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, 2016
Mar. 31, 2016
Current Assets:    
Cash and cash equivalents $ 14,361 $ 11,704
Restricted cash 5,009 5,002
Accounts receivable, net of allowances of $7,050 at December 31, 2016 and $8,909 at March 31, 2016 13,213 13,575
Inventories 14,732 16,126
Prepaid expenses and other current assets 3,339 2,636
Total current assets 50,654 49,043
Property, plant and equipment, net 2,829 3,537
Non-current portion of inventories 1,949 2,143
Intangible assets, net 736 941
Other assets 234 228
Total 56,402 55,892
Current Liabilities:    
Accounts payable and accrued expenses 12,126 13,187
Accrued salaries and wages 1,430 1,880
Accrued warranty reserve 4,311 1,639
Deferred revenue 4,580 4,368
Revolving credit facility 8,665 9,459
Current portion of notes payable and capital lease obligations 476 361
Warrant liability 2,463  
Total current liabilities 34,051 30,894
Long-term portion of notes payable and capital lease obligations 30 74
Other long-term liabilities 168 184
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, 35,841,462 shares issued and 35,724,994 shares outstanding at December 31, 2016; 23,857,516 shares issued and 23,753,873 shares outstanding at March 31, 2016 36 24
Additional paid-in capital 870,001 853,288
Accumulated deficit (846,245) (826,955)
Treasury stock, at cost; 116,468 shares at December 31, 2016 and 103,643 shares at March 31, 2016 (1,639) (1,617)
Total stockholders' equity 22,153 24,740
Total $ 56,402 $ 55,892