Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.4.0.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Mar. 31, 2015
Current Assets:    
Cash and cash equivalents $ 11,704 $ 32,221
Restricted cash 5,002  
Accounts receivable, net of allowances of $11,041 at March 31, 2015 and $2,246 at March 31, 2014 13,575 13,120
Inventories 16,126 23,097
Prepaid expenses and other current assets 2,636 3,063
Total current assets 49,043 71,501
Property, plant and equipment, net 3,537 3,523
Non-current portion of inventories 2,143 2,258
Intangible assets, net 941 1,337
Other assets 228 308
Total 55,892 78,927
Current Liabilities:    
Accounts payable and accrued expenses 13,187 22,266
Accrued salaries and wages 1,880 2,113
Accrued warranty reserve 1,639 3,183
Deferred revenue 4,368 3,051
Revolving credit facility 9,459 12,953
Current portion of notes payable and capital lease obligations 361 407
Total current liabilities 30,894 43,973
Long-term portion of notes payable and capital lease obligations 74 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, 23,857,516 shares issued and 23,753,873 shares outstanding at March 31, 2016; 16,590,058 shares issued and 16,527,264 shares outstanding at March 31, 2015 $ 24 $ 17
Additional paid-in capital 853,288 837,965
Accumulated deficit (826,955) (801,764)
Treasury stock, at cost; 103,643 shares at March 31, 2016 and 62,794 shares at March 31, 2015 (1,617) (1,514)
Total stockholders' equity 24,740 34,704
Total $ 55,892 $ 78,927