Acquisitions (Tables)

12 Months Ended

Mar. 31, 2019

The consideration transferred and purchase price allocation is as follows:

	Provisional Estimated Fair Value			Subsequent Changes in			Final Estimated Fair Value
	December 21, 2018			Valuation Estimates			March 31, 2019
Consideration
Cash consideration	$	4,417,000		$	-		$	4,417,000
Working capital adjustment		-			42,000			42,000
Contingent consideration		3,560,000			-			3,560,000
Total	$	7,977,000		$	42,000		$	8,019,000

Purchase price allocation
Accounts receivable, net of allowances	$	985,000		$	308,000		$	1,293,000
Inventory		1,683,000			(59,000	)		1,624,000
Prepaid expenses and other current assets		14,000			-			14,000
Plant and equipment		97,000			-			97,000
Order backlog		370,000			(50,000	)		320,000
Customer relationships		2,630,000			40,000			2,670,000
Developed technology		2,660,000			-			2,660,000
Accounts payable and accrued liabilities		(202,000	)		-			(202,000	)
Customer deposits		(1,111,000	)		-			(1,111,000	)
Fair value of net assets acquired		7,126,000			239,000			7,365,000
Goodwill	$	851,000		$	(197,000	)	$	654,000

The consideration transferred and provisional purchase price allocation is as follows:

	Provisional Estimated Fair Value
	January 9, 2019
Consideration
Cash consideration	$	8,049,000
Working capital adjustment		(71,000	)
Contingent consideration		840,000
Total	$	8,818,000
Purchase price allocation
Cash	$	1,331,000
Accounts receivable		2,838,000
Inventory		6,005,000
Prepaid expenses and other current assets		239,000
Remanufactured cores held at customers' locations		155,000
Plant and equipment		1,282,000
Trademarks		130,000
Accounts payable and accrued expenses		(2,097,000	)
Customer finished goods returns accrual		(221,000	)
Customer deposits		(824,000	)
Other liabilities		(20,000	)
Fair value of net assets acquired	$	8,818,000