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4. Disposition of Latin American Operations (Tables)
 9 Months Ended
Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of proceeds from disposition
Cash received on October 27, 2016  $18,000,000 
Cash held in escrow until delivery of equipment   1,500,000 
Face value of variable consideration ($250,000 per year for ten years)   2,500,000 
Total proceeds from sale   22,000,000 
Transaction costs   556,000 
Total proceeds, net of transaction costs   21,444,000 
Discount on variable consideration (using a 7.5% discount rate)   752,000 
Total proceeds, net of discount  $20,692,000 
Allocation of proceeds
Services under the Technical Services Arrangement  $708,000 
Production equipment to be manufactured   497,000 
Intellectual property and territory rights   19,487,000 
Total proceeds  $20,692,000 
Schedule of discontinued assets and liabilities
  

December 31,

2016

  

March 31,

2016

 
Assets          
Accounts receivable (net)  $–   $766,000 
Inventories   –    45,000 
Total current assets of discontinued operations  $–   $811,000 
           
Liabilities          
Deferred Revenue  $–   $300,000 
Total current liabilities of discontinued operations  $–   $300,000 
           
Deferred Revenue, less current portion  $–   $112,000 
Total Long-term liabilities of discontinued operations  $–   $112,000 
Schedule of income from discontinued operations
  

Three Months Ended

December 31,

  

Nine Months Ended

December 31,

 
   2016   2015   2016   2015 
Revenues  $621,000   $1,336,000   $3,105,000   $4,760,000 
Cost of Revenues   62,000    271,000    561,000    954,000 
Income from discontinued operations before tax   559,000    1,065,000    2,544,000    3,806,000 
Gain on disposal of discontinued operations before income taxes   19,487,000    –    19,487,000    – 
Total income from discontinued operations, before tax   20,046,000    1,065,000    22,031,000    3,806,000 
Income Tax benefit (expense)   (4,581,000)   –    (4,581,000)   – 
Income from discontinued operations, net of tax  $15,465,000   $1,065,000   $17,450,000   $3,806,000