Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Current Assets:    
Cash and cash equivalents $ 5,815 $ 12,839
Accounts receivable, net of allowances of $4,378 at June 30, 2023 and $4,813 at March 31, 2023 8,879 7,102
Inventories 34,838 37,328
Prepaid expenses and other current assets 8,084 7,447
Total current assets 57,616 64,716
Property, plant, equipment and rental assets, net 25,758 24,275
Finance lease right-of-use assets 4,389 4,529
Operating lease right-of-use assets 9,136 8,808
Non-current portion of inventories 3,343 3,112
Other assets 2,550 2,591
Total assets 102,792 108,031
Current Liabilities:    
Accounts payable and accrued expenses 34,288 30,290
Accrued salaries and wages 1,393 1,223
Accrued warranty reserve 1,622 1,576
Deferred revenue 18,837 23,372
Finance lease liability, current 840 773
Operating lease liability, current 2,881 2,492
Factory protection plan liability 11,200 10,844
Term note payable 50,991 50,983
Total current liabilities 122,052 121,553
Deferred revenue, non-current 768 817
Finance lease liability, non-current 2,641 2,903
Operating lease liability, non-current 6,534 6,588
Other non-current liabilities 265 265
Total liabilities 132,260 132,126
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, 18,551,478 shares issued and 18,425,693 shares outstanding at June 30, 2023; 18,511,555 shares issued and 18,394,541 shares outstanding at March 31, 2023 18 18
Additional paid-in capital 955,545 955,228
Accumulated deficit (982,881) (977,202)
Treasury stock, at cost; 125,785 shares at June 30, 2023 and 117,014 shares at March 31, 2023 (2,150) (2,139)
Total stockholders' deficiency (29,468) (24,095)
Total liabilities and stockholders' deficiency $ 102,792 $ 108,031