Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Mar. 31, 2025
Current Assets:    
Cash $ 6,981 $ 8,671
Restricted cash (Note 17) 716  
Accounts receivable, net of allowances of $1,249 at September 30, 2025 and $607 at March 31, 2025 14,279 7,037
Inventories 17,103 16,615
Lease receivable, current 246 113
Prepaid expenses and other current assets 3,605 3,653
Total current assets 42,930 36,089
Property, plant, equipment and rental assets, net 18,300 19,362
Intangible assets 3,860  
Finance lease right-of-use assets 5,123 3,787
Operating lease right-of-use assets 5,080 8,282
Non-current portion of inventories 3,221 3,464
Lease receivable, non-current 1,116 1,175
Other assets 2,737 2,705
Total assets 82,367 74,864
Current Liabilities:    
Accounts payable 18,261 14,092
Accrued expenses 1,682 1,447
Accrued salaries and wages 3,273 2,838
Accrued warranty reserve 1,180 1,070
Deferred revenue, current 12,447 13,351
Deferred acquisition costs, current 1,121  
Finance lease liability, current 1,945 2,017
Operating lease liability, current 1,929 3,539
Factory protection plan liability 7,103 6,256
Exit new money notes, net of discount, current 8,236 7,968
Total current liabilities 57,177 52,578
Deferred revenue, non-current 436 598
Deferred acquisition costs, non-current 2,321  
Finance lease liability, non-current 1,426 248
Operating lease liability, non-current 3,337 4,988
Exit new money notes, net of discount, non-current 24,988 24,213
Total liabilities 89,685 82,625
Commitments and contingencies (Note 17)
Temporary equity:    
Redeemable noncontrolling interests 32,042 13,859
Stockholders' deficit:    
Preferred stock, $.001 par value; 1,000,000 shares authorized, and none issued
Additional paid-in capital 937,693 955,407
Accumulated deficit (976,864) (977,000)
Treasury stock, at cost; 208,798 shares at September 30, 2025 and 57,202 shares at March 31, 2025 (209) (46)
Total stockholders' deficit (39,360) (21,620)
Total liabilities, temporary equity and stockholders' deficit 82,367 74,864
Common Stock    
Stockholders' deficit:    
Common stock 19 18
Non-Voting Common Stock    
Stockholders' deficit:    
Common stock $ 1 $ 1