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
 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities:    
Net loss $ (19,872) $ (17,235)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,206 1,321
Amortization of deferred financing costs 129 158
Accounts receivable allowances (176) 3,101
Inventory provision 898 1,119
Provision for warranty expenses 266 2,210
Loss on disposal of equipment 10 4
Stock-based compensation 1,504 1,795
Changes in operating assets and liabilities:    
Accounts receivable (555) 3,338
Inventories 1,739 (7,521)
Prepaid expenses and other current assets 4 (1,180)
Accounts payable and accrued expenses (248) (4,732)
Accrued salaries and wages and long term liabilities (411) (366)
Accrued warranty reserve (1,249) (2,378)
Deferred revenue 907 3,939
Net cash used in operating activities (15,848) (16,427)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (1,437) (1,162)
Net cash used in investing activities (1,437) (1,162)
Cash Flows from Financing Activities:    
Net proceeds from (repayments of) revolving credit facility (3,353) 1,117
Changes in restricted cash (5,000)  
Repayment of notes payable and capital lease obligations (435) (405)
Net cash (used in) provided by employee stock-based transactions (90) 136
Net proceeds from issuance of common stock at-the-market-offering program 7,412  
Net proceeds from issuance of common stock   29,772
Net cash (used in) provided by financing activities (1,466) 30,620
Net (decrease) increase in Cash and Cash Equivalents (18,751) 13,031
Cash and Cash Equivalents, Beginning of Period 32,221 27,859
Cash and Cash Equivalents, End of Period 13,470 40,890
Cash paid during the period for:    
Interest 371 263
Income taxes 5 86
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable 43 58
Renewal of insurance contracts which was financed by notes payable 477 447
Acquisition of property and equipment in consideration for the issuance of a note payable $ 101 $ 418