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12. RELATED PARTY TRANSACTION | 12 Months Ended
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Mar. 31, 2021
RELATED PARTY TRANSACTION |
NOTE 12 - RELATED PARTY TRANSACTION | NOTE 12—RELATED PARTY TRANSACTION The Company incurred non-recurring engineering service expense and manufacturing services of approximately $482,000 and $357,000 during the fiscal years ended March 31, 2021 and 2020, respectively, from Wistron Neweb Corp (“WNC”) in connection with the design, development and manufacture of single-APU PCIe boards and LEDA-G production boards, to be used in the Company’s in-place associative computing product. Haydn Hsieh, a member of the Company’s board of directors, is the Chairman and Chief Strategy Officer of WNC. The amount owed to WNC, of $155,000 and $37,000 at March 31, 2021 and 2020, respectively, is included in accounts payable in the Consolidated Balance Sheets.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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