Company: ZRCN
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006748
Chunk: 17

Company: ZRCN Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 17
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of Revenue Disaggregated Geographical Location of Customers 

    (In thousands) 
    2024  
    2023  
    2024  
    2023 

    For the Three Months Ended December 31,  
    For the Nine Months Ended December 31, 
  
    (In thousands) 
    2024  
    2023  
    2024  
    2023 
  
    Revenue by geographic location of customers 
    (Unaudited)  
    (Unaudited) 
  
    United States 
    $6,262  
    $6,456  
    $19,781  
    $20,682 
  
    Canada 
     420  
     611  
     1,243  
     1,395 
  
    Japan 
     348  
     244  
     347  
     673 
  
    Europe 
     105  
     113  
     804  
     233 
  
    Others 
     101  
     115  
     234  
     385 
  
    Total Revenue 
    $7,236  
    $7,539  
    $22,409  
    $23,368 

6.
Inventory

Inventory
consisted of the following:

Schedule
of Inventory 

    December 31, 2024  
    March 31, 2024 
  
    (In thousands) 
    (Unaudited)  
    (Audited) 
  
    Finished goods, net 
    $7,803  
    $6,930 
  
    Raw materials, net 
     3,728  
     4,909 
  
    Work in process, net 
     1,356  
     2,218 
  
    Inventory
    net 
    $12,887  
    $14,057 

Allowance
for slow moving and obsolete inventory was estimated at $0.6 million and $0.4 million as of December 31, 2024 and March 31, 2024, respectively.

    17

ZRCN
Inc.

CONDENSED
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE NINE MONTHS ENDED DECEMBER 31, 2024 AND