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, 2022
Mar. 31, 2022
Current Assets:    
Cash and cash equivalents $ 16,914 $ 22,559
Accounts receivable, net of allowances of $850 at June 30, 2022 and $845 at March 31, 2022 24,168 24,665
Inventories, net 18,608 18,465
Prepaid expenses and other current assets 6,468 5,519
Total current assets 66,158 71,208
Property, plant, equipment and rental assets, net 21,694 18,038
Non-current portion of accounts receivable 1,056 1,212
Non-current portion of inventories 2,013 1,680
Other assets 8,933 8,635
Total assets 99,854 100,773
Current Liabilities:    
Accounts payable and accrued expenses 22,238 25,130
Accrued salaries and wages 1,360 1,147
Accrued warranty reserve 1,527 1,483
Deferred revenue 9,694 9,185
Current portion of notes payable and lease obligations 1,930 675
Total current liabilities 36,749 37,620
Deferred revenue - non-current 934 981
Term note payable, net 50,957 50,949
Long-term portion of notes payable and lease obligations 7,627 5,809
Total liabilities 96,267 95,359
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Preferred stock, $.001 par value; 1,000,000 shares authorized; none issued
Common stock, $.001 par value; 51,500,000 shares authorized, 15,431,602 shares issued and 15,320,673 shares outstanding at June 30, 2022; 15,398,368 shares issued and 15,296,735 shares outstanding at March 31, 2022 15 15
Additional paid-in capital 947,237 946,969
Accumulated deficit (941,541) (939,482)
Treasury stock, at cost; 110,929 shares at June 30, 2022 and 101,633 shares at March 31, 2022 (2,124) (2,088)
Total stockholders' equity 3,587 5,414
Total liabilities and stockholders' equity $ 99,854 $ 100,773