CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Current Assets:
Cash and cash equivalents	$ 25,096,000	$ 27,471,000
Short term investments	16,000,000	25,078,000
Accounts receivable, net	1,884,000	1,208,000
Royalty receivable	63,000	99,000
Inventory	3,164,000	838,000
Prepaid purchases	360,000	750,000
Prepaid expenses and other current assets	497,000	1,494,000
Total Current Assets	47,064,000	56,938,000
Property, plant, and equipment, net	14,000	18,000
Deferred tax assets, net	528,000	791,000
Other assets	151,000	101,000
Total Non-current Assets	693,000	910,000
Total Assets	47,757,000	57,848,000
Current Liabilities:
Accounts payable and other current liabilities	803,000	756,000
Income tax payable	250,000	165,000
Deferred revenue	50,000
Total Current Liabilities	1,103,000	921,000
Non-Current Liabilities:
Federal tax payable	2,871,000
Total Non-current Liabilities	2,871,000
Total Liabilities	3,974,000	921,000
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, 2018 and March 31, 2017, respectively; 22,799,088 and 27,065,852 shares outstanding at March 31, 2018 and March 31, 2017, respectively	529,000	529,000
Additional paid-in capital	79,792,000	79,792,000
Accumulated deficit	(9,265,000)	(2,414,000)
Treasury stock, at cost (30,166,709 and 25,899,945 shares at March 31, 2018 and March 31, 2017, respectively)	(30,583,000)	(24,290,000)
Total Shareholders’ Equity	43,783,000	56,927,000
Total Liabilities and Shareholders’ Equity	$ 47,757,000	$ 57,848,000