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 ($)
 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net loss $ (7,760,000) $ (10,382,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 583,000 802,000
Amortization of deferred financing costs 133,000 86,000
Reduction in accounts receivable allowances (22,000) (1,396,000)
Inventory provision 590,000 483,000
Provision for warranty expenses 995,000 775,000
Loss on disposal of equipment 26,000 170,000
Stock-based compensation 307,000 479,000
Change in warrant valuation 657,000  
Changes in operating assets and liabilities:    
Accounts receivable 3,778,000 2,221,000
Inventories (2,360,000) (1,442,000)
Prepaid expenses and other current assets 266,000 322,000
Accounts payable and accrued expenses (790,000) (1,156,000)
Accrued salaries and wages and long term liabilities (7,000) (55,000)
Accrued warranty reserve (2,199,000) (1,087,000)
Deferred revenue (49,000) 153,000
Net cash used in operating activities (5,852,000) (10,027,000)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (521,000) (84,000)
Net cash used in investing activities (521,000) (84,000)
Cash Flows from Financing Activities:    
Net repayments of revolving credit facility (1,958,000) (3,281,000)
Repayment of notes payable and capital lease obligations (183,000) (298,000)
Cash used in employee stock-based transactions (22,000) (17,000)
Net proceeds from issuance of common stock and warrants 3,987,000 13,113,000
Net cash provided by financing activities 1,824,000 9,517,000
Net decrease in Cash, Cash Equivalents and Restricted Cash (4,549,000) (594,000)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 19,705,000 16,706,000
Cash, Cash Equivalents and Restricted Cash, End of Period 15,156,000 16,112,000
Cash paid during the period for:    
Interest 205,000 87,000
Income taxes 7,000  
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable $ 99,000 $ 27,000