Annual report pursuant to Section 13 and 15(d)

Restatement of Quarterly Financial Information

Restatement of Quarterly Financial Information

12 Months Ended

Mar. 31, 2022

Restatement of Quarterly Financial Information

Restatement of Quarterly Financial Information

16. Restatement of Quarterly Financial Information (Unaudited)

The following tables present the impact of the restatement, as described in Note 2 – Restatement of Consolidated Financial Statements, on the previously reported Consolidated Balance Sheets, Consolidated Statements of Operations, and Statements of Cash Flows for the quarterly periods ended June 30, 2021, September 30, 2021, December 31, 2021, June 30, 2020, September 30, 2020, and December 31, 2020. Changes to the Consolidated Statements of Stockholders’ Equity (Deficiency) for the respective quarterly periods as a result of the restatement are due to the changes in net loss. The values as previously reported for the quarterly periods ended June 30, 2021, September 30, 2021, December 31, 2021, June 30, 2020, September 30, 2020, and December 31, 2020 were derived from our Quarterly Reports on Form 10-Q filed on August 11, 2021, November 10, 2021, February 10, 2022, August 6, 2020, November 10, 2020, and February 9, 2021, respectively.


	As of June 30, 2021
					FPP		Note
(in thousands)	As Reported		Bill and Hold		Contracts		Classification		As Restated
Assets
Current Assets:
Cash and cash equivalents	$	49,216	$	—	$	—	$	—	$	49,216
Accounts receivable, net of allowances		23,871		(13,592)		—		—		10,279
Inventories, net		14,937		12,218		—		—		27,155
Prepaid expenses and other current assets		5,718		—		—		—		5,718
Total current assets		93,742		(1,374)		—		—		92,368
Property, plant, equipment and rental assets, net		10,669		—		—		—		10,669
Non-current portion of inventories		1,802		—		—		—		1,802
Other assets		7,497		—		—		—		7,497
Total assets	$	113,710	$	(1,374)	$	—	$	—	$	112,336
Liabilities and Stockholders’ (Deficiency) Equity
Current Liabilities:
Accounts payable and accrued expenses	$	22,396	$	—	$	—	$	—	$	22,396
Accrued salaries and wages		1,565		—		—		—		1,565
Accrued warranty reserve		3,904		—		—		—		3,904
Deferred revenue		6,000		3,041		—		—		9,041
Current portion of notes payable and lease obligations		1,097		—		—		—		1,097
Factory protection plan liability		—		—		8,566		—		8,566
Term note payable		—		—		—		50,923		50,923
Total current liabilities		34,962		3,041		8,566		50,923		97,492
Deferred revenue, non-current		734		—		—		—		734
Long-term portion of notes payable and lease obligations		4,589		—		—		—		4,589
Term note payable, non-current		50,923		—		—		(50,923)		—
Total liabilities		91,208		3,041		8,566		—		102,815
Commitments and contingencies
Stockholders’ (Deficiency) Equity:
Preferred stock		—		—		—		—		—
Common stock		15		—		—		—		15
Additional paid-in capital		945,918		—		—		—		945,918
Accumulated deficit		(921,453)		(4,415)		(8,566)		—		(934,434)
Treasury stock		(1,978)		—		—		—		(1,978)
Total stockholders’ (deficiency) equity		22,502		(4,415)		(8,566)		—		9,521
Total liabilities and stockholders' (deficiency) equity	$	113,710	$	(1,374)	$	—	$	—	$	112,336


	As of September 30, 2021
					FPP		Note
(in thousands)	As Reported		Bill and Hold		Contracts		Classification		As Restated
Assets
Current Assets:
Cash and cash equivalents	$	38,267	$	—	$	—	$	—	$	38,267
Accounts receivable, net of allowances		25,360		(10,832)		—		—		14,528
Inventories, net		18,023		11,545		—		—		29,568
Prepaid expenses and other current assets		4,310		—		—		—		4,310
Total current assets		85,960		713		—		—		86,673
Property, plant, equipment and rental assets, net		11,687		—		—		—		11,687
Non-current portion of inventories		1,752		—		—		—		1,752
Other assets		8,958		—		—		—		8,958
Total assets	$	108,357	$	713	$	—	$	—	$	109,070
Liabilities and Stockholders’ (Deficiency) Equity
Current Liabilities:
Accounts payable and accrued expenses	$	24,754	$	—	$	—	$	—	$	24,754
Accrued salaries and wages		1,351		—		—		—		1,351
Accrued warranty reserve		1,864		—		—		—		1,864
Deferred revenue		4,965		5,235		—		—		10,200
Current portion of notes payable and lease obligations		860		—		—		—		860
Factory protection plan liability		—		—		8,027		—		8,027
Term note payable		—		—		—		50,932		50,932
Total current liabilities		33,794		5,235		8,027		50,932		97,988
Deferred revenue, non-current		700		—		—		—		700
Long-term portion of notes payable and lease obligations		6,155		—		—		—		6,155
Term note payable, non-current		50,932		—		—		(50,932)		—
Total liabilities		91,581		5,235		8,027		—		104,843
Commitments and contingencies
Stockholders’ (Deficiency) Equity:
Preferred stock		—		—		—		—		—
Common stock		15		—		—		—		15
Additional paid-in capital		946,278		—		—		—		946,278
Accumulated deficit		(927,447)		(4,522)		(8,027)		—		(939,996)
Treasury stock		(2,070)		—		—		—		(2,070)
Total stockholders’ (deficiency) equity		16,776		(4,522)		(8,027)		—		4,227
Total liabilities and stockholders' (deficiency) equity	$	108,357	$	713	$	—	$	—	$	109,070


