Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Current Assets:    
Cash and cash equivalents $ 2,504 $ 12,839
Accounts receivable, net of allowances of $4,375 at September 30, 2023 and $4,813 at March 31, 2023 8,713 7,102
Inventories, net 29,080 37,328
Prepaid expenses and other current assets 7,343 7,447
Total current assets 47,640 64,716
Property, plant, equipment and rental assets, net 26,482 24,275
Finance lease right-of-use assets 4,693 4,529
Operating lease right-of-use assets 14,146 8,808
Non-current portion of inventories 3,643 3,112
Other assets 2,527 2,591
Total assets 99,131 108,031
Current Liabilities:    
Accounts payable and accrued expenses 29,634 30,290
Accrued salaries and wages 1,276 1,223
Accrued warranty reserve 1,732 1,576
Deferred revenue 14,930 23,372
Finance lease liability, current 934 773
Operating lease liability, current 3,834 2,492
Factory protection plan liability 10,711 10,844
Term note payable   50,983
Total current liabilities 63,051 121,553
Deferred revenue, non-current 746 817
Finance lease liability, non-current 2,794 2,903
Operating lease liability, non-current 10,596 6,588
Other non-current liabilities 263 265
Total liabilities not subject to compromise 77,450 132,126
Liabilities subject to compromise (Note 3) 56,954  
Total liabilities 134,404 132,126
Commitments and contingencies (Note 14)
Stockholders' Deficiency:    
Preferred stock, $.001 par value; 1,000,000 shares authorized; none issued
Common stock, $.001 par value; 51,500,000 shares authorized, 19,167,971 shares issued and 19,038,456 shares outstanding at September 30, 2023; 18,511,555 shares issued and 18,394,541 shares outstanding at March 31, 2023 19 18
Additional paid-in capital 955,630 955,228
Accumulated deficit (988,768) (977,202)
Treasury stock, at cost; 129,515 shares at September 30, 2023 and 117,014 shares at March 31, 2023 (2,154) (2,139)
Total stockholders' deficiency (35,273) (24,095)
Total liabilities and stockholders' deficiency $ 99,131 $ 108,031