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
 3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net loss $ (5,679) $ (4,200)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 944 651
Amortization of financing costs and discounts 9 43
Amortization of right-of-use assets 632 151
Inventory provision 137 270
Provision for warranty expenses 74 174
Stock-based compensation 306 232
Changes in operating assets and liabilities:    
Accounts receivable (1,941) 1,597
Inventories 2,401 178
Prepaid expenses, other current assets and other assets (597) (253)
Accounts payable and accrued expenses 3,624 (2,668)
Operating lease liability (626) (179)
Accrued salaries and wages and long-term liabilities 170 212
Accrued warranty reserve (28) (130)
Deferred revenue (4,584) (1,200)
Factory protection plan liability 356 1,557
Net cash used in operating activities (4,802) (3,565)
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (2,190) (1,887)
Net cash used in investing activities (2,190) (1,887)
Cash Flows from Financing Activities:    
Repayment of notes payable and lease obligations (32) (193)
Net cash used in financing activities (32) (193)
Net decrease in Cash and Cash Equivalents (7,024) (5,645)
Cash and Cash Equivalents, Beginning of Period 12,839 22,559
Cash and Cash Equivalents, End of Period $ 5,815 $ 16,914