	As of December 31, 2021
					FPP		Note
(in thousands)	As Reported		Bill and Hold		Contracts		Classification		As Restated
Assets
Current Assets:
Cash and cash equivalents	$	31,267	$	—	$	—	$	—	$	31,267
Accounts receivable, net of allowances		26,842		(12,656)		—		—		14,186
Inventories, net		17,290		13,711		—		—		31,001
Prepaid expenses and other current assets		5,158		—		—		—		5,158
Total current assets		80,557		1,055		—		—		81,612
Property, plant, equipment and rental assets, net		14,262		—		—		—		14,262
Non-current portion of inventories		1,635		—		—		—		1,635
Other assets		8,790		—		—		—		8,790
Total assets	$	105,244	$	1,055	$	—	$	—	$	106,299
Liabilities and Stockholders’ (Deficiency) Equity
Current Liabilities:
Accounts payable and accrued expenses	$	26,340	$	—	$	—	$	—	$	26,340
Accrued salaries and wages		1,722		—		—		—		1,722
Accrued warranty reserve		1,428		—		—		—		1,428
Deferred revenue		5,231		6,059		—		—		11,290
Current portion of notes payable and lease obligations		707		—		—		—		707
Factory protection plan liability		—		—		7,687		—		7,687
Term note payable		—		—		—		50,940		50,940
Total current liabilities		35,428		6,059		7,687		50,940		100,114
Deferred revenue, non-current		927		—		—		—		927
Long-term portion of notes payable and lease obligations		5,984		—		—		—		5,984
Term note payable, non-current		50,940		—		—		(50,940)		—
Total liabilities		93,279		6,059		7,687		—		107,025
Commitments and contingencies
Stockholders’ (Deficiency) Equity:
Preferred stock		—		—		—		—		—
Common stock		15		—		—		—		15
Additional paid-in capital		946,621		—		—		—		946,621
Accumulated deficit		(932,593)		(5,004)		(7,687)		—		(945,284)
Treasury stock		(2,078)		—		—		—		(2,078)
Total stockholders’ (deficiency) equity		11,965		(5,004)		(7,687)		—		(726)
Total liabilities and stockholders' (deficiency) equity	$	105,244	$	1,055	$	—	$	—	$	106,299


	As of June 30, 2020
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Assets
Current Assets:
Cash and cash equivalents	$	16,229	$	—	$	—	$	16,229
Accounts receivable, net of allowances		14,655		(4,266)		—		10,389
Inventories, net		17,582		6,546		—		24,128
Prepaid expenses and other current assets		4,778		—		—		4,778
Total current assets		53,244		2,280		—		55,524
Property, plant, equipment and rental assets, net		7,560		—		—		7,560
Non-current portion of inventories		1,571		—		—		1,571
Other assets		8,093		—		—		8,093
Total assets	$	70,468	$	2,280	$	—	$	72,748
Liabilities and Stockholders’ (Deficiency) Equity
Current Liabilities:
Accounts payable and accrued expenses	$	10,804	$	—	$	—	$	10,804
Accrued salaries and wages		1,159		—		—		1,159
Accrued warranty reserve		1,768		—		—		1,768
Deferred revenue		7,025		4,465		—		11,490
Current portion of notes payable and lease obligations		878		—		—		878
Factory protection plan liability		—		—		5,703		5,703
Total current liabilities		21,634		4,465		5,703		31,802
Deferred revenue, non-current		902		—		—		902
Long-term portion of notes payable and lease obligations		4,941		—		—		4,941
Term note payable, net		30,112		—		—		30,112
Total liabilities		57,589		4,465		5,703		67,757
Commitments and contingencies
Stockholders’ (Deficiency) Equity:
Preferred stock		—		—		—		—
Common stock		11		—		—		11
Additional paid-in capital		917,439		—		—		917,439
Accumulated deficit		(902,692)		(2,185)		(5,703)		(910,580)
Treasury stock		(1,879)		—		—		(1,879)
Total stockholders’ (deficiency) equity		12,879		(2,185)		(5,703)		4,991
Total liabilities and stockholders' (deficiency) equity	$	70,468	$	2,280	$	—	$	72,748


	As of September 30, 2020
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Assets
Current Assets:
Cash and cash equivalents	$	16,782	$	—	$	—	$	16,782
Accounts receivable, net of allowances		13,481		(3,991)		—		9,490
Inventories, net		13,906		7,301		—		21,207
Prepaid expenses and other current assets		3,663		—		—		3,663
Total current assets		47,832		3,310		—		51,142
Property, plant, equipment and rental assets, net		8,358		—		—		8,358
Non-current portion of inventories		1,618		—		—		1,618
Other assets		7,942		—		—		7,942
Total assets	$	65,750	$	3,310	$	—	$	69,060
Liabilities and Stockholders’ (Deficiency) Equity
Current Liabilities:
Accounts payable and accrued expenses	$	10,908	$	—	$	—	$	10,908
Accrued salaries and wages		1,341		—		—		1,341
Accrued warranty reserve		1,427		—		—		1,427
Deferred revenue		6,459		5,724		—		12,183
Current portion of notes payable and lease obligations		568		—		—		568
Factory protection plan liability		—		—		6,935		6,935
Total current liabilities		20,703		5,724		6,935		33,362
Deferred revenue, non-current		860		—		—		860
Long-term portion of notes payable and lease obligations		4,920		—		—		4,920
Term note payable, net		30,419		—		—		30,419
Total liabilities		56,902		5,724		6,935		69,561
Commitments and contingencies
Stockholders’ (Deficiency) Equity:
Preferred stock		—		—		—		—
Common stock		11		—		—		11
Additional paid-in capital		917,674		—		—		917,674
Accumulated deficit		(906,919)		(2,414)		(6,935)		(916,268)
Treasury stock		(1,918)		—		—		(1,918)
Total stockholders’ (deficiency) equity		8,848		(2,414)		(6,935)		(501)
Total liabilities and stockholders' (deficiency) equity	$	65,750	$	3,310	$	—	$	69,060


