Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

v3.20.2
Inventories (Tables)
3 Months Ended
Jun. 30, 2020
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 as of June 30, 2020 and March 31, 2020 (in thousands):

 

 

 

 

 

 

 

 

 

 

June 30,

 

March 31,

 

 

    

2020

    

2020

 

Raw materials

 

$

18,558

 

$

20,672

 

Work in process

 

 

32

 

 

 3

 

Finished goods

 

 

3,346

 

 

4,820

 

Total

 

 

21,936

 

 

25,495

 

Less inventory reserve

 

 

(2,783)

 

 

(2,814)

 

Less non-current portion

 

 

(1,571)

 

 

(1,221)

 

Current portion

 

$

17,582

 

$

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 June 30, 2020 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

 

$

729

 

25 to 36 months

 

 

842

 

Total

 

$

1,571