Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Mar. 31, 2019
Current Assets:    
Cash and cash equivalents $ 20,898 $ 29,727
Accounts receivable, net of allowances of $5,115 at September 30, 2019 and $5,298 at March 31, 2019 18,095 16,222
Inventories, net 19,857 20,343
Prepaid expenses and other current assets 4,178 3,818
Total current assets 63,028 70,110
Property, plant, equipment and rental assets, net 7,186 5,291
Non-current portion of inventories 1,398 1,403
Intangible assets, net 75 187
Other assets 8,508 2,972
Total assets 80,195 79,963
Current Liabilities:    
Accounts payable and accrued expenses 15,883 16,638
Accrued salaries and wages 1,631 1,637
Accrued warranty reserve 2,331 2,614
Deferred revenue 6,224 7,167
Current portion of notes payable and lease obligations 1,490 31
Total current liabilities 27,559 28,087
Deferred revenue - non-current 987 1,069
Term note payable, net 27,672 27,099
Long-term portion of notes payable and lease obligations 4,482 212
Other long-term liabilities   342
Total liabilities 60,700 56,809
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Preferred stock, $.001 par value; 1,000,000 shares authorized; none issued
Common stock, $.001 par value; 51,500,000 shares authorized, 8,425,495 shares issued and 8,395,191 shares outstanding at September 30, 2019; 7,197,349 shares issued and 7,171,110 shares outstanding at March 31, 2019 80 72
Additional paid-in capital 910,213 903,738
Accumulated deficit (889,000) (878,884)
Treasury stock, at cost; 30,304 shares at September 30, 2019 and 26,239 shares at March 31, 2019 (1,798) (1,772)
Total stockholders' equity 19,495 23,154
Total liabilities and stockholders' equity $ 80,195 $ 79,963