Quarterly report [Sections 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, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net loss $ (698) $ (3,937)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 926 1,014
Amortization of financing costs and discounts 23 13
Paid-in-kind interest expense 493 924
Non-cash lease expense 821 979
Provision for credit loss expense 227 146
Inventory write-down 166 155
Provision (benefit) for warranty expenses 70 (81)
Stock-based compensation 349 57
Changes in operating assets and liabilities:    
Accounts receivable (4,170) (809)
Inventories 253 262
Lease receivable 25  
Prepaid expenses, other current assets and other assets 274 851
Accounts payable 2,356 4,171
Accrued expenses 124 (366)
Operating lease liability, net (847) (989)
Accrued salaries and wages and long-term liabilities 617 38
Accrued warranty reserve (6) (22)
Deferred revenue (3,222) 626
Factory protection plan liability 623 (940)
Net cash provided (used) in operating activities (1,596) 2,092
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (126) (149)
Net cash used in investing activities (126) (149)
Cash Flows from Financing Activities:    
Debt issuance costs (134)  
Repayment of finance lease obligations (187) (53)
Net cash used in financing activities (321) (53)
Net increase (decrease) in Cash (2,043) 1,890
Cash, Beginning of Period 8,671 2,085
Cash, End of Period 6,628 3,975
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:    
Interest 479 39
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:    
Income taxes 14 5
Supplemental Disclosures of Non-Cash Information:    
Right-of-use assets obtained in exchange for operating lease obligations 1,419  
Right-of-use assets obtained in exchange for finance lease obligations 396  
Acquisition of treasury stock with accrued liabilities 46  
Settlement of lease liabilities through accounts receivable 210 $ 184
Operating lease modified to finance lease 614  
Accounts payable negotiated in lease modification $ 1,289