Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Mar. 31, 2020
Current Assets:    
Cash and cash equivalents $ 16,782 $ 15,068
Accounts receivable, net of allowances of $525 at September 30, 2020 and $703 at March 31, 2020 13,481 16,240
Inventories, net 13,906 21,460
Prepaid expenses and other current assets 3,663 3,987
Total current assets 47,832 56,755
Property, plant, equipment and rental assets, net 8,358 7,749
Non-current portion of inventories 1,618 1,221
Other assets 7,942 8,230
Total assets 65,750 73,955
Current Liabilities:    
Accounts payable and accrued expenses 10,908 15,000
Accrued salaries and wages 1,341 1,644
Accrued warranty reserve 1,427 1,934
Deferred revenue 6,459 7,898
Current portion of notes payable and lease obligations 568 477
Total current liabilities 20,703 26,953
Deferred revenue - non-current 860 944
Term note payable, net 30,419 27,963
Long-term portion of notes payable and lease obligations 4,920 5,074
Total liabilities 56,902 60,934
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, 11,143,708 shares issued and 11,073,286 shares outstanding at September 30, 2020; 10,286,366 shares issued and 10,228,789 shares outstanding at March 31, 2020 11 10
Additional paid-in capital 917,674 915,755
Accumulated deficit (906,919) (900,869)
Treasury stock, at cost; 70,422 shares at September 30, 2020 and 57,577 shares at March 31, 2020 (1,918) (1,875)
Total stockholders’ equity 8,848 13,021
Total liabilities and stockholders' equity $ 65,750 $ 73,955