Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Total revenue $ 68,926,000 $ 83,412,000
Cost of goods sold:    
Total cost of goods sold 59,895,000 73,960,000
Gross margin 9,031,000 9,452,000
Operating expenses:    
Research and development 3,649,000 3,600,000
Selling, general and administrative 22,211,000 20,958,000
Total operating expenses 25,860,000 24,558,000
Loss from operations (16,829,000) (15,106,000)
Other income (expense) 133,000 (43,000)
Interest income 8,000  
Interest expense (5,198,000) (1,502,000)
Loss before provision for income taxes (21,886,000) (16,651,000)
Provision for income taxes 12,000 8,000
Net loss (21,898,000) (16,659,000)
Less: Deemed dividend on purchase warrant for common shares 87,000  
Net loss attributable to common stockholders $ (21,985,000) $ (16,659,000)
Net loss per common share attributable to common stockholders-basic and diluted (in dollars per share) $ (2.70) $ (2.49)
Weighted average shares used to calculate basic and diluted net loss per common share attributable to common stockholders (in shares) 8,150 6,700
Product, accessories and parts    
Revenue:    
Total revenue $ 48,143,000 $ 66,303,000
Cost of goods sold:    
Total cost of goods sold 42,273,000 60,149,000
Service    
Revenue:    
Total revenue 20,783,000 17,109,000
Cost of goods sold:    
Total cost of goods sold $ 17,622,000 $ 13,811,000