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
 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net Income (loss) $ 136 $ (4,360)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,956 2,076
Amortization of financing costs and discounts 44 35
Paid-in-kind interest expense 999 1,909
Non-cash lease expense 1,492 1,953
Provision for credit loss expense 276 414
Inventory write-down 553 458
Provision (benefit) for warranty expenses 160 (223)
Stock-based compensation 460 109
Changes in operating assets and liabilities:    
Accounts receivable (9,392) (2,870)
Inventories (39) 2,831
Lease receivable 292  
Prepaid expenses, other current assets and other assets (34) 1,452
Accounts payable 5,424 3,661
Accrued expenses (311) (765)
Operating lease liability, net (1,551) (1,973)
Accrued salaries and wages and long-term liabilities (175) (73)
Accrued warranty reserve (49) (69)
Deferred revenue (2,134) (1,974)
Factory protection plan liability 848 (1,693)
Net cash (used in) provided by operating activities (1,045) 898
Cash Flows from Investing Activities:    
Total business combination consideration, net of cash acquired 1,410  
Expenditures for property, plant, equipment and rental assets (381) (162)
Net cash provided by (used) in investing activities 1,029 (162)
Cash Flows from Financing Activities:    
Acquisition of treasury stock (208)  
Repayment of finance lease obligations (750) (108)
Net cash used in financing activities (958) (108)
Net increase (decrease) in Cash (974) 628
Cash, Beginning of Period 8,671 2,085
Cash and restricted cash, End of Period 7,697 2,713
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:    
Interest 1,114 72
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:    
Income taxes 116 16
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 1,720  
Rental assets transferred to inventory   1,813
Acquisition of treasury stock with accrued liabilities 46  
Settlement of lease liabilities through accounts receivable 979 $ 375
Operating lease modified to finance lease 614  
Accounts payable negotiated in lease modification $ 1,289