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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash $ 306,001 $ 188,966
Accounts receivable 1,024,350 920,721
Inventories, net of reserve for obsolescence of $115,000 at September 30, 2023 and $51,000 at March 31, 2023 1,642,123 1,899,202
Prepaid expenses 53,234 115,714
Total current assets 3,025,708 3,124,603
Equipment:    
Furniture, fixtures and equipment, at cost 2,615,676 2,615,676
Accumulated depreciation (2,343,640) (2,312,400)
Equipment, net 272,036 303,276
Right of use asset 1,168,779 496,004
Patents, net of accumulated amortization of $313,419 at September 30, 2023 and $306,946 at March 31, 2023 167,448 163,133
Other assets 54,803 46,953
TOTAL ASSETS 4,688,774 4,133,969
Current liabilities:    
Accounts payable 300,155 252,957
Line of credit 338,414 177,402
Secured notes 44,498 44,491
Accrued compensation 167,060 217,724
Other accrued liabilities 41,186 84,578
Accrued lease liability 272,639 353,674
Total current liabilities 1,163,952 1,130,826
Long-term liability:    
Secured notes 255,704 268,512
Accrued lease liability 896,140 239,820
Total liabilities 2,315,796 1,639,158
Commitments and contingencies (Note 4)
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; 11,769,543 issued and outstanding at September 30, 2023 and March 31, 2023 24,374,224 24,348,075
Accumulated (deficit) (22,001,246) (21,853,264)
Total shareholders’ equity 2,372,978 2,494,811
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 4,688,774 $ 4,133,969