Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Mar. 31, 2024
Current Assets:    
Cash $ 8,671 $ 2,085
Accounts receivable, net of allowances of $607 at March 31, 2025 and $3,287 at March 31, 2024 7,037 6,552
Inventories 16,615 20,642
Lease receivable, current 113  
Prepaid expenses and other current assets 3,653 5,449
Total current assets 36,089 34,728
Property, plant, equipment and rental assets, net 19,362 25,854
Finance lease right-of-use assets 3,787 4,391
Operating lease right-of-use assets 8,282 12,279
Non-current portion of inventories 3,464 3,917
Lease receivable, non-current 1,175  
Other assets 2,705 3,037
Total assets 74,864 84,206
Current Liabilities:    
Accounts payable 14,092 15,094
Accrued expenses 3,113 3,118
Accrued salaries and wages 1,172 1,220
Accrued warranty reserve 1,070 1,437
Deferred revenue 13,351 11,183
Finance lease liability, current 2,017 964
Operating lease liability, current 3,539 4,041
Factory protection plan liability 6,256 7,259
Exit new money notes, net of discount, current 7,968 28,911
Total current liabilities 52,578 73,227
Deferred revenue, non-current 598 675
Finance lease liability, non-current 248 2,300
Operating lease liability, non-current 4,988 8,527
Exit new money notes, net of discount, non-current 24,213  
Other non-current liabilities   264
Total liabilities 82,625 84,993
Commitments and contingencies (Note 14)
Temporary equity:    
Redeemable noncontrolling interests 13,859 13,859
Stockholders' deficiency:    
Preferred stock, $.001 par value; 1,000,000 shares authorized; none issued
Additional paid-in capital 955,407 955,145
Accumulated deficit (977,000) (969,810)
Treasury stock, at cost; 57,202 shares at March 31, 2025 and 0 shares at March 31, 2024 (46)  
Total stockholders' deficiency (21,620) (14,646)
Total liabilities, temporary equity and stockholders' deficiency 74,864 84,206
Common Stock    
Stockholders' deficiency:    
Common stock 18 18
Non-Voting Common Stock    
Stockholders' deficiency:    
Common stock $ 1 $ 1