Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Mar. 31, 2025
Current Assets:    
Cash $ 14,437 $ 8,671
Restricted cash (Note 18) 716  
Accounts receivable, net of allowances of $1,363 at December 31, 2025 and $607 at March 31, 2025 11,423 7,037
Inventories 18,282 16,615
Lease receivable, current 125 113
Prepaid expenses and other current assets 5,213 3,653
Total current assets 50,196 36,089
Property, plant, equipment and rental assets, net 17,859 19,362
Intangible assets, net 3,636  
Finance lease right-of-use assets 4,969 3,787
Operating lease right-of-use assets 4,386 8,282
Non-current portion of inventories 2,922 3,464
Lease receivable, non-current 1,085 1,175
Other assets 2,624 2,705
Total assets 87,677 74,864
Current Liabilities:    
Accounts payable 17,715 14,092
Accrued expenses 3,237 1,447
Accrued salaries and wages 2,209 2,838
Accrued warranty reserve 1,139 1,070
Deferred revenue, current 13,775 13,351
Deferred acquisition costs, current 1,678  
Finance lease liability, current 1,661 2,017
Operating lease liability, current 1,408 3,539
Factory protection plan liability 4,931 6,256
Exit notes, net of discount, current 25,304 7,968
Total current liabilities 73,057 52,578
Deferred revenue, non-current 729 598
Deferred acquisition costs, non-current 1,881  
Finance lease liability, non-current 1,279 248
Operating lease liability, non-current 3,144 4,988
Exit notes, net of discount, non-current   24,213
Total liabilities 80,090 82,625
Commitments and contingencies (Note 18)
Temporary equity:    
Redeemable noncontrolling interests 70,866 13,859
Stockholders' deficit:    
Preferred stock, $.001 par value; 1,000,000 shares authorized, and none issued
Additional paid-in capital 912,592 955,407
Accumulated deficit (975,679) (977,000)
Treasury stock, at cost; 215,338 shares at December 31, 2025 and 57,202 shares at March 31, 2025 (216) (46)
Total stockholders' deficit (63,279) (21,620)
Total liabilities, temporary equity and stockholders' deficit 87,677 74,864
Common Stock    
Stockholders' deficit:    
Common stock 23 18
Non-Voting Common Stock    
Stockholders' deficit:    
Common stock $ 1 $ 1