Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities:
Net income (loss)	$ 7,392	$ (24,522)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	3,988	3,177
Amortization of financing costs and discounts	53	68
Paid-in-kind interest expense	1,957
Non-cash lease expense	3,431	1,330
Provision for credit loss expense	439	4,277
Inventory write-down	779	961
Provision for warranty expenses	32	592
Stock-based compensation	2,057	863
Non-cash reorganization items, net	(35,255)
Changes in operating assets and liabilities:
Accounts receivable	(571)	4,060
Inventories	15,382	(11,521)
Prepaid expenses, other current assets and other assets	871	(1,210)
Accounts payable and accrued expenses	(8,754)	5,660
Operating lease liability, net	(3,413)	(1,304)
Accrued salaries and wages and long-term liabilities	15	77
Accrued warranty reserve	(171)	(499)
Deferred revenue	(12,305)	8,373
Factory protection plan liability	(3,585)	1,674
Net cash used in operating activities	(27,658)	(7,944)
Cash Flows from Investing Activities:
Expenditures for property, plant, equipment and rental assets	(4,674)	(8,222)
Net cash used in investing activities	(4,674)	(8,222)
Cash Flows from Financing Activities:
Proceeds from debtors-in-process facility	12,000
Debt issuance costs	(244)
Repayment of finance lease obligations	(178)	(804)
Net proceeds from issuance of common stock and warrants		7,250
Net cash provided by financing activities	21,578	6,446
Net decrease in Cash	(10,754)	(9,720)
Cash, Beginning of Period	12,839	22,559
Cash, End of Period	2,085	12,839
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:
Interest	1,620	5,701
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:
Income taxes	14	13
Supplemental Disclosures of Non-Cash Information:
Acquisition of property and equipment through accounts payable		29
Renewal of insurance contracts financed by notes payable	648	665
Deemed dividend		97
Right-of-use assets obtained in exchange for lease obligations	7,348	$ 8,170
Settlement of lease obligations with accounts receivable due	502
Conversion of inventory to rental assets	280
Conversion of prepaid expenses to rental assets	623
Paid-in-kind debt discount in connection with the three-year term note	500
Three-year term note
Cash Flows from Financing Activities:
Proceeds	3,000
Exit new money note
Cash Flows from Financing Activities:
Proceeds	$ 7,000