XML 20 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
INVENTORY
 9 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

NOTE 3 – INVENTORY

 

   

(in thousands)

  
   

As of

December 31, 2021

($)

    

As of

March 31, 2021

($)

  

Raw materials

     2,331       2,294  

Work-in-Progress

     2,208       2,199  

Finished goods

     889       985  

Total

     5,428       5,478  

 

Inventory in the form of work-in-progress as of December 31, 2021, is comprised of, but not limited to, harvested hemp crop hemp-based extracts, among others. 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 nine months ended December 31, 2021, inventory write down was approximately $22 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.