v3.26.3
Inventory
 12 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventory

5. Inventory

 

Inventory consisted of the following:

 

(In thousands)  March 31, 2026   March 31, 2025 
Finished goods, net  $5,388   $6,948 
Raw materials, net   3,917    4,233 
Work in process, net   990    1,275 
Inventory net   $10,295   $12,456 

 

Allowance for slow moving and obsolete inventory was estimated at $1.3 million and $1.1 million as of March 31, 2026 and March 31, 2025, respectively and was due to an increase in slow moving and additional product considered to be obsolete. Total material scrapped during fiscal 2026 and fiscal 2025 was approximately $162,000 and $296,000, respectively. Net inventory by category is calculated by allocating the total inventory allowance by the gross amounts in each category. A summary of inventory allowances as of March 31, 2026 and March 31, 2025, is as follows:

 

 Schedule of Inventory Allowances

In thousands  March 31,2026   March 31,2025 
   Inventory Allowances 
In thousands  March 31,2026   March 31,2025 
Beginning Balance  $1,054   $445 
Additions   397    884 
Scrap   (151)   (275)
Total  $1,300   $1,054 

 

 

ZRCN Inc.

 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

 

FOR THE YEARS ENDED MARCH 31, 2026 AND 2025