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
 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net loss $ (8,176) $ (6,035)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 844 703
Amortization of financing costs and discounts 17 605
Amortization of right-of-use assets 449 192
Gain on debt extinguishment (1,950)  
Reduction in accounts receivable allowances   (48)
Inventory provision 287 78
Provision for warranty expenses 143 179
Gain on disposal of equipment   (1)
Stock-based compensation 638 429
Changes in operating assets and liabilities:    
Accounts receivable (4,767) 2,807
Inventories (6,388) 7,079
Prepaid expenses, other current assets and other assets 1,327 946
Accounts payable and accrued expenses 4,363 (4,442)
Accrued salaries and wages and long term liabilities (539) (303)
Accrued warranty reserve (4,129) (686)
Deferred revenue (1,474) (1,523)
Net cash used in operating activities (19,355) (20)
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (2,623) (1,116)
Net cash used in investing activities (2,623) (1,116)
Cash Flows from Financing Activities:    
Net proceeds from term note payable   1,935
Repayment of notes payable and lease obligations (353) (434)
Cash used in employee stock-based transactions (121) (43)
Net proceeds from issuance of common stock and warrants 11,186 1,392
Net cash provided by financing activities 10,712 2,850
Net increase (decrease) in Cash and Cash Equivalents (11,266) 1,714
Cash and Cash Equivalents, Beginning of Year 49,533 15,068
Cash and Cash Equivalents, End of Year 38,267 16,782
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for: Interest 2,567 2,038
Cash paid during the period for: Income taxes 17 14
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable 210 127
Renewal of insurance contracts financed by notes payable 567 593
Issuance of common stock for services to be received $ 75  
Deemed dividend   $ 15