Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Mar. 31, 2019
Current Assets:    
Cash and cash equivalents $ 16,730 $ 29,727
Accounts receivable, net of allowances of $267 at December 31, 2019 and $5,298 at March 31, 2019 19,821 16,222
Inventories, net 20,855 20,343
Prepaid expenses and other current assets 3,904 3,818
Total current assets 61,310 70,110
Property, plant, equipment and rental assets, net 7,744 5,291
Non-current portion of inventories 1,229 1,403
Intangible assets, net 19 187
Other assets 8,363 2,972
Total assets 78,665 79,963
Current Liabilities:    
Accounts payable and accrued expenses 19,351 16,638
Accrued salaries and wages 1,403 1,637
Accrued warranty reserve 2,134 2,614
Deferred revenue 4,941 7,167
Current portion of notes payable and lease obligations 471 31
Total current liabilities 28,300 28,087
Deferred revenue - non-current 1,120 1,069
Term note payable, net 27,657 27,099
Long-term portion of notes payable and lease obligations 5,205 212
Other long-term liabilities   342
Total liabilities 62,282 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, 8,841,634 shares issued and 8,804,910 shares outstanding at December 31, 2019; 7,216,910 shares issued and 7,190,671 shares outstanding at March 31, 2019 9 7
Additional paid-in capital 912,097 903,803
Accumulated deficit (893,907) (878,884)
Treasury stock, at cost; 36,724 shares at December 31, 2019 and 26,239 shares at March 31, 2019 (1,816) (1,772)
Total stockholders' equity 16,383 23,154
Total liabilities and stockholders' equity $ 78,665 $ 79,963