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INVENTORY
 6 Months Ended
Sep. 30, 2021
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

NOTE 3 – INVENTORY

 

   

(in thousands)

  
   

As of

September 30, 2021

($)

    

As of

March 31, 2021

($)

  

Raw materials

     2,293       2,294  

Work-in-Progress

     2,199       2,199  

Finished goods

     1,006       985  

Total

     5,498       5,478  

 

Inventory in the form of work-in-progress as of September 30, 2021, is comprised of, but not limited to, harvested hemp crop hemp-based extracts , among other. Inventory also includes cost related to growing crops like seeds, fertilizer, other raw materials, labor, farm related overheads and the depreciation of farming equipment, hand sanitizers, gummies, lotions, beverages, and personal protection equipment, among others.

 

During the six months ended September 30, 2021, inventory write down was of approximately $31 thousand. Write downs are due to abnormal amounts of idle facility expense, freight, handling costs, scrap, and wasted material (spoilage). This charge was recorded in Selling, General and Administrative expenses.