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
 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net loss $ (12,191) $ (13,322)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,345 1,337
Amortization of financing costs and discounts 60 26
Amortization of right-of-use assets 848 552
Gain on debt extinguishment   (1,950)
Bad debt expense 237  
Inventory provision 771 386
Provision for warranty expenses 369 358
Provision for sales returns, net 81  
Stock-based compensation 617 973
Changes in operating assets and liabilities:    
Accounts receivable 9,077 (6,249)
Inventories (9,080) (5,637)
Prepaid expenses, other current assets and other assets (933) 509
Accounts payable and accrued expenses (276) 5,953
Accrued salaries and wages and long-term liabilities 274 (168)
Accrued warranty reserve (312) (4,780)
Deferred revenue 350 (981)
Net cash used in operating activities (7,763) (22,993)
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (3,999) (5,748)
Net cash used in investing activities (3,999) (5,748)
Cash Flows from Financing Activities:    
Repayment of notes payable and lease obligations (1,429) (590)
Cash used in employee stock-based transactions (52) (129)
Net proceeds from issuance of common stock and warrants 7,302 11,194
Net cash provided by financing activities 5,821 10,475
Net increase (decrease) in Cash and Cash Equivalents (5,941) (18,266)
Cash and Cash Equivalents, Beginning of Period 22,559 49,533
Cash and Cash Equivalents, End of Period 16,618 31,267
Supplemental Disclosures of Cash Flow Information:    
Interest 4,128 3,818
Income taxes 13 17
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable and notes payable 565 118
Renewal of insurance contracts financed by notes payable 665 567
Issuance of common stock for services to be received   $ 75
Deemed dividend 97  
Right-of-use assets obtained in exchange for lease obligations $ 9,764