Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Mar. 31, 2020

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The income tax expense (benefit) from continuing operations are summarized as follows:



	Fiscal Year Ended March 31,
(in thousands)	2020			2019
Federal:
Current	$	(1	)	$	—
Deferred	—			(1		)
	(1		)	(1		)
State:
Current	19			20
Deferred	—			3
	19			23
Foreign:
Current	18			17
Deferred	—			—
	18			17
Total	$	36		$	39

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The statutory federal income tax rate is reconciled to the Company's effective income tax rates below:



	Fiscal Year Ended March 31,
	2020		2019
Statutory federal income tax rate	21.0	%	21.0	%
Meals and entertainment	(0.2	)	(0.2	)
State income tax, net of federal tax effect	1.0		(6.4	)
Valuation allowance	(20.6	)	(14.5	)
Foreign tax credit	(0.2	)	(0.2	)
Equity compensation	(1.8	)	(0.1	)
Other	0.4		—
Effective income tax rate	(0.4	)%	(0.4	)%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Components of the net deferred income tax assets are as follows:



	March 31,
(in thousands)	2020			2019
Deferred income tax assets:
Allowance for doubtful accounts	$	26		$	26
Foreign tax credit carryforward	810			810
Depreciation	165			173
Deferred revenue	339			425
Accrued compensation	214			412
Inventory reserves	817			757
Accrued warranty	41			33
Net operating loss carryforward	37,033			35,024
Intangibles and goodwill	705			272
Other	691			839
Gross deferred tax assets	40,841			38,771
Valuation allowance	(40,841		)	(38,771		)
Net deferred income tax assets	—			—
Deferred income tax liabilities:
Intangibles and goodwill	—			—
Net deferred income tax liabilities	$	—		$	—

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending balances of the total amounts of unrecognized tax benefits for fiscal years 2019 and 2020 is as follows:



	(in thousands)
Unrecognized tax benefits at March 31, 2018	$	2,962
Additions based on positions related to fiscal year 2019	—
Reductions as a result of expirations of applicable statutes of limitations	(780		)
Unrecognized tax benefits at March 31, 2019	2,182
Additions based on positions related to fiscal year 2020	—
Reductions as a result of expirations of applicable statutes of limitations	(377		)
Unrecognized tax benefits at March 31, 2020	$	1,805

Summary of Income Tax Examinations [Table Text Block]

With few exceptions, the major jurisdictions subject to examination by the relevant taxable authorities, and open tax years, stated as the Company's fiscal years, are as follows:



Jurisdiction	Open Tax Years
U.S. Federal	2016	-	2019
U.S. States	2015	-	2019
Foreign	2015	-	2019

Since net operating loss carryovers are subject to audit based on the year in which they are utilized, all of the Company’s net operating losses generated in the past are open to adjustment by the Internal Revenue Service or state tax authorities (some states have shorter carryover periods).