	As of December 31, 2020
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Assets
Current Assets:
Cash and cash equivalents	$	31,970	$	—	$	—	$	31,970
Accounts receivable, net of allowances		19,079		(7,692)		—		11,387
Inventories, net		11,224		10,411		—		21,635
Prepaid expenses and other current assets		3,752		—		—		3,752
Total current assets		66,025		2,719		—		68,744
Property, plant, equipment and rental assets, net		8,075		—		—		8,075
Non-current portion of inventories		1,917		—		—		1,917
Other assets		7,782		—		—		7,782
Total assets	$	83,799	$	2,719	$	—	$	86,518
Liabilities and Stockholders’ (Deficiency) Equity
Current Liabilities:
Accounts payable and accrued expenses	$	14,600	$	—	$	—	$	14,600
Accrued salaries and wages		1,471		—		—		1,471
Accrued warranty reserve		1,523		—		—		1,523
Deferred revenue		5,113		5,863		—		10,976
Current portion of notes payable and lease obligations		495		—		—		495
Factory protection plan liability		—		—		7,460		7,460
Total current liabilities		23,202		5,863		7,460		36,525
Deferred revenue, non-current		818		—		—		818
Long-term portion of notes payable and lease obligations		4,661		—		—		4,661
Term note payable, net		52,856		—		—		52,856
Total liabilities		81,537		5,863		7,460		94,860
Commitments and contingencies
Stockholders’ (Deficiency) Equity:
Preferred stock		—		—		—		—
Common stock		11		—		—		11
Additional paid-in capital		918,683		—		—		918,683
Accumulated deficit		(914,514)		(3,144)		(7,460)		(925,118)
Treasury stock		(1,918)		—		—		(1,918)
Total stockholders’ (deficiency) equity		2,262		(3,144)		(7,460)		(8,342)
Total liabilities and stockholders' (deficiency) equity	$	83,799	$	2,719	$	—	$	86,518


	Three Months Ended June 30, 2021
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product and accessories	$	8,389	$	(3,150)	$	—	$	5,239
Parts and service		7,693		(344)		(121)		7,228
Total revenue, net		16,082		(3,494)		(121)		12,467
Cost of goods sold:
Product and accessories		8,992		(2,174)		—		6,818
Parts and service		4,442		(185)		783		5,040
Total cost of goods sold		13,434		(2,359)		783		11,858
Gross profit		2,648		(1,135)		(904)		609
Operating expenses:
Research and development		883		—		—		883
Selling, general and administrative		5,324		—		—		5,324
Total operating expenses		6,207		—		—		6,207
Loss from operations		(3,559)		(1,135)		(904)		(5,598)
Other income (expense)		665		—		—		665
Interest income		5		—		—		5
Interest expense		(1,235)		—		—		(1,235)
Gain (loss) on debt extinguishment		1,950		—		—		1,950
Loss before provision for income taxes		(2,174)		(1,135)		(904)		(4,213)
Provision for income taxes		8		—		—		8
Net loss		(2,182)		(1,135)		(904)		(4,221)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—
Net loss attributable to common stockholders	$	(2,182)	$	(1,135)	$	(904)	$	(4,221)

Net loss per share—basic and diluted	$	(0.16)	$	(0.09)	$	(0.07)	$	(0.32)
Weighted average shares outstanding		13,226		13,226		13,226		13,226


	Three Months Ended September 30, 2021
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product and accessories	$	8,465	$	879	$	—	$	9,344
Parts and service		8,731		(314)		(121)		8,296
Total revenue, net		17,196		565		(121)		17,640
Cost of goods sold:
Product and accessories		8,798		801		—		9,599
Parts and service		5,688		(129)		(660)		4,899
Total cost of goods sold		14,486		672		(660)		14,498
Gross profit		2,710		(107)		539		3,142
Operating expenses:
Research and development		987		—		—		987
Selling, general and administrative		6,438		—		—		6,438
Total operating expenses		7,425		—		—		7,425
Loss from operations		(4,715)		(107)		539		(4,283)
Other income (expense)		(5)		—		—		(5)
Interest income		6		—		—		6
Interest expense		(1,278)		—		—		(1,278)
Gain (loss) on debt extinguishment		—		—		—		—
Loss before provision for income taxes		(5,992)		(107)		539		(5,560)
Provision for income taxes		2		—		—		2
Net loss		(5,994)		(107)		539		(5,562)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—
Net loss attributable to common stockholders	$	(5,994)	$	(107)	$	539	$	(5,562)

Net loss per share—basic and diluted	$	(0.40)	$	(0.01)	$	0.04	$	(0.37)
Weighted average shares outstanding		15,167		15,167		15,167		15,167


