Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net loss $ (11,566) $ (7,853)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,960 1,470
Amortization of financing costs and discounts 29 51
Paid-in-kind interest expense 162  
Amortization of right-of-use assets 1,564 475
Allowance for credit loss   75
Inventory provision 341 420
Provision for warranty expenses 232 364
Loss on disposal of equipment   279
Stock-based compensation 387 386
Non-cash reorganization items (453)  
Changes in operating assets and liabilities:    
Accounts receivable (1,942) 2,076
Inventories 7,656 (4,631)
Prepaid expenses, other current assets and other assets 168 (874)
Accounts payable and accrued expenses 2,329 (871)
Operating lease liability (1,551) (531)
Accrued salaries and wages and long-term liabilities 53 (23)
Accrued warranty reserve (76) (185)
Deferred revenue (8,513) 5,366
Factory protection plan liability (133) 1,022
Net cash used in operating activities (9,353) (2,984)
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (3,917) (2,564)
Net cash used in investing activities (3,917) (2,564)
Cash Flows from Financing Activities:    
Net proceeds from term note payable 3,000  
Repayment of notes payable and lease obligations (65) (482)
Net proceeds from issuance of common stock and warrants   7,251
Net cash provided by financing activities 2,935 6,769
Net increase (decrease) in Cash and Cash Equivalents (10,335) 1,221
Cash and Cash Equivalents, Beginning of Period 12,839 22,559
Cash and Cash Equivalents, End of Period $ 2,504 $ 23,780