v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,203,000) $ (5,267,000)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Depreciation and amortization 1,479,000 1,589,000
Loss on impairment of assets 5,000 0
Amortization of debt issue costs and other assets 25,000 (13,000)
Amortization of operating leases right-of-use assets 400,000 492,000
Share-based compensation expense 247,000 359,000
Provision for credit losses 5,000 22,000
Net (increase) decrease in assets:    
Accounts receivable 144,000 (793,000)
Inventories (473,000) 3,394,000
Prepaid expenses and other assets (79,000) 2,000
Net increase (decrease) in liabilities:    
Accounts payable 721,000 467,000
Accrued expenses (2,000) (329,000)
Customer deposits (88,000) 109,000
Operating lease obligations (374,000) (484,000)
Other liabilities 0 (3,000)
Net cash used in operating activities (1,193,000) (455,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment and leasehold improvements (247,000) (381,000)
Net cash used in investing activities (247,000) (381,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on short term debt and line of credit – bank (480,000) (575,000)
Draws on short term debt and line of credit – bank 0 275,000
Draws on line of credit – related party 1,750,000 750,000
Principal payments on long-term debt – bank (266,000) (241,000)
Proceeds from the issuance of common stock, net of expenses 0 388,000
Taxes paid related to net share settlement of restricted stock units (14,000) (28,000)
Net cash provided by financing activities 990,000 569,000
Net decrease in cash (450,000) (267,000)
Cash at beginning of year 707,000 974,000
Cash at end of year 257,000 707,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 630,000 583,000
Income taxes $ 8,000 $ 6,000