INVENTORIES AND DEFERRED COSTS

12 Months Ended

Mar. 31, 2026

NOTE 6 – INVENTORIES AND DEFERRED COSTS

Inventories are stated at the lower of actual cost or net realizable value. Cost is determined by using the FIFO method. Inventories consisted of the following (in thousands):


	March 31,
	2026		2025
Raw materials	$	7,516	$	7,172
Work in process		—		47
Finished goods		4,035		3,890
Deferred costs		1,770		1,782
	$	13,321	$	12,891