Annual report pursuant to Section 13 and 15(d)

Inventories (Tables)

v3.21.1
Inventories (Tables)
12 Months Ended
Mar. 31, 2021
Inventories  
Summary of inventory

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