Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Mar. 31, 2016
Current Assets:    
Cash and cash equivalents $ 19,039 $ 11,704
Restricted cash 5,004 5,002
Accounts receivable, net of allowances of $7,834 at June 30, 2016 and $8,909 at March 31, 2016 15,734 13,575
Inventories 13,809 16,126
Prepaid expenses and other current assets 2,376 2,636
Total current assets 55,962 49,043
Property, plant and equipment, net 3,068 3,537
Non-current portion of inventories 2,317 2,143
Intangible assets, net 873 941
Other assets 208 228
Total 62,428 55,892
Current Liabilities:    
Accounts payable and accrued expenses 13,235 13,187
Accrued salaries and wages 1,521 1,880
Accrued warranty reserve 1,404 1,639
Deferred revenue 6,231 4,368
Revolving credit facility 6,077 9,459
Current portion of notes payable and capital lease obligations 128 361
Total current liabilities 28,596 30,894
Long-term portion of notes payable and capital lease obligations 60 74
Other long-term liabilities 183 184
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Common stock, $.001 par value; 515,000,000 shares authorized, 30,237,172 shares issued and 30,129,019 shares outstanding at June 30, 2016; 23,857,516 shares issued and 23,753,873 shares outstanding at March 31, 2016 30 24
Additional paid-in capital 866,653 853,288
Accumulated deficit (831,470) (826,955)
Treasury stock, at cost; 108,153 shares at June 30, 2016 and 103,643 shares at March 31, 2016 (1,624) (1,617)
Total stockholders' equity 33,589 24,740
Total $ 62,428 $ 55,892