Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Current Assets:    
Cash and cash equivalents $ 49,216 $ 49,533
Accounts receivable, net of allowances of $324 at June 30, 2021 and $314 at March 31, 2021 23,871 20,593
Inventories, net 14,937 11,829
Prepaid expenses and other current assets 5,718 4,953
Total current assets 93,742 86,908
Property, plant, equipment and rental assets, net 10,669 9,630
Non-current portion of inventories 1,802 1,845
Other assets 7,497 7,639
Total assets 113,710 106,022
Current Liabilities:    
Accounts payable and accrued expenses 22,396 19,767
Accrued salaries and wages 1,565 1,889
Accrued warranty reserve 3,904 5,850
Deferred revenue 6,000 6,374
Current portion of notes payable and lease obligations 1,097 576
Total current liabilities 34,962 34,456
Deferred revenue - non-current 734 765
Term note payable, net 50,923 52,865
Long-term portion of notes payable and lease obligations 4,589 4,762
Total liabilities 91,208 92,848
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, 15,206,891 shares issued and 15,128,731 shares outstanding at June 30, 2021; 12,898,144 shares issued and 12,824,190 shares outstanding at March 31, 2021 15 13
Additional paid-in capital 945,918 934,381
Accumulated deficit (921,453) (919,271)
Treasury stock, at cost; 77,307 shares at June 30, 2021 and 73,954 shares at March 31, 2021 (1,978) (1,949)
Total stockholders' equity 22,502 13,174
Total liabilities and stockholders' equity $ 113,710 $ 106,022