Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current Assets:    
Cash and cash equivalents $ 3,866 $ 12,839
Accounts receivable, net of allowances of $4,366 at December 31, 2023 and $4,813 at March 31, 2023 5,617 7,102
Inventories, net 30,000 37,328
Prepaid expenses and other current assets 7,276 7,447
Total current assets 46,759 64,716
Property, plant, equipment and rental assets, net 26,578 24,275
Finance lease right-of-use assets 4,542 4,529
Operating lease right-of-use assets 13,227 8,808
Non-current portion of inventories 3,531 3,112
Other assets 3,110 2,591
Total assets 97,747 108,031
Current Liabilities:    
Accounts payable and accrued expenses 22,331 30,290
Accrued salaries and wages 1,260 1,223
Accrued warranty reserve 1,593 1,576
Deferred revenue 17,694 23,372
Finance lease liability, current 964 773
Operating lease liability, current 3,936 2,492
Factory protection plan liability 8,317 10,844
Term note payable   50,983
Total current liabilities 56,095 121,553
Deferred revenue, non-current 718 817
Finance lease liability, non-current 2,541 2,903
Operating lease liability, non-current 9,581 6,588
Exit new money notes, net, non-current 24,051  
Other non-current liabilities 265 265
Total liabilities 93,251 132,126
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests:    
Redeemable noncontrolling interests 13,859  
Stockholders' deficiency:    
Preferred stock, $.001 par value; 1,000,000 shares authorized and issued
Additional paid-in capital 955,146 955,228
Accumulated deficit (964,528) (977,202)
Treasury stock, at cost; 129,515 shares at December 31, 2023 and 117,014 shares at March 31, 2023   (2,139)
Total stockholders' deficiency (9,363) (24,095)
Total liabilities, temporary equity and stockholders' deficiency 97,747 108,031
Common Stock    
Stockholders' deficiency:    
Common stock 18 $ 18
Non-voting common stock    
Stockholders' deficiency:    
Common stock $ 1