Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
Current Assets:    
Cash and cash equivalents $ 49,952 $ 33,456
Accounts receivable, net of allowance for doubtful accounts of $2,228 at March 31, 2012 and $212 at March 31, 2011 18,576 19,329
Inventories 18,881 19,267
Prepaid expenses and other current assets 2,974 2,369
Total current assets 90,383 74,421
Property, plant and equipment, net 4,833 5,939
Non-current portion of inventories 1,313 1,454
Intangible assets, net 2,811 3,574
Restricted cash   1,250
Other assets 452 381
Total 99,792 87,019
Current Liabilities:    
Accounts payable and accrued expenses 23,061 20,292
Accrued salaries and wages 1,716 1,555
Accrued warranty reserve 1,494 1,081
Deferred revenue 2,995 1,153
Revolving credit facility 10,431 7,080
Current portion of notes payable and capital lease obligations 363 214
Warrant liability 791 20,772
Total current liabilities 40,851 52,147
Long-term portion of notes payable and capital lease obligations 70 83
Other long-term liabilities 254 309
Commitments and contingencies (Note 11)      
Stockholders' Equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued      
Common stock, $.001 par value; 415,000,000 shares authorized; 300,315,313 shares issued and 299,317,493 shares outstanding at March 31, 2012; 259,544,911 shares issued and 258,595,291 shares outstanding at March 31, 2011 300 260
Additional paid-in capital 790,901 747,962
Accumulated deficit (731,412) (712,648)
Treasury stock, at cost; 997,820 shares at March 31, 2012 and 949,620 shares at March 31, 2011 (1,172) (1,094)
Total stockholders' equity 58,617 34,480
Total $ 99,792 $ 87,019