Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Mar. 31, 2021
Current Assets:    
Cash and cash equivalents $ 31,267 $ 49,533
Accounts receivable, net of allowances of $335 at December 31, 2021 and $314 at March 31, 2021 26,842 20,593
Inventories, net 17,290 11,829
Prepaid expenses and other current assets 5,158 4,953
Total current assets 80,557 86,908
Property, plant, equipment and rental assets, net 14,262 9,630
Non-current portion of inventories 1,635 1,845
Other assets 8,790 7,639
Total assets 105,244 106,022
Current Liabilities:    
Accounts payable and accrued expenses 26,340 19,767
Accrued salaries and wages 1,722 1,889
Accrued warranty reserve 1,428 5,850
Deferred revenue 5,231 6,374
Current portion of notes payable and lease obligations 707 576
Total current liabilities 35,428 34,456
Deferred revenue - non-current 927 765
Term note payable, net 50,940 52,865
Long-term portion of notes payable and lease obligations 5,984 4,762
Total liabilities 93,279 92,848
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Common stock, $.001 par value; 51,500,000 shares authorized, 15,343,125 shares issued and 15,244,162 shares outstanding at December 31, 2021; 12,898,144 shares issued and 12,824,190 shares outstanding at March 31, 2021 15 13
Additional paid-in capital 946,621 934,381
Accumulated deficit (932,593) (919,271)
Treasury stock, at cost; 98,963 shares at December 31, 2021 and 73,954 shares at March 31, 2021 (2,078) (1,949)
Total stockholders' equity 11,965 13,174
Total liabilities and stockholders' equity $ 105,244 $ 106,022