Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Accounts (Tables)

v3.20.4
Balance Sheet Accounts (Tables)
9 Months Ended
Dec. 31, 2020
Balance Sheet Accounts  
Schedule of prepaid expenses

 

 

 

 

 

 

 

 

 

    

December 31,

    

March 31,

 

 

2020

 

2020

Prepaid inventory

 

$

1,499,042

 

$

1,450,024

Prepaid insurance

 

 

116,825

 

 

57,226

Other prepaid expenses

 

 

42,610

 

 

125,305

 

 

$

1,658,477

 

$

1,632,555

 

Schedule of components of equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

March 31, 2020

 

 

Accumulated

 

Accumulated

 

    

Cost

    

Depreciation

    

Net

    

Cost

    

Depreciation

    

Net

Computers and electronics

 

$

303,337

 

$

276,928

 

$

26,409

 

$

303,337

 

$

264,520

 

$

38,817

Furniture and fixtures

 

 

36,795

 

 

32,046

 

 

4,749

 

 

36,795

 

 

30,953

 

 

5,842

Demonstration equipment

 

 

135,543

 

 

68,809

 

 

66,734

 

 

135,543

 

 

37,662

 

 

97,881

Manufacturing equipment

 

 

88,742

 

 

86,977

 

 

1,765

 

 

88,742

 

 

86,688

 

 

2,054

Tools and parts

 

 

11,422

 

 

8,161

 

 

3,261

 

 

11,422

 

 

7,627

 

 

3,795

Assets under capital lease

 

 

68,453

 

 

66,151

 

 

2,302

 

 

68,453

 

 

62,698

 

 

5,755

 

 

$

644,292

 

$

539,072

 

$

105,220

 

$

644,292

 

$

490,148

 

$

154,144

 

Schedule of accrued expenses

 

 

 

 

 

 

 

 

 

    

December 31,

    

March 31,

 

 

2020

 

2020

Accrued personnel costs

 

$

951,556

 

$

591,380

Accrued director fees

 

 

647,629

 

 

325,129

Accrued commissions

 

 

5,800

 

 

30,523

Accrued professional fees

 

 

175,000

 

 

253,831

Accrued warranty costs

 

 

45,936

 

 

162,449

Accrued other

 

 

241,874

 

 

284,344

 

 

$

2,067,795

 

$

1,647,656