Significant Accounting Policies: Inventories (Policies)

12 Months Ended

Mar. 31, 2017

Policies

Inventories

Inventories

We value our inventory at the lower of our actual cost or the current estimated market value. We regularly review inventory quantities on hand and inventory commitments with suppliers and records a provision for excess and obsolete inventory based primarily on our historical usage. During the fiscal years ended March 31, 2017 and 2016, we provided an additional $110,000 and $43,000, respectively, for excess and obsolete inventory. During the fiscal year ended March 31, 2017 and 2016, we disposed of certain obsolete inventory items in the aggregate amount of approximately $24,000 and $85,000, respectively. As of March 31, 2017 and 2016, our allowance for obsolete and excess inventory was $142,000 and $88,000, respectively.

Although we make every effort to ensure the accuracy of our forecasts of future product demand, any significant unanticipated change in demand or technological developments could have a significant impact on the value of our inventory and our reported operating results.