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, 2017
Mar. 31, 2017
Current Assets:    
Cash and cash equivalents $ 11,522 $ 14,191
Restricted cash 5,000 5,514
Accounts receivable, net of allowances of $6,154 at December 31, 2017 and $6,845 at March 31, 2017 16,078 17,003
Inventories 14,223 14,538
Prepaid expenses and other current assets 3,063 3,073
Total current assets 49,886 54,319
Property, plant and equipment, net 2,986 2,115
Non-current portion of inventories 1,040 961
Intangible assets, net 467 651
Other assets 290 225
Total assets 54,669 58,271
Current Liabilities:    
Accounts payable and accrued expenses 12,762 14,719
Accrued salaries and wages 1,260 1,819
Accrued warranty reserve 1,760 3,766
Deferred revenue 5,232 5,050
Revolving credit facility 10,966 11,533
Current portion of notes payable and capital lease obligations 318 302
Total current liabilities 32,298 37,189
Long-term portion of notes payable and capital lease obligations 17 26
Other long-term liabilities 118 158
Total liabilities 32,433 37,373
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, 50,334,343 shares issued and 50,188,428 shares outstanding at December 31, 2017; 38,920,174 shares issued and 38,803,630 shares outstanding at March 31, 2017 50 39
Additional paid-in capital 884,126 874,697
Accumulated deficit (860,282) (852,199)
Treasury stock, at cost; 145,915 shares at December 31, 2017 and 116,544 shares at March 31, 2017 (1,658) (1,639)
Total stockholders' equity 22,236 20,898
Total liabilities and stockholders' equity $ 54,669 $ 58,271