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, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (3,937) $ (5,679)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,014 944
Amortization of financing costs and discounts 13 9
Paid-in-kind interest expense 924  
Non-cash lease expense 979 632
Provision for credit loss expense 146 0
Inventory write-down 155 137
Provision (benefit) for warranty expenses (81) 74
Stock-based compensation 57 306
Changes in operating assets and liabilities:    
Accounts receivable (809) (1,941)
Inventories 262 2,401
Prepaid expenses, other current assets and other assets 851 (597)
Accounts payable and accrued expenses 3,805 3,624
Operating lease liability, net (989) (626)
Accrued salaries and wages and long-term liabilities 38 170
Accrued warranty reserve (22) (28)
Deferred revenue 626 (4,584)
Factory protection plan liability (940) 356
Net cash provided by (used in) operating activities 2,092 (4,802)
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (149) (2,190)
Net cash used in investing activities (149) (2,190)
Cash Flows from Financing Activities:    
Repayment of finance lease obligations (53) (32)
Net cash used in financing activities (53) (32)
Net increase (decrease) in Cash 1,890 (7,024)
Cash, Beginning of Period 2,085 12,839
Cash, End of Period $ 3,975 $ 5,815