Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Current Assets:    
Cash and cash equivalents $ 16,229 $ 15,068
Accounts receivable, net of allowances of $751 at June 30, 2020 and $703 at March 31, 2020 14,655 16,240
Inventories, net 17,582 21,460
Prepaid expenses and other current assets 4,778 3,987
Total current assets 53,244 56,755
Property, plant, equipment and rental assets, net 7,560 7,749
Non-current portion of inventories 1,571 1,221
Other assets 8,093 8,230
Total assets 70,468 73,955
Current Liabilities:    
Accounts payable and accrued expenses 10,804 15,000
Accrued salaries and wages 1,159 1,644
Accrued warranty reserve 1,768 1,934
Deferred revenue 7,025 7,898
Current portion of notes payable and lease obligations 878 477
Total current liabilities 21,634 26,953
Deferred revenue - non-current 902 944
Term note payable, net 30,112 27,963
Long-term portion of notes payable and lease obligations 4,941 5,074
Total liabilities 57,589 60,934
Commitments and contingencies (Note 12)
Stockholders’ Equity:    
Preferred stock, $.001 par value; 1,000,000 shares authorized; none issued
Common stock, $.001 par value; 51,500,000 shares authorized, 11,084,940 shares issued and 11,023,921 shares outstanding at June 30, 2020; 10,286,366 shares issued and 10,228,789 shares outstanding at March 31, 2020 11 10
Additional paid-in capital 917,439 915,755
Accumulated deficit (902,692) (900,869)
Treasury stock, at cost; 61,019 shares at June 30, 2020 and 57,577 shares at March 31, 2020 (1,879) (1,875)
Total stockholders’ equity 12,879 13,021
Total liabilities and stockholders' equity $ 70,468 $ 73,955