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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Mar. 31, 2023
Current Assets:    
Cash and cash equivalents $ 19,890,000 $ 25,268,000
Accounts receivable, net 1,343,000 1,165,000
Licensing receivable 37,000 245,000
Inventory 6,953,000 3,813,000
Prepaid purchases 107,000 247,000
Prepaid expenses and other current assets 274,000 357,000
Total Current Assets 28,604,000 31,095,000
Non-Current Assets:    
Property and equipment, net 95,000 1,000
Right-of-use asset-operating leases 282,000 200,000
Right-of-use asset-finance leases 200 1,000
Other assets 84,000 74,000
Total Non-Current Assets 461,000 276,000
Total Assets 29,065,000 31,371,000
Current Liabilities:    
Accounts payable and other current liabilities 1,158,000 641,000
Short-term operating lease liability 93,000 139,000
Short-term finance lease liability 300 1,000
Income tax payable, current portion 531,000 401,000
Advanced deposits 0 3,316,000
Deferred revenue 191,000 149,000
Total Current Liabilities 1,974,000 4,648,000
Non-Current Liabilities:    
Long-term operating lease liability 198,000 62,000
Income tax payable 668,000 1,202,000
Total Non-Current Liabilities 866,000 1,264,000
Total Liabilities 2,840,000 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 March 31, 2024 and 2023, respectively; 21,042,652 shares outstanding at March 31, 2024 and 2023, respectively 529,000 529,000
Additional paid-in capital 79,792,000 79,792,000
Accumulated deficit (24,205,000) (24,971,000)
Treasury stock, at cost (31,923,145 shares at March 31, 2024 and 2023, respectively) (33,201,000) (33,201,000)
Total Shareholders’ Equity 26,225,000 25,459,000
Total Liabilities and Shareholders’ Equity 29,065,000 31,371,000
Related Party [Member]    
Current Liabilities:    
Due to affiliate $ 1,000 $ 1,000