Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Mar. 31, 2020
Current Assets:    
Cash and cash equivalents $ 31,970 $ 15,068
Accounts receivable, net of allowances of $353 at December 31, 2020 and $703 at March 31, 2020 19,079 16,240
Inventories, net 11,224 21,460
Prepaid expenses and other current assets 3,752 3,987
Total current assets 66,025 56,755
Property, plant, equipment and rental assets, net 8,075 7,749
Non-current portion of inventories 1,917 1,221
Other assets 7,782 8,230
Total assets 83,799 73,955
Current Liabilities:    
Accounts payable and accrued expenses 14,600 15,000
Accrued salaries and wages 1,471 1,644
Accrued warranty reserve 1,523 1,934
Deferred revenue 5,113 7,898
Current portion of notes payable and lease obligations 495 477
Total current liabilities 23,202 26,953
Deferred revenue - non-current 818 944
Term note payable, net 52,856 27,963
Long-term portion of notes payable and lease obligations 4,661 5,074
Total liabilities 81,537 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, 11,158,647 shares issued and 11,088,225 shares outstanding at December 31, 2020; 10,286,366 shares issued and 10,228,789 shares outstanding at March 31, 2020 11 10
Additional paid-in capital 918,683 915,755
Accumulated deficit (914,514) (900,869)
Treasury stock, at cost; 70,422 shares at December 31, 2020 and 57,577 shares at March 31, 2020 (1,918) (1,875)
Total stockholders’ equity 2,262 13,021
Total liabilities and stockholders' equity $ 83,799 $ 73,955