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
 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net loss $ (13,630) $ (14,948)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,072 1,223
Amortization of financing costs and discounts 614 850
Amortization of right-of-use assets 289 779
Loss on debt extinguishment 4,282  
Reduction in accounts receivable allowances (228) (77)
Inventory provision 138 489
Provision for warranty expenses 535 459
Gain on disposal of equipment (1) (13)
Stock-based compensation 678 669
Changes in operating assets and liabilities:    
Accounts receivable (2,612) (3,522)
Inventories 9,402 (827)
Prepaid expenses, other current assets and other assets 899 591
Accounts payable and accrued expenses (774) 1,956
Accrued salaries and wages and long term liabilities (173) (234)
Accrued warranty reserve (946) (939)
Deferred revenue (2,911) (2,176)
Net cash used in operating activities (3,366) (15,720)
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (1,269) (3,900)
Net cash used in investing activities (1,269) (3,900)
Cash Flows from Financing Activities:    
Net proceeds from term note payable 20,833  
Repayment of notes payable and lease obligations (655) (593)
Cash used in employee stock-based transactions (43) (44)
Net proceeds from issuance of common stock and warrants 1,402 7,260
Net cash provided by financing activities 21,537 6,623
Net increase (decrease) in Cash and Cash Equivalents 16,902 (12,997)
Cash and Cash Equivalents, Beginning of Year 15,068 29,727
Cash and Cash Equivalents, End of Period 31,970 16,730
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for: Interest 3,038 2,625
Cash paid during the period for: Income taxes 14 15
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable 39 7
Renewal of insurance contracts which was financed by notes payable 593  
Deemed dividend $ 15 $ 75