of $10,000 at June 30, 2021 and $35,000 at March 31, 2021 1,140,971 1,024,370
Inventories, net of reserve for obsolescence of $21,000 at June 30, 2021 and $70,000 at March 31, 2021 1,590,948 1,445,134
Prepaid expenses and other assets 104,452 154,151
Total current assets 4,165,040 4,097,994
Equipment:    
Furniture, fixtures and equipment, at cost 2,699,106 2,695,297
Accumulated depreciation (2,441,546) (2,429,580)
Equipment, net 257,560 265,717
Right of use asset 993,731 1,060,971
Patents, net of accumulated amortization of $243,488 at June 30, 2021 and $317,821 at March 31, 2021 209,023 213,368
Other assets 26,146 20,496
TOTAL ASSETS 5,651,500 5,658,546
Current liabilities:    
Accounts payable 521,026 389,088
Secured notes 21,170 20,397
Accrued compensation 215,659 181,686
Other accrued liabilities 182,914 282,102
Accrued lease liability 310,421 302,978
Total current liabilities 1,251,190 1,176,251
Long-term liability:    
Secured notes 216,150 220,263
Accrued lease liability 847,438 926,808
Unsecured promissory note 533,118 533,118
Total liabilities 2,847,896 2,856,440
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 issued and outstanding at June 30, 2021 and March 31,2021 24,274,171 24,265,831
Accumulated (deficit) (21,470,567) (21,463,725)
Total shareholders’ equity 2,803,604 2,802,106
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 5,651,500 $ 5,658,546