	Six Months Ended September 30, 2021
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product and accessories	$	16,854	$	(2,271)	$	—	$	14,583
Parts and service		16,424		(658)		(242)		15,524
Total revenue, net		33,278		(2,929)		(242)		30,107
Cost of goods sold:
Product and accessories		17,790		(1,373)		—		16,417
Parts and service		10,130		(314)		123		9,939
Total cost of goods sold		27,920		(1,687)		123		26,356
Gross profit		5,358		(1,242)		(365)		3,751
Operating expenses:
Research and development		1,870		—		—		1,870
Selling, general and administrative		11,762		—		—		11,762
Total operating expenses		13,632		—		—		13,632
Loss from operations		(8,274)		(1,242)		(365)		(9,881)
Other income (expense)		660		—		—		660
Interest income		11		—		—		11
Interest expense		(2,513)		—		—		(2,513)
Gain (loss) on debt extinguishment		1,950		—		—		1,950
Loss before provision for income taxes		(8,166)		(1,242)		(365)		(9,773)
Provision for income taxes		10		—		—		10
Net loss		(8,176)		(1,242)		(365)		(9,783)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—
Net loss attributable to common stockholders	$	(8,176)	$	(1,242)	$	(365)	$	(9,783)

Net loss per share—basic and diluted	$	(0.58)	$	(0.09)	$	(0.03)	$	(0.69)
Weighted average shares outstanding		14,202		14,202		14,202		14,202


	Three Months Ended December 31, 2021
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product and accessories	$	12,329	$	(2,428)	$	—	$	9,901
Parts and service		8,280		(220)		(153)		7,907
Total revenue, net		20,609		(2,648)		(153)		17,808
Cost of goods sold:
Product and accessories		12,689		(2,030)		—		10,659
Parts and service		5,703		(136)		(493)		5,074
Total cost of goods sold		18,392		(2,166)		(493)		15,733
Gross profit		2,217		(482)		340		2,075
Operating expenses:
Research and development		767		—		—		767
Selling, general and administrative		5,293		—		—		5,293
Total operating expenses		6,060		—		—		6,060
Loss from operations		(3,843)		(482)		340		(3,985)
Other income (expense)		(21)		—		—		(21)
Interest income		5		—		—		5
Interest expense		(1,287)		—		—		(1,287)
Gain (loss) on debt extinguishment		—		—		—		—
Loss before provision for income taxes		(5,146)		(482)		340		(5,288)
Provision for income taxes		—		—		—		—
Net loss		(5,146)		(482)		340		(5,288)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—
Net loss attributable to common stockholders	$	(5,146)	$	(482)	$	340	$	(5,288)

Net loss per share—basic and diluted	$	(0.34)	$	(0.03)	$	0.02	$	(0.35)
Weighted average shares outstanding		15,236		15,236		15,236		15,236


	Nine Months Ended December 31, 2021
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product and accessories	$	29,183	$	(4,699)	$	—	$	24,484
Parts and service		24,704		(878)		(395)		23,431
Total revenue, net		53,887		(5,577)		(395)		47,915
Cost of goods sold:
Product and accessories		30,479		(3,403)		—		27,076
Parts and service		15,833		(450)		(370)		15,013
Total cost of goods sold		46,312		(3,853)		(370)		42,089
Gross profit		7,575		(1,724)		(25)		5,826
Operating expenses:
Research and development		2,637		—		—		2,637
Selling, general and administrative		17,055		—		—		17,055
Total operating expenses		19,692		—		—		19,692
Loss from operations		(12,117)		(1,724)		(25)		(13,866)
Other income (expense)		639		—		—		639
Interest income		16		—		—		16
Interest expense		(3,800)		—		—		(3,800)
Gain (loss) on debt extinguishment		1,950		—		—		1,950
Loss before provision for income taxes		(13,312)		(1,724)		(25)		(15,061)
Provision for income taxes		10		—		—		10
Net loss		(13,322)		(1,724)		(25)		(15,071)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—
Net loss attributable to common stockholders	$	(13,322)	$	(1,724)	$	(25)	$	(15,071)

Net loss per share—basic and diluted	$	(0.92)	$	(0.12)	$	(0.00)	$	(1.04)
Weighted average shares outstanding		14,548		14,548		14,548		14,548


	Three Months Ended March 31, 2022
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product and accessories	$	7,998	$	238	$	—	$	8,236
Parts and service		7,760		171		(118)		7,813
Total revenue, net		15,758		409		(118)		16,049
Cost of goods sold:
Product and accessories		10,004		26		—		10,030
Parts and service		4,791		48		1,365		6,204
Total cost of goods sold		14,795		74		1,365		16,234
Gross profit		963		335		(1,483)		(185)
Operating expenses:
Research and development		722		—		—		722
Selling, general and administrative		5,925		(738)		—		5,187
Total operating expenses		6,647		(738)		—		5,909
Loss from operations		(5,684)		1,073		(1,483)		(6,094)
Other income (expense)		3		—		—		3
Interest income		5		—		—		5
Interest expense		(1,204)		—		—		(1,204)
Gain (loss) on debt extinguishment		—		—		—		—
Loss before provision for income taxes		(6,880)		1,073		(1,483)		(7,290)
Provision for income taxes		9		—		—		9
Net loss		(6,889)		1,073		(1,483)		(7,299)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—
Net loss attributable to common stockholders	$	(6,889)	$	1,073	$	(1,483)	$	(7,299)

Net loss per share—basic and diluted	$	(0.45)	$	0.07	$	(0.10)	$	(0.48)
Weighted average shares outstanding		15,273		15,273		15,273		15,273


