Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Mar. 31, 2022
Current Assets:    
Cash and cash equivalents $ 23,780 $ 22,559
Accounts receivable, net of allowances of $916 at September 30, 2022 and $845 at March 31, 2022 18,189 24,665
Inventories, net 21,801 18,465
Prepaid expenses and other current assets 7,039 5,519
Total current assets 70,809 71,208
Property, plant, equipment and rental assets, net 25,375 18,038
Non-current portion of accounts receivable 1,109 1,212
Non-current portion of inventories 2,277 1,680
Other assets 11,735 8,635
Total assets 111,305 100,773
Current Liabilities:    
Accounts payable and accrued expenses 24,344 25,130
Accrued salaries and wages 1,123 1,147
Accrued warranty reserve 1,662 1,483
Deferred revenue 10,686 9,185
Current portion of notes payable and lease obligations 3,215 675
Total current liabilities 41,030 37,620
Deferred revenue - non-current 915 981
Term note payable, net 50,966 50,949
Long-term portion of notes payable and lease obligations 12,321 5,809
Total liabilities 105,232 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, 18,449,567 shares issued and 18,332,553 shares outstanding at September 30, 2022; 15,398,368 shares issued and 15,296,735 shares outstanding at March 31, 2022 18 15
Additional paid-in capital 954,750 946,969
Accumulated deficit (946,556) (939,482)
Treasury stock, at cost; 117,014 shares at September 30, 2022 and 101,633 shares at March 31, 2022 (2,139) (2,088)
Total stockholders' equity 6,073 5,414
Total liabilities and stockholders' equity $ 111,305 $ 100,773