Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Mar. 31, 2015
Current Assets:    
Cash and cash equivalents $ 13,470 $ 32,221
Restricted cash 5,000  
Accounts receivable, net of allowances of $10,593 at December 31, 2015 and $11,041 at March 31, 2015 13,851 13,120
Inventories 20,431 23,097
Prepaid expenses and other current assets 2,941 3,063
Total current assets 55,693 71,501
Property, plant and equipment, net 3,854 3,523
Non-current portion of inventories 2,287 2,258
Intangible assets, net 1,132 1,337
Other assets 281 308
Total 63,247 78,927
Current Liabilities:    
Accounts payable and accrued expenses 21,351 22,266
Accrued salaries and wages 1,679 2,113
Accrued warranty reserve 2,200 3,183
Deferred revenue 3,958 3,051
Revolving credit facility 9,600 12,953
Current portion of notes payable and capital lease obligations 540 407
Total current liabilities 39,328 43,973
Long-term portion of notes payable and capital lease obligations 77 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; 19,767,772 shares issued and 19,663,666 shares outstanding at December 31,2015; 16,589,848 shares issued and 16,527,054 shares outstanding at March 31, 2015 $ 354 $ 332
Additional paid-in capital 846,557 837,650
Accumulated deficit (821,636) (801,764)
Treasury stock, at cost; 104,106 at December 31, 2015 and 62,794 shares at March 31, 2015 (1,617) (1,514)
Total stockholders' equity 23,658 34,704
Total $ 63,247 $ 78,927