	Three Months Ended June 30, 2020
(in thousands)	As Reported		Reclassifications		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product, accessories and parts	$	8,936	$	(8,936)	$	—	$	—	$	—
Product and accessories		—		6,606		4,603		—		11,209
Service		5,257		(5,257)		—		—		—
Parts and service		—		7,587		508		(239)		7,856
Total revenue, net		14,193		—		5,111		(239)		19,065
Cost of goods sold:
Product, accessories and parts		7,995		(7,995)		—		—		—
Product and accessories		—		6,800		3,318		—		10,118
Service		2,825		(2,825)		—		—		—
Parts and service		—		4,020		162		708		4,890
Total cost of goods sold		10,820		—		3,480		708		15,008
Gross profit		3,373		—		1,631		(947)		4,057
Operating expenses:
Research and development		370		—		—		—		370
Selling, general and administrative		3,546		—		—		—		3,546
Total operating expenses		3,916		—		—		—		3,916
Loss from operations		(543)		—		1,631		(947)		141
Other income (expense)		4		—		—		—		4
Interest income		8		—		—		—		8
Interest expense		(1,291)		—		—		—		(1,291)
Loss before provision for income taxes		(1,822)		—		1,631		(947)		(1,138)
Provision for income taxes		1		—		—		—		1
Net loss		(1,823)		—		1,631		(947)		(1,139)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—		—
Net loss attributable to common stockholders	$	(1,823)	$	—	$	1,631	$	(947)	$	(1,139)

Net loss per share—basic and diluted	$	(0.17)	$	—	$	0.15	$	(0.09)	$	(0.11)
Weighted average shares outstanding		10,598		10,598		10,598		10,598		10,598


	Three Months Ended September 30, 2020
(in thousands)	As Reported		Reclassifications		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product, accessories and parts	$	9,344	$	(9,344)	$	—	$	—	$	—
Product and accessories		—		7,206		(1,107)		—		6,099
Service		5,562		(5,562)		—		—		—
Parts and service		—		7,700		124		(213)		7,611
Total revenue, net		14,906		—		(983)		(213)		13,710
Cost of goods sold:
Product, accessories and parts		8,693		(8,693)		—		—		—
Product and accessories		—		7,347		(816)		—		6,531
Service		3,651		(3,651)		—		—		—
Parts and service		—		4,997		62		1,019		6,078
Total cost of goods sold		12,344		—		(754)		1,019		12,609
Gross profit		2,562		—		(229)		(1,232)		1,101
Operating expenses:
Research and development		599		—		—		—		599
Selling, general and administrative		4,872		—		—		—		4,872
Total operating expenses		5,471		—		—		—		5,471
Loss from operations		(2,909)		—		(229)		(1,232)		(4,370)
Other income (expense)		11		—		—		—		11
Interest income		8		—		—		—		8
Interest expense		(1,313)		—		—		—		(1,313)
Loss before provision for income taxes		(4,203)		—		(229)		(1,232)		(5,664)
Provision for income taxes		9		—		—		—		9
Net loss		(4,212)		—		(229)		(1,232)		(5,673)
Less: Deemed dividend on purchase warrant for common shares		15		—		—		—		15
Net loss attributable to common stockholders	$	(4,227)	$	—	$	(229)	$	(1,232)	$	(5,688)

Net loss per share—basic and diluted	$	(0.38)	$	—	$	(0.02)	$	(0.11)	$	(0.52)
Weighted average shares outstanding		11,040		11,040		11,040		11,040		11,040


	Six Months Ended September 30, 2020
(in thousands)	As Reported		Reclassifications		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product, accessories and parts	$	18,280	$	(18,280)	$	—	$	—	$	—
Product and accessories		—		13,812		3,496		—		17,308
Service		10,819		(10,819)		—		—		—
Parts and service		—		15,287		632		(452)		15,467
Total revenue, net		29,099		—		4,128		(452)		32,775
Cost of goods sold:
Product, accessories and parts		16,688		(16,688)		—		—		—
Product and accessories		—		14,147		2,502		—		16,649
Service		6,476		(6,476)		—		—		—
Parts and service		—		9,017		224		1,727		10,968
Total cost of goods sold		23,164		—		2,726		1,727		27,617
Gross profit		5,935		—		1,402		(2,179)		5,158
Operating expenses:
Research and development		969		—		—		—		969
Selling, general and administrative		8,418		—		—		—		8,418
Total operating expenses		9,387		—		—		—		9,387
Loss from operations		(3,452)		—		1,402		(2,179)		(4,229)
Other income (expense)		15		—		—		—		15
Interest income		16		—		—		—		16
Interest expense		(2,604)		—		—		—		(2,604)
Loss before provision for income taxes		(6,025)		—		1,402		(2,179)		(6,802)
Provision for income taxes		10		—		—		—		10
Net loss		(6,035)		—		1,402		(2,179)		(6,812)
Less: Deemed dividend on purchase warrant for common shares		15		—		—		—		15
Net loss attributable to common stockholders	$	(6,050)	$	—	$	1,402	$	(2,179)	$	(6,827)

Net loss per share—basic and diluted	$	(0.56)	$	—	$	0.13	$	(0.20)	$	(0.63)
Weighted average shares outstanding		10,862		10,862		10,862		10,862		10,862


