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
 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (4,360) $ (11,566)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,076 1,960
Amortization of financing costs and discounts 35 29
Paid-in-kind interest expense 1,909 162
Non-cash lease expense 1,953 1,564
Provision for credit loss expense 414 0
Inventory write-down 458 341
(Benefit) provision for warranty expenses (223) 232
Stock-based compensation 109 387
Non-cash reorganization items, net   (453)
Changes in operating assets and liabilities:    
Accounts receivable (2,870) (1,942)
Inventories 2,831 7,656
Prepaid expenses, other current assets and other assets 1,452 168
Accounts payable and accrued expenses 2,896 2,329
Operating lease liability, net (1,973) (1,551)
Accrued salaries and wages and long-term liabilities (73) 53
Accrued warranty reserve (69) (76)
Deferred revenue (1,974) (8,513)
Factory protection plan liability (1,693) (133)
Net cash provided by (used in) operating activities 898 (9,353)
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (162) (3,917)
Net cash used in investing activities (162) (3,917)
Cash Flows from Financing Activities:    
Proceeds from three-year term note   3,000
Repayment of finance lease obligations (108) (65)
Net cash provided by (used in) financing activities (108) 2,935
Net increase (decrease) in Cash 628 (10,335)
Cash, Beginning of Period 2,085 12,839
Cash, End of Period 2,713 2,504
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable   680
Settlement of lease liabilities through accounts receivable 375  
Right-of-use assets obtained in exchange for lease obligations   $ 447
Rental assets transferred to inventory $ 1,813