Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
Current Assets:    
Cash $ 2,713 $ 2,085
Accounts receivable, net of allowances of $3,712 at September 30, 2024 and $3,287 at March 31, 2024 8,633 6,552
Inventories 19,877 20,642
Prepaid expenses and other current assets 4,172 5,449
Total current assets 35,395 34,728
Property, plant, equipment and rental assets, net 22,428 25,854
Finance lease right-of-use assets 4,089 4,391
Operating lease right-of-use assets 10,326 12,279
Non-current portion of inventories 3,206 3,917
Other assets 2,862 3,037
Total assets 78,306 84,206
Current Liabilities:    
Accounts payable and accrued expenses 21,108 18,212
Accrued salaries and wages 1,147 1,220
Accrued warranty reserve 1,145 1,437
Deferred revenue, current 9,267 11,183
Finance lease liability, current 926 964
Operating lease liability, current 3,991 4,041
Factory protection plan liability 5,566 7,259
Exit new money notes, net of discount, current   28,911
Total current liabilities 43,150 73,227
Deferred revenue, non-current 617 675
Finance lease liability, non-current 1,854 2,300
Operating lease liability, non-current 6,604 8,527
Exit new money notes, net of discount, non-current 30,855  
Other non-current liabilities 264 264
Total liabilities 83,344 84,993
Commitments and contingencies (Note 13)
Temporary equity:    
Redeemable noncontrolling interests 13,859 13,859
Stockholders' deficiency:    
Preferred stock, $.001 par value; 1,000,000 shares authorized, and none issued
Additional paid-in capital 955,254 955,145
Accumulated deficit (974,170) (969,810)
Total stockholders' deficiency (18,897) (14,646)
Total liabilities, temporary equity and stockholders' deficiency 78,306 84,206
Voting Common Stock    
Stockholders' deficiency:    
Common stock 18 18
Non-voting common stock    
Stockholders' deficiency:    
Common stock $ 1 $ 1