	Three Months Ended December 31, 2020
(in thousands)	As Reported		Reclassifications		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product, accessories and parts	$	15,374	$	(15,374)	$	—	$	—	$	—
Product and accessories		—		12,760		(3,912)		—		8,848
Service		5,301		(5,301)		—		—		—
Parts and service		—		7,915		72		(138)		7,849
Total revenue, net		20,675		—		(3,840)		(138)		16,697
Cost of goods sold:
Product, accessories and parts		13,483		(13,483)		—		—		—
Product and accessories		—		12,324		(3,141)		—		9,183
Service		3,720		(3,720)		—		—		—
Parts and service		—		4,879		31		387		5,297
Total cost of goods sold		17,203		—		(3,110)		387		14,480
Gross profit		3,472		—		(730)		(525)		2,217
Operating expenses:
Research and development		734		—		—		—		734
Selling, general and administrative		4,816		—		—		—		4,816
Total operating expenses		5,550		—		—		—		5,550
Loss from operations		(2,078)		—		(730)		(525)		(3,333)
Other income (expense)		(11)		—		—		—		(11)
Interest income		7		—		—		—		7
Interest expense		(1,231)		—		—		—		(1,231)
Gain (loss) on debt extinguishment		(4,282)		—		—		—		(4,282)
Loss before provision for income taxes		(7,595)		—		(730)		(525)		(8,850)
Provision for income taxes		—		—		—		—		—
Net loss		(7,595)		—		(730)		(525)		(8,850)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—		—
Net loss attributable to common stockholders	$	(7,595)	$	—	$	(730)	$	(525)	$	(8,850)

Net loss per share—basic and diluted	$	(0.69)	$	—	$	(0.07)	$	(0.05)	$	(0.80)
Weighted average shares outstanding		11,081		11,081		11,081		11,081		11,081


	Nine Months Ended December 31, 2020
(in thousands)	As Reported		Reclassifications		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product, accessories and parts	$	33,654	$	(33,654)	$	—	$	—	$	—
Product and accessories		—		26,572		(416)		—		26,156
Service		16,120		(16,120)		—		—		—
Parts and service		—		23,202		704		(590)		23,316
Total revenue, net		49,774		—		288		(590)		49,472
Cost of goods sold:
Product, accessories and parts		30,171		(30,171)		—		—		—
Product and accessories		—		26,471		(639)		—		25,832
Service		10,196		(10,196)		—		—		—
Parts and service		—		13,896		255		2,114		16,265
Total cost of goods sold		40,367		—		(384)		2,114		42,097
Gross profit		9,407		—		672		(2,704)		7,375
Operating expenses:
Research and development		1,703		—		—		—		1,703
Selling, general and administrative		13,234		—		—		—		13,234
Total operating expenses		14,937		—		—		—		14,937
Loss from operations		(5,530)		—		672		(2,704)		(7,562)
Other income (expense)		4		—		—		—		4
Interest income		23		—		—		—		23
Interest expense		(3,835)		—		—		—		(3,835)
Gain (loss) on debt extinguishment		(4,282)		—		—		—		(4,282)
Loss before provision for income taxes		(13,620)		—		672		(2,704)		(15,652)
Provision for income taxes		10		—		—		—		10
Net loss		(13,630)		—		672		(2,704)		(15,662)
Less: Deemed dividend on purchase warrant for common shares		15		—		—		—		15
Net loss attributable to common stockholders	$	(13,645)	$	—	$	672	$	(2,704)	$	(15,677)

Net loss per share—basic and diluted	$	(1.25)	$	—	$	0.06	$	(0.25)	$	(1.43)
Weighted average shares outstanding		10,935		10,935		10,935		10,935		10,935


	Three Months Ended March 31, 2021
(in thousands)	As Reported		Reclassifications		Bill and Hold		FPP Contracts		As Restated
Revenue, net:
Product and accessories	$	9,945	$	—	$	550	$	—	$	10,495
Parts and service		7,917		—		(134)		(143)		7,640
Total revenue, net		17,862		—		416		(143)		18,135
Cost of goods sold:
Product and accessories		15,554		—		601		—		16,155
Parts and service		4,860		—		(49)		59		4,870
Total cost of goods sold		20,414		—		552		59		21,025
Gross profit		(2,552)		—		(136)		(202)		(2,890)
Operating expenses:
Research and development		714		—		—		—		714
Selling, general and administrative		5,157		—		—		—		5,157
Total operating expenses		5,871		—		—		—		5,871
Loss from operations		(8,423)		—		(136)		(202)		(8,761)
Other income (expense)		4,989		—		—		—		4,989
Interest income		7		—		—		—		7
Interest expense		(1,321)		—		—		—		(1,321)
Gain (loss) on debt extinguishment		—		—		—		—		—
Loss before provision for income taxes		(4,748)		—		(136)		(202)		(5,086)
Provision for income taxes		9		—		—		—		9
Net loss		(4,757)		—		(136)		(202)		(5,095)
Less: Deemed dividend on purchase warrant for common shares		—		—		—		—		—
Net loss attributable to common stockholders	$	(4,757)	$	—	$	(136)	$	(202)	$	(5,095)

Net loss per share—basic and diluted	$	(0.39)	$	—	$	(0.01)	$	(0.02)	$	(0.41)
Weighted average shares outstanding		12,335		12,335		12,335		12,335		12,335


