Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

v3.7.0.1
Inventories (Tables)
 3 Months Ended
Jun. 30, 2017
Inventories  
Summary of inventory

Inventories are valued on a first in first out (“FIFO”) basis and lower of cost or net realizable value and consisted of the following as of June 30, 2017 and March 31, 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

March 31,

 

 

    

2017

    

2017

 

Raw materials

 

$

14,921

 

$

15,035

 

Work in process

 

 

85

 

 

 —

 

Finished goods

 

 

1,319

 

 

464

 

Total

 

 

16,325

 

 

15,499

 

Less non-current portion

 

 

(887)

 

 

(961)

 

Current portion

 

$

15,438

 

$

14,538

 

 

Schedule of expected usage for non-current inventory

The Company expects to use the non-current portion of the inventories on hand as of June 30, 2017 over the periods presented in the following table (in thousands):

 

 

 

 

 

 

 

 

 

Non-current Inventory

 

 

 

 

Balance Expected

 

Expected Period of Use

    

 

to be Used

 

13 to 24 months

 

$

455

 

25 to 36 months

 

 

432

 

Total

 

$

887