OTHER NONCURRENT LIABILITY |
6 Months Ended |
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Sep. 30, 2022 | |
OTHER NONCURRENT LIABILITY. | |
OTHER NONCURRENT LIABILITY | NOTE 13 - OTHER NONCURRENT LIABILITY The Company purchased new equipment in fiscal 2022 for contract project work with a certain customer. Under an addendum to the contract purchase orders, that customer agreed to reimburse the Company for the cost of the new equipment. We received the first payment in January 2022 and two additional payments in April 2022. In case of a contract breach, at the time of the breach, the customer may claw back the funds based on a prorated ten-year straight-line annual declining balance recovery period. Customer payments received of $1.3 million and $0.3 million are recorded as a noncurrent liability in the condensed consolidated balance sheets at September 30, 2022 and March 31, 2022, respectively. |