Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net loss $ (6,035) $ (10,041)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 703 816
Amortization of financing costs and discounts 605 573
Amortization of right-of-use assets 192 691
Reduction in accounts receivable allowances (48) (77)
Inventory provision 78 428
Provision for warranty expenses 179 452
Gain on disposal of equipment (1) (2)
Stock-based compensation 429 366
Changes in operating assets and liabilities:    
Accounts receivable 2,807 (1,795)
Inventories 7,079 64
Prepaid expenses, other current assets and other assets 946 299
Accounts payable and accrued expenses (4,442) (1,426)
Accrued salaries and wages and long term liabilities (303) (8)
Accrued warranty reserve (686) (735)
Deferred revenue (1,523) (1,025)
Net cash used in operating activities (20) (11,420)
Cash Flows from Investing Activities:    
Expenditures for property, equipment and rental assets (1,116) (3,031)
Net cash used in investing activities (1,116) (3,031)
Cash Flows from Financing Activities:    
Net proceeds from term note payable 1,935  
Repayment of notes payable and lease obligations (434) (393)
Cash used in employee stock-based transactions (43) (26)
Net proceeds from issuance of common stock and warrants 1,392 6,041
Net cash provided by financing activities 2,850 5,622
Net increase (decrease) in Cash and Cash Equivalents 1,714 (8,829)
Cash and Cash Equivalents, Beginning of Year 15,068 29,727
Cash and Cash Equivalents, End of Period 16,782 20,898
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for: Interest 2,038 1,579
Cash paid during the period for: Income taxes 14 15
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable 127 17
Renewal of insurance contracts which was financed by notes payable 593  
Deemed dividend $ 15 $ 75