Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.24.1.1.u2
Revenue Recognition (Tables)
12 Months Ended
Mar. 31, 2022
Revenue Recognition  
Schedule of disaggregated revenue by business group

The following table presents disaggregated revenue by business group (in thousands):

Year Ended March 31,

2022

2021

    

(Restated)

    

(Restated)

Microturbine Products

$

31,367

$

34,367

Accessories

1,353

2,284

Total Product and Accessories

32,720

36,651

Parts and Service(1)

 

31,244

 

30,956

Total Revenue

$

63,964

$

67,607

(1) $0.3 million and $0.1 million of parts and service revenue reported were non-ASC-606 revenue related to the labor reimbursement of FPP contracts as of March 31, 2022 and 2021, respectively.
Summary of geographic revenue information based on primary operation location of customer

Following is the geographic revenue information based on the primary operating location of the Company’s customers (in thousands):

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

Schedule of changes in deferred revenue

March 31, 2022

March 31, 2021

(Restated)

(Restated)

Opening balance, beginning of the period

$

12,587

$

15,376

Closing balance, end of the period

$

15,816

$

12,587

Revenue recognized in the period from:

Amounts included in contract liability at the beginning of the period

$

11,303

$

11,998