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11. RELATED PARTY TRANSACTION
9 Months Ended
Dec. 31, 2020
RELATED PARTY TRANSACTION  
NOTE 11 - RELATED PARTY TRANSACTION

NOTE 11—RELATED PARTY TRANSACTION

 

The Company incurred non-recurring engineering service expense of approximately $326,000 during the nine months ended December 31, 2020 from Wistron Neweb Corp (“WNC”) in connection with the manufacturing of  single-APU PCIe 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 $243,000 at December 31, 2020, is included in accounts payable in the Condensed Consolidated Balance Sheets.