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Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2023
Mar. 31, 2023
Current Assets:    
Cash and cash equivalents $ 3,637,000 $ 25,268,000
Short term investments 18,505,000 0
Accounts receivable, net 1,087,000 1,165,000
Licensing receivable 228,000 245,000
Inventory 5,761,000 3,813,000
Prepaid purchases 137,000 247,000
Prepaid expenses and other current assets 364,000 357,000
Total Current Assets 29,719,000 31,095,000
Non-Current Assets:    
Property and equipment, net 91,000 1,000
Right-of-use asset-operating leases 327,000 200,000
Right-of-use asset-finance leases 1,000 1,000
Other assets 84,000 74,000
Total Non-Current Assets 503,000 276,000
Total Assets 30,222,000 31,371,000
Current Liabilities:    
Accounts payable and other current liabilities 1,287,000 641,000
Short-term operating lease liability 128,000 139,000
Short-term finance lease liability 1,000 1,000
Income tax payable, current portion 609,000 401,000
Advanced deposits 0 3,316,000
Deferred revenue 212,000 149,000
Total Current Liabilities 2,238,000 4,648,000
Non-Current Liabilities:    
Long-term operating lease liability 208,000 62,000
Income tax payable-deferred 668,000 1,202,000
Total Non-Current Liabilities 876,000 1,264,000
Total Liabilities 3,114,000 5,912,000
Shareholders’ Equity:    
Series A Preferred shares — 10,000,000 shares authorized; 3,677 shares issued and outstanding; liquidation preference of $3,677,000 3,310,000 3,310,000
Common shares — $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at December 31, 2023 and March 31, 2023, respectively; 21,042,652 shares outstanding at December 31, 2023 and March 31, 2023, respectively 529,000 529,000
Additional paid-in capital 79,792,000 79,792,000
Accumulated deficit (23,322,000) (24,971,000)
Treasury stock, at cost (31,923,145 shares at December 31, 2023 and March 31, 2023, respectively) (33,201,000) (33,201,000)
Total Shareholders’ Equity 27,108,000 25,459,000
Total Liabilities and Shareholders’ Equity 30,222,000 31,371,000
Related Party [Member]    
Current Liabilities:    
Due to affiliate $ 1,000 $ 1,000