Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Mar. 31, 2013
Current Assets:    
Cash and cash equivalents $ 27,859 $ 38,817
Accounts receivable, net of allowances of $2,246 at March 31, 2014 and $2,142 at March 31, 2013 28,019 17,941
Inventories 18,102 18,513
Prepaid expenses and other current assets 2,217 2,588
Total current assets 76,197 77,859
Property, plant and equipment, net 2,891 3,543
Non-current portion of inventories 2,938 3,252
Intangible assets, net 1,790 2,313
Other assets 302 371
Total 84,118 87,338
Current Liabilities:    
Accounts payable and accrued expenses 28,577 24,121
Accrued salaries and wages 1,883 1,721
Accrued warranty reserve 2,965 2,299
Deferred revenue 2,657 3,089
Revolving credit facility 13,228 13,476
Current portion of notes payable and capital lease obligations 444 361
Warrant liability   10
Total current liabilities 49,754 45,077
Long-term portion of notes payable and capital lease obligations 201 233
Other long-term liabilities 70 142
Commitments and contingencies (Note 12)      
Stockholders' Equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued      
Common stock, $.001 par value; 515,000,000 shares authorized, 311,520,567 shares issued and 310,377,293 shares outstanding at March 31, 2014; 305,661,276 shares issued and 304,622,573 shares outstanding at March 31, 2013 312 306
Additional paid-in capital 805,342 796,767
Accumulated deficit (770,231) (753,975)
Treasury stock, at cost; 1,143,274 shares at March 31, 2014 and 1,038,703 shares at March 31, 2013 (1,330) (1,212)
Total stockholders' equity 34,093 41,886
Total $ 84,118 $ 87,338