Annual report pursuant to Section 13 and 15(d)

Restatement of Consolidated Financial Statements - Balance Sheet (Details)

v3.24.1.1.u2
Restatement of Consolidated Financial Statements - Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Mar. 31, 2021
Current Assets:            
Cash and cash equivalents $ 12,839 $ 16,618 $ 23,780 $ 16,914 $ 22,559  
Accounts receivable, net of allowances 7,102 11,411 13,575 14,279 15,894  
Inventories, net 37,328 33,869 32,094 27,863 30,167  
Prepaid expenses and other current assets 7,447 7,125 7,039 6,468 5,519  
Total current assets 64,716 69,023 76,488 65,524 74,139  
Property, plant, equipment and rental assets, net 24,275 20,777 20,094 20,618 17,792  
Finance lease right-of-use assets 4,529 4,669 4,808 674 246  
Operating lease right-of-use assets 8,808 8,702 9,075 6,321 5,959  
Non-current portion of inventories 3,112 3,055 2,277 2,013 1,680  
Other assets 2,591 2,632 2,660 2,612 2,676  
Total assets 108,031 108,858 115,402 97,762 102,492  
Current Liabilities:            
Accounts payable and accrued expenses 30,290 25,803 24,344 22,238 25,130  
Accrued salaries and wages 1,223 1,421 1,123 1,360 1,147  
Accrued warranty reserve 1,576 1,540 1,662 1,527 1,483  
Deferred revenue 23,372 17,471 20,267 13,682 14,835  
Finance lease liability, current 773 790 766 191 89  
Operating lease liability, current 2,492 1,293 1,693 764 586  
Current portion of notes payable and lease obligations     260 521    
Factory protection plan liability 10,844 11,848 10,192 10,727 9,170  
Term note payable   50,974 50,966 50,957    
Total current liabilities 121,553 111,140 111,273 101,967 103,389  
Deferred revenue, non-current 817 817 915 934 981  
Finance lease liability, non-current 2,903 3,072 3,281 477 190  
Operating lease liability, non-current 6,588 7,572 7,572 5,774 5,619  
Other non-current liabilities 265 265 265 265    
Total liabilities 132,126 122,866 123,306 109,417 110,179  
Stockholders' (Deficiency) Equity:            
Preferred stock        
Common stock 18 18 18 15 15  
Additional paid-in capital 955,228 954,982 954,750 947,237 946,969  
Accumulated deficit (977,202) (966,869) (960,533) (956,783) (952,583)  
Treasury stock (2,139) (2,139) (2,139) (2,124) (2,088)  
Total stockholders' (deficiency) equity (24,095) (14,008) (7,904) (11,655) (7,687) $ 2,232
Total liabilities and stockholders' (deficiency) equity $ 108,031 108,858 115,402 97,762 $ 102,492  
Bill and Hold            
Current Assets:            
Accounts receivable, net of allowances   (3,579) (4,540) (9,871)    
Inventories, net   8,267 10,293 9,255    
Total current assets   4,688 5,753 (616)    
Property, plant, equipment and rental assets, net   1,565 1,607 1,484    
Finance lease right-of-use assets   (2,025) (2,080) (1,886)    
Non-current portion of accounts receivable   (107) (1,109) (1,056)    
Total assets   4,121 4,171 (2,074)    
Current Liabilities:            
Accounts payable and accrued expenses   (284)        
Deferred revenue   7,772 9,581 3,988    
Finance lease liability, current   (118) (496) (454)    
Total current liabilities   7,370 9,085 3,534    
Finance lease liability, non-current   (392) (1,468) (1,376)    
Other non-current liabilities   265 265 265    
Total liabilities   7,243 7,882 2,423    
Stockholders' (Deficiency) Equity:            
Accumulated deficit   (3,122) (3,711) (4,497)    
Total stockholders' (deficiency) equity   (3,122) (3,711) (4,497)    
Total liabilities and stockholders' (deficiency) equity   4,121 4,171 (2,074)    
FPP Contracts            
Current Assets:            
Accounts receivable, net of allowances   (129) (74) (18)    
Total current assets   (129) (74) (18)    
Total assets   (129) (74) (18)    
Current Liabilities:            
Factory protection plan liability   11,848 10,192 10,727    
Total current liabilities   11,848 10,192 10,727    
Total liabilities   11,848 10,192 10,727    
Stockholders' (Deficiency) Equity:            
Accumulated deficit   (11,977) (10,266) (10,745)    
Total stockholders' (deficiency) equity   (11,977) (10,266) (10,745)    
Total liabilities and stockholders' (deficiency) equity   (129) (74) (18)    
Note Reclassification            
Current Liabilities:            
Term note payable     50,966 50,957    
Total current liabilities     50,966 50,957    
Term note payable, net     (50,966) (50,957)    
Previously Reported            
Current Assets:            
Cash and cash equivalents   16,618 23,780 16,914    
Accounts receivable, net of allowances   15,119 18,189 24,168    
Inventories, net   25,602 21,801 18,608    
Prepaid expenses and other current assets   7,125 7,039 6,468    
Total current assets   64,464 70,809 66,158    
Property, plant, equipment and rental assets, net   25,906 25,375 21,694    
Non-current portion of accounts receivable   107 1,109 1,056    
Non-current portion of inventories   3,055 2,277 2,013    
Other assets   11,334 11,735 8,933    
Total assets   104,866 111,305 99,854    
Current Liabilities:            
Accounts payable and accrued expenses   26,087 24,344 22,238    
Accrued salaries and wages   1,421 1,123 1,360    
Accrued warranty reserve   1,540 1,662 1,527    
Deferred revenue   9,699 10,686 9,694    
Current portion of notes payable and lease obligations   2,201 3,215 1,930    
Term note payable   50,974        
Total current liabilities   91,922 41,030 36,749    
Deferred revenue, non-current   817 915 934    
Long-term portion of notes payable and lease obligations   11,036 12,321 7,627    
Term note payable, net     50,966 50,957    
Total liabilities   103,775 105,232 96,267    
Stockholders' (Deficiency) Equity:            
Common stock   18 18 15    
Additional paid-in capital   954,982 954,750 947,237    
Accumulated deficit   (951,770) (946,556) (941,541)    
Treasury stock   (2,139) (2,139) (2,124)    
Total stockholders' (deficiency) equity   1,091 6,073 3,587    
Total liabilities and stockholders' (deficiency) equity   104,866 111,305 99,854    
Classifications            
Current Assets:            
Property, plant, equipment and rental assets, net   (6,694) (6,888) (2,560)    
Finance lease right-of-use assets   6,694 6,888 2,560    
Operating lease right-of-use assets   8,702 9,075 6,321    
Other assets   (8,702) (9,075) (6,321)    
Current Liabilities:            
Finance lease liability, current   908 1,262 645    
Operating lease liability, current   1,293 1,693 764    
Current portion of notes payable and lease obligations   (2,201) (2,955) (1,409)    
Long-term portion of notes payable and lease obligations   (11,036) (12,321) (7,627)    
Finance lease liability, non-current   3,464 4,749 1,853    
Operating lease liability, non-current   $ 7,572 $ 7,572 $ 5,774