Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Mar. 31, 2015
Current Assets:    
Cash and cash equivalents $ 10,599 $ 32,221
Restricted cash 5,000  
Accounts receivable, net of allowances of $10,496 at September 30, 2015 and $11,041 at March 31, 2015 16,164 13,120
Inventories 28,688 23,097
Prepaid expenses and other current assets 3,179 3,063
Total current assets 63,630 71,501
Property, plant and equipment, net 4,132 3,523
Non-current portion of inventories 2,298 2,258
Intangible assets, net 1,200 1,337
Other assets 283 308
Total 71,543 78,927
Current Liabilities:    
Accounts payable and accrued expenses 25,101 22,266
Accrued salaries and wages 2,067 2,113
Accrued warranty reserve 2,474 3,183
Deferred revenue 3,427 3,051
Revolving credit facility 15,164 12,953
Current portion of notes payable and capital lease obligations 142 407
Total current liabilities 48,375 43,973
Long-term portion of notes payable and capital lease obligations 101 89
Other long-term liabilities $ 184 $ 161
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued
Common stock, $.001 par value; 515,000,000 shares authorized; 336,533,685 shares issued and 335,159,966 shares outstanding at June 30, 2015; 331,635,840 shares issued and 330,379,962 shares outstanding at March 31, 2015 $ 337 $ 332
Additional paid-in capital 839,743 837,650
Accumulated deficit (815,621) (801,764)
Treasury stock, at cost; 1,373,719 shares at September 30, 2015 and 1,255,878 shares at March 31, 2015 (1,576) (1,514)
Total stockholders' equity 22,883 34,704
Total $ 71,543 $ 78,927