Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 285

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 1A
Chunk 285
---
,787 
  
    Stud
    sensor center 
     5,748  
     5,324 
  
    Target
    control products 
     1,571  
     1,596 
  
    Other 
     1,344  
     1,160 
  
    Total
    Revenue 
    $28,075  
    $31,519 

Revenue
disaggregated according to the geographical location of customers for the years ended March 31, 2025 and 2024, respectively, were as
follows:

Schedule
of Revenue Disaggregated Geographical Location of Customers 

    (In
    thousands) 
    2025  
    2024 

    For
    the Year Ended March 31, 
  
    (In
    thousands) 
    2025  
    2024 
  
    Revenue
    by geographic location of customers 

    United
    States 
    $24,617  
    $27,990 
  
    Canada 
     1,762  
     1,697 
  
    Japan 
     1,138  
     938 
  
    Europe 
     477  
     350 
  
    Others 
     81  
     544 
  
    Total
    Revenue 
    $28,075  
    $31,519 

6.
Inventory

Inventory
consisted of the following:

Schedule
of Inventory 

    (In
    thousands) 
    March
    31, 2025  
    March
    31, 2024 
  
    Finished
    goods, net 
    $6,948  
    $6,930 
  
    Raw
    materials, net 
     4,233  
     4,909 
  
    Work
    in process, net 
     1,275  
     2,218 
  
    Inventory
    net 
    $12,456  
    $14,057 

Allowance
for slow moving and obsolete inventory was estimated at $1.1 million and $0.4 million as of March
31, 2025 and March 31, 2024, respectively.

    F-18

ZRCN
                                            Inc.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED MARCH 31,