Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2021
Summary of Significant Accounting Policies  
Schedule of changes in the accounts receivable allowances

 

 

 

 

 

Balance, March 31, 2019

 

$

5,298

 

Reductions charged to costs and expenses

 

 

431

 

Bad debt write-off

 

 

(5,026)

 

Balance, March 31, 2020

 

$

703

 

Additions charged to costs and expenses

 

 

(228)

 

Bad debt write-off

 

 

(161)

 

Balance, March 31, 2021

 

$

314

 

 

Schedule of geographic revenue information based on the primary operating location of the Company's customers

Following is the geographic revenue information based on the primary operating location of the Company’s customers (in thousands):

 

 

 

 

 

 

 

 

 

Year Ended March 31,

 

    

2021

    

2020

United States

 

$

32,502

 

$

31,082

Mexico

 

 

3,931

 

 

2,361

All other North America

 

 

321

 

 

1,145

Total North America

 

 

36,754

 

 

34,588

Russia

 

 

3,577

 

 

3,653

All other Europe

 

 

13,659

 

 

12,858

Total Europe

 

 

17,236

 

 

16,511

Asia

 

 

6,087

 

 

4,074

Australia

 

 

3,165

 

 

4,559

All other

 

 

4,394

 

 

9,194

Total Revenue

 

$

67,636

 

$

68,926

 

Summary of Company's revenue by product

The following table summarizes the Company’s revenue by product (in thousands):

 

 

 

 

 

 

 

 

 

Year Ended March 31,

 

    

2021

    

2020

C30

 

$

1,607

 

$

1,518

C65

 

 

10,756

 

 

9,366

C200

 

 

3,603

 

 

3,880

C600

 

 

7,913

 

 

7,204

C800

 

 

3,069

 

 

3,253

C1000

 

 

7,173

 

 

8,340

Unit upgrades

 

 

 —

 

 

229

Microturbine Products

 

$

34,121

 

$

33,790

Accessories

 

 

2,396

 

 

1,548

Total Product and Accessories

 

 

36,517

 

 

35,338

Parts and Service

 

 

31,119

 

 

33,588

Total Revenue

 

$

67,636

 

$

68,926