Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities:    
Net loss $ (10,686) $ (13,956)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,261 1,474
Amortization of deferred financing costs 112 37
Provision for allowance for doubtful accounts 119 566
Inventory provision 572 634
Provision for warranty expenses 2,394 3,298
Loss on disposal of equipment   2
Stock-based compensation 1,184 696
Change in fair value of warrant liability (10) (451)
Changes in operating assets and liabilities:    
Accounts receivable (580) 2,864
Inventories (2,617) (3,314)
Prepaid expenses and other current assets 67 236
Accounts payable and accrued expenses 2,624 883
Accrued salaries and wages and long term liabilities 152 (103)
Accrued warranty reserve (2,311) (2,462)
Deferred revenue (180) 17
Net cash used in operating activities (7,899) (9,579)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (582) (653)
Net cash used in investing activities (582) (653)
Cash Flows from Financing Activities:    
Net (repayments of) proceeds from revolving credit facility (1,680) 1,509
Repayment of notes payable and capital lease obligations (278) (242)
Net cash used in employee stock-based transactions (111) (30)
Proceeds from exercise of common stock warrants   4,260
Net cash (used in) provided by financing activities (2,069) 5,497
Net decrease in Cash and Cash Equivalents (10,550) (4,735)
Cash and Cash Equivalents, Beginning of Period 38,817 49,952
Cash and Cash Equivalents, End of Period 28,267 45,217
Cash paid during the period for:    
Interest 262 292
Income taxes 80 396
Supplemental Disclosures of Non-Cash Information:    
Accrued purchases of property and equipment included in accounts payable $ 58 $ 32