Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Current Assets:    
Cash $ 6,628 $ 8,671
Accounts receivable, net as of allowances of $827 at June 30, 2025 and $607 as of March 31, 2025 10,706 7,037
Inventories 16,583 16,615
Lease receivable, current 117 113
Prepaid expenses and other current assets 3,488 3,653
Total current assets 37,522 36,089
Property, plant, equipment and rental assets, net 18,715 19,362
Finance lease right-of-use assets 4,030 3,787
Operating lease right-of-use assets 5,741 8,282
Non-current portion of inventories 3,077 3,464
Lease receivable, non-current 1,146 1,175
Other assets 2,530 2,705
Total assets 72,761 74,864
Current Liabilities:    
Accounts payable 15,159 14,092
Accrued expenses 1,640 1,447
Accrued salaries and wages 3,410 2,838
Accrued warranty reserve 1,134 1,070
Deferred revenue, current 10,159 13,351
Finance lease liability, current 2,791 2,017
Operating lease liability, current 2,441 3,539
Factory protection plan liability 6,878 6,256
Exit new money notes, net of discount, current 8,100 7,968
Total current liabilities 51,712 52,578
Deferred revenue, non-current 568 598
Finance lease liability, non-current 553 248
Operating lease liability, non-current 3,519 4,988
Exit new money notes, net of discount, non-current 24,597 24,213
Total liabilities 80,949 82,625
Commitments and contingencies (Note 17)
Temporary equity:    
Redeemable noncontrolling interests 13,859 13,859
Stockholders' deficit:    
Preferred stock, $.001 par value; 1,000,000 shares authorized, and none issued
Additional paid-in capital 955,765 955,407
Accumulated deficit (977,698) (977,000)
Treasury stock, at cost; 176,494 shares at June 30, 2025 and 57,202 shares at March 31, 2025 (134) (46)
Total stockholders' deficit (22,047) (21,620)
Total liabilities, temporary equity and stockholders' deficit 72,761 74,864
Common Stock    
Stockholders' deficit:    
Common stock 19 18
Non-Voting Common Stock    
Stockholders' deficit:    
Common stock $ 1 $ 1