Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue $ 17,196 $ 14,906 $ 33,278 $ 29,099
Cost of goods sold:        
Total cost of goods sold 14,486 12,344 27,920 23,164
Gross margin 2,710 2,562 5,358 5,935
Operating expenses:        
Research and development 987 599 1,870 969
Selling, general and administrative 6,438 4,872 11,762 8,418
Total operating expenses 7,425 5,471 13,632 9,387
Loss from operations (4,715) (2,909) (8,274) (3,452)
Other income (5) 11 660 15
Interest income 6 8 11 16
Interest expense (1,278) (1,313) (2,513) (2,604)
Gain on debt extinguishment     1,950  
Loss before provision for income taxes (5,992) (4,203) (8,166) (6,025)
Provision for income taxes 2 9 10 10
Net loss (5,994) (4,212) (8,176) (6,035)
Less: Deemed dividend on purchase warrant for common shares   15   15
Net loss attributable to common stockholders $ (5,994) $ (4,227) $ (8,176) $ (6,050)
Net loss per common share attributable to common stockholders-basic (in dollars per share) $ (0.40) $ (0.38) $ (0.58) $ (0.56)
Net loss per common share attributable to common stockholders-diluted (in dollars per share) $ (0.40) $ (0.38) $ (0.58) $ (0.56)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares) 15,167 11,040 14,202 10,862
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares) 15,167 11,040 14,202 10,862
Product and accessories        
Revenue:        
Total revenue $ 8,465 $ 7,206 $ 16,854 $ 13,812
Cost of goods sold:        
Total cost of goods sold 8,797 7,347 17,790 14,147
Parts and service        
Revenue:        
Total revenue 8,731 7,700 16,424 15,287
Cost of goods sold:        
Total cost of goods sold $ 5,689 $ 4,997 $ 10,130 $ 9,017