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Note 11 - Equity-Method Investments
 12 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Equity Method Investments and Joint Ventures Disclosure [Text Block]

11. Equity-Method Investments

 

Investment in NWL Pacific Inc. Co., LTD

 

The Company has a 50% ownership in NWL Pacific Inc. Co., LTD ("NWL Pacific"). The investment represents the Company's interest in NWL Pacific. The investment is a joint venture in South Korea established on May 12, 1998.

 

The Company treats the equity investment in the consolidated financial statements under the equity method. Equity method investments are equity securities in entities the Company does not control but over which it has the ability to exercise significant influence. These investments are accounted for under the equity method of accounting in accordance with ASC 323, Investments — Equity Method and Joint Ventures. Equity method investments are measured at cost minus impairment, if any, plus or minus the Company’s share of an investee’s income or loss, less distributions received. As of March 31, 2025 the Company did not have material accounts receivable nor accounts payable balances with NWL Pacific.

 

The tables below present the summarized financial information from the Acquisition Date through March 31, 2025, as provided to the Company by the investee, for the unconsolidated company (in thousands):

 

  

Fiscal year ended March 31,

 
  

2025

 

Net Revenue

 $3,702 

Gross Profit

  1,483 

Income from operations

  490 

Net income

  474 

 

  

Balance at March 31,

 
  

2025

 

Current Assets

 $5,423 

Noncurrent Assets

  377 

Current Liabilities

  2,336 

Noncurrent Liabilities

  42