Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Mar. 31, 2011
Current Assets:    
Cash and cash equivalents $ 22,105 $ 33,456
Accounts receivable, net of allowance for doubtful accounts of $167 at June 30, 2011 and $212 at March 31, 2011 19,943 19,329
Inventories 22,654 19,267
Prepaid expenses and other current assets 2,073 2,369
Total current assets 66,775 74,421
Property, plant and equipment, net 5,604 5,939
Non-current portion of inventories 1,217 1,454
Intangible assets, net 3,375 3,574
Restricted cash   1,250
Other assets 358 381
Total 77,329 87,019
Current Liabilities:    
Accounts payable and accrued expenses 16,917 20,292
Accrued salaries and wages 1,937 1,555
Accrued warranty reserve 1,684 1,081
Deferred revenue 1,898 1,153
Revolving credit facility 6,394 7,080
Current portion of notes payable and capital lease obligations 36 214
Warrant liability 14,498 20,772
Total current liabilities 43,364 52,147
Long-term portion of notes payable and capital lease obligations 75 83
Other long-term liabilities 307 309
Commitments and contingencies (Note 14)    
Stockholders' Equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued    
Common stock, $.001 par value; 415,000,000 shares authorized; 260,466,375 shares issued and 259,472,964 shares outstanding at June 30, 2011; 259,544,911 shares issued and 258,595,291 shares outstanding at March 31, 2011 260 260
Additional paid-in capital 750,008 747,962
Accumulated deficit (715,544) (712,648)
Treasury stock, at cost; 975,090 shares at June 30, 2011 and 949,620 shares at March 31, 2011 (1,141) (1,094)
Total stockholders' equity 33,583 34,480
Total $ 77,329 $ 87,019