	Three Months Ended June 30, 2021
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Cash Flows from Operating Activities:
Net loss	$	(2,182)	$	(1,135)	$	(904)	$	(4,221)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		386		—		—		386
Amortization of financing costs and discounts		9		—		—		9
Amortization of right-of-use assets		93		—		—		93
(Gain) loss on debt extinguishment		(1,950)		—		—		(1,950)
Inventory provision		276		—		—		276
Provision for warranty expenses		44		—		—		44
Stock-based compensation		305		—		—		305
Changes in operating assets and liabilities:
Accounts receivable		(3,278)		5,901		—		2,623
Inventories		(3,341)		(2,359)		—		(5,700)
Prepaid expenses, other current assets and other assets		(107)		—		—		(107)
Accounts payable and accrued expenses		2,324		—		—		2,324
Accrued salaries and wages and long-term liabilities		(325)		—		—		(325)
Accrued warranty reserve		(1,990)		—		—		(1,990)
Deferred revenue		(405)		(2,407)		—		(2,812)
Factory protection plan liability		—		—		904		904
Net cash used in operating activities		(10,141)		—		—		(10,141)
Cash Flows from Investing Activities:
Expenditures for property, plant, equipment and rental assets		(1,200)		—		—		(1,200)
Net cash used in investing activities		(1,200)		—		—		(1,200)
Cash Flows from Financing Activities:
Net proceeds from term note payable		—		—		—		—
Repayment of notes payable and lease obligations		(106)		—		—		(106)
Cash used in employee stock-based transactions		(29)		—		—		(29)
Net proceeds from issuance of common stock and warrants		11,159		—		—		11,159
Net cash provided by financing activities		11,024		—		—		11,024
Net increase (decrease) increase in Cash and Cash Equivalents		(317)		—		—		(317)
Cash and Cash Equivalents, Beginning of Period		49,533		—		—		49,533
Cash and Cash Equivalents, End of Period	$	49,216	$	—	$	—	$	49,216


	Six Months Ended September 30, 2021
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Cash Flows from Operating Activities:
Net loss	$	(8,176)	$	(1,242)	$	(365)	$	(9,783)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		844		—		—		844
Amortization of financing costs and discounts		17		—		—		17
Amortization of right-of-use assets		449		—		—		449
(Gain) loss on debt extinguishment		(1,950)		—		—		(1,950)
Inventory provision		287		—		—		287
Provision for warranty expenses		143		—		—		143
Stock-based compensation		638		—		—		638
Changes in operating assets and liabilities:
Accounts receivable		(4,767)		3,141		—		(1,626)
Inventories		(6,388)		(1,686)		—		(8,074)
Prepaid expenses, other current assets and other assets		1,327		—		—		1,327
Accounts payable and accrued expenses		4,363		—		—		4,363
Accrued salaries and wages and long-term liabilities		(539)		—		—		(539)
Accrued warranty reserve		(4,129)		—		—		(4,129)
Deferred revenue		(1,474)		(213)		—		(1,687)
Factory protection plan liability		—		—		365		365
Net cash used in operating activities		(19,355)		—		—		(19,355)
Cash Flows from Investing Activities:
Expenditures for property, plant, equipment and rental assets		(2,623)		—		—		(2,623)
Net cash used in investing activities		(2,623)		—		—		(2,623)
Cash Flows from Financing Activities:
Repayment of notes payable and lease obligations		(353)		—		—		(353)
Cash used in employee stock-based transactions		(121)		—		—		(121)
Net proceeds from issuance of common stock and warrants		11,186		—		—		11,186
Net cash provided by financing activities		10,712		—		—		10,712
Net increase (decrease) increase in Cash and Cash Equivalents		(11,266)		—		—		(11,266)
Cash and Cash Equivalents, Beginning of Period		49,533		—		—		49,533
Cash and Cash Equivalents, End of Period	$	38,267	$	—	$	—	$	38,267


	Nine Months Ended December 31, 2021
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Cash Flows from Operating Activities:
Net loss	$	(13,322)	$	(1,724)	$	(25)	$	(15,071)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		1,337		—		—		1,337
Amortization of financing costs and discounts		26		—		—		26
Amortization of right-of-use assets		552		—		—		552
(Gain) loss on debt extinguishment		(1,950)		—		—		(1,950)
Inventory provision		386		—		—		386
Provision for warranty expenses		358		—		—		358
Stock-based compensation		973		—		—		973
Changes in operating assets and liabilities:
Accounts receivable		(6,249)		4,965		—		(1,284)
Inventories		(5,637)		(3,852)		—		(9,489)
Prepaid expenses, other current assets and other assets		509		—		—		509
Accounts payable and accrued expenses		5,953		—		—		5,953
Accrued salaries and wages and long-term liabilities		(168)		—		—		(168)
Accrued warranty reserve		(4,780)		—		—		(4,780)
Deferred revenue		(981)		611		—		(370)
Factory protection plan liability		—		—		25		25
Net cash used in operating activities		(22,993)		—		—		(22,993)
Cash Flows from Investing Activities:
Expenditures for property, plant, equipment and rental assets		(5,748)		—		—		(5,748)
Net cash used in investing activities		(5,748)		—		—		(5,748)
Cash Flows from Financing Activities:
Repayment of notes payable and lease obligations		(590)		—		—		(590)
Cash used in employee stock-based transactions		(129)		—		—		(129)
Net proceeds from issuance of common stock and warrants		11,194		—		—		11,194
Net cash provided by financing activities		10,475		—		—		10,475
Net increase (decrease) increase in Cash and Cash Equivalents		(18,266)		—		—		(18,266)
Cash and Cash Equivalents, Beginning of Period		49,533		—		—		49,533
Cash and Cash Equivalents, End of Period	$	31,267	$	—	$	—	$	31,267


