Annual report pursuant to Section 13 and 15(d)

Inventories (Tables)

Inventories (Tables)

12 Months Ended

Mar. 31, 2021

Inventories are valued at the lower of cost (determined on a first in first out (“FIFO”) basis) or net realizable value and consisted of the following (in thousands):


	March 31,		March 31,
	2021		2020
Raw materials	$	15,755	$	20,672
Work in process		(30)		3
Finished goods		—		4,820
Total		15,725		25,495
Less: inventory reserve		(2,051)		(2,814)
Less: non-current portion		(1,845)		(1,221)
Total inventory, net-current portion	$	11,829	$	21,460

Schedule of expected usage for non-current inventory

The Company expects to use the non‑current portion of the inventories on hand as of March 31, 2021 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	$	785
25 to 36 months		1,060
Total	$	1,845