Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies and Going Concern (Tables)

v3.24.1.1.u2
Summary of Significant Accounting Policies and Going Concern (Tables)
12 Months Ended
Mar. 31, 2022
Summary of Significant Accounting Policies and Going Concern  
Schedule of changes in the accounts receivable allowances

Balance, April 1, 2020 (Restated)

$

522

Reductions charged to costs and expenses

 

(228)

Bad debt write-off

 

(97)

Balance, March 31, 2021 (Restated)

$

197

Additions charged to costs and expenses

 

391

Bad debt write-off

 

(2)

Balance, March 31, 2022 (Restated)

$

586

Schedule of geographic revenue information based on the primary operating location of the Company's customers

Year Ended March 31,

 

2022

    

2021

    

(Restated)

    

(Restated)

 

United States

$

30,269

$

33,332

Mexico

 

3,706

 

3,836

All other North America

 

600

 

304

Total North America

 

34,575

 

37,472

Russia

 

3,381

 

3,107

All other Europe

10,872

13,026

Total Europe

14,253

16,133

Asia

 

5,978

 

6,342

Australia

 

4,195

 

3,297

All other

 

4,963

 

4,363

Total Revenue

$

63,964

$

67,607

Summary of Company's revenue by product

The following table summarizes the Company’s revenue by product (in thousands):

Year Ended March 31,

 

    

2022

    

2021

 

    

(Restated)

    

(Restated)

 

C30

$

1,101

$

1,009

C65

 

8,763

 

9,989

C200

 

3,213

 

2,619

C600

 

6,899

 

6,707

C800

 

4,935

 

3,069

C1000

 

6,456

 

10,974

Microturbine Products

$

31,367

$

34,367

Accessories

1,353

2,284

Total Product and Accessories

32,720

36,651

Parts and Service

 

31,244

 

30,956

Total Revenue

$

63,964

$

67,607