	Three Months Ended June 30, 2020
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Cash Flows from Operating Activities:
Net loss	$	(1,823)	$	1,631	$	(947)	$	(1,139)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		354		—		—		354
Amortization of financing costs and discounts		298		—		—		298
Amortization of right-of-use assets		94		—		—		94
Inventory provision		(118)		—		—		(118)
Provision for warranty expenses		186		—		—		186
(Gain) loss on disposal of equipment		(1)		—		—		(1)
Stock-based compensation		210		—		—		210
Changes in operating assets and liabilities:
Accounts receivable		1,584		(3,043)		—		(1,459)
Inventories		3,646		3,481		—		7,127
Prepaid expenses, other current assets and other assets		(188)		—		—		(188)
Accounts payable and accrued expenses		(4,361)		—		—		(4,361)
Accrued salaries and wages and long-term liabilities		(484)		—		—		(484)
Accrued warranty reserve		(352)		—		—		(352)
Deferred revenue		(916)		(2,069)		—		(2,985)
Factory protection plan liability		—		—		947		947
Net cash used in operating activities		(1,871)		—		—		(1,871)
Cash Flows from Investing Activities:
Expenditures for property, plant, equipment and rental assets		(74)		—		—		(74)
Net cash used in investing activities		(74)		—		—		(74)
Cash Flows from Financing Activities:
Net proceeds from term note payable		1,950		—		—		1,950
Repayment of notes payable and lease obligations		(216)		—		—		(216)
Cash used in employee stock-based transactions		(4)		—		—		(4)
Net proceeds from issuance of common stock and warrants		1,376		—		—		1,376
Net cash provided by financing activities		3,106		—		—		3,106
Net increase (decrease) increase in Cash and Cash Equivalents		1,161		—		—		1,161
Cash and Cash Equivalents, Beginning of Period		15,068		—		—		15,068
Cash and Cash Equivalents, End of Period	$	16,229	$	—	$	—	$	16,229


	Six Months Ended September 30, 2020
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Cash Flows from Operating Activities:
Net loss	$	(6,035)	$	1,402	$	(2,179)	$	(6,812)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		703		—		—		703
Amortization of financing costs and discounts		605		—		—		605
Amortization of right-of-use assets		192		—		—		192
Bad debt expense (recovery)		(48)		—		—		(48)
Inventory provision		78		—		—		78
Provision for warranty expenses		179		—		—		179
(Gain) loss on disposal of equipment		(1)		—		—		(1)
Stock-based compensation		429		—		—		429
Changes in operating assets and liabilities:
Accounts receivable		2,807		(3,318)		—		(511)
Inventories		7,079		2,726		—		9,805
Prepaid expenses, other current assets and other assets		946		—		—		946
Accounts payable and accrued expenses		(4,442)		—		—		(4,442)
Accrued salaries and wages and long-term liabilities		(303)		—		—		(303)
Accrued warranty reserve		(686)		—		—		(686)
Deferred revenue		(1,523)		(810)		—		(2,333)
Factory protection plan liability		—		—		2,179		2,179
Net cash used in operating activities		(20)		—		—		(20)
Cash Flows from Investing Activities:
Expenditures for property, plant, equipment and rental assets		(1,116)		—		—		(1,116)
Net cash used in investing activities		(1,116)		—		—		(1,116)
Cash Flows from Financing Activities:
Net proceeds from term note payable		1,935		—		—		1,935
Repayment of notes payable and lease obligations		(434)		—		—		(434)
Cash used in employee stock-based transactions		(43)		—		—		(43)
Net proceeds from issuance of common stock and warrants		1,392		—		—		1,392
Net cash provided by financing activities		2,850		—		—		2,850
Net increase (decrease) increase in Cash and Cash Equivalents		1,714		—		—		1,714
Cash and Cash Equivalents, Beginning of Period		15,068		—		—		15,068
Cash and Cash Equivalents, End of Period	$	16,782	$	—	$	—	$	16,782


	Nine Months Ended December 31, 2020
(in thousands)	As Reported		Bill and Hold		FPP Contracts		As Restated
Cash Flows from Operating Activities:
Net loss	$	(13,630)	$	672	$	(2,704)	$	(15,662)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		1,072		—		—		1,072
Amortization of financing costs and discounts		614		—		—		614
Amortization of right-of-use assets		289		—		—		289
(Gain) loss on debt extinguishment		4,282		—		—		4,282
Bad debt expense (recovery)		(228)		—		—		(228)
Inventory provision		138		—		—		138
Provision for warranty expenses		535		—		—		535
(Gain) loss on disposal of equipment		(1)		—		—		(1)
Stock-based compensation		678		—		—		678
Changes in operating assets and liabilities:
Accounts receivable		(2,612)		383		—		(2,229)
Inventories		9,402		(384)		—		9,018
Prepaid expenses, other current assets and other assets		899		—		—		899
Accounts payable and accrued expenses		(774)		—		—		(774)
Accrued salaries and wages and long-term liabilities		(173)		—		—		(173)
Accrued warranty reserve		(946)		—		—		(946)
Deferred revenue		(2,911)		(671)		—		(3,582)
Factory protection plan liability		—		—		2,704		2,704
Net cash used in operating activities		(3,366)		—		—		(3,366)
Cash Flows from Investing Activities:
Expenditures for property, plant, equipment and rental assets		(1,269)		—		—		(1,269)
Net cash used in investing activities		(1,269)		—		—		(1,269)
Cash Flows from Financing Activities:
Net proceeds from term note payable		20,833		—		—		20,833
Repayment of notes payable and lease obligations		(655)		—		—		(655)
Cash used in employee stock-based transactions		(43)		—		—		(43)
Net proceeds from issuance of common stock and warrants		1,402		—		—		1,402
Net cash provided by financing activities		21,537		—		—		21,537
Net increase (decrease) increase in Cash and Cash Equivalents		16,902		—		—		16,902
Cash and Cash Equivalents, Beginning of Period		15,068		—		—		15,068
Cash and Cash Equivalents, End of Period	$	31,970	$	—	$	—	$	31,970