Quarterly report [Sections 13 or 15(d)]

Business Combination (Tables)

Business Combination (Tables)

9 Months Ended

Dec. 31, 2025

Schedule of total consideration transferred at the closing date


	As of the Closing Date
Cash paid at close	$	5,951
Deferred consideration (1)		3,427
Settlement of preexisting relationships (2)		5,538
Total consideration	$	14,916

(1)

The deferred consideration reflects cash payments of $4.0 million which will be distributed over 24 monthly installments starting in January 2026. These payments were discounted to their present value using an 11.45% discount rate.

(2)

The settlement of preexisting balances related to accounts receivable and deferred revenue.

Schedule of purchase price allocation


	Acquisition Date Fair Value
Assets acquired
Cash	$	7,361
Accounts receivable		6,689
Inventories		760
Lease receivable, current		366
Prepaid expenses and other current assets		19
Property, plant, equipment and rental assets		52
Finance lease right-of-use assets		36
Operating lease right-of-use assets		12
Intangible assets (1)		3,884
Goodwill		—
Total assets acquired		19,179
Liabilities assumed
Accounts payable		432
Accrued expenses		479
Accrued salaries and wages		655
Deferred revenue, current		2,649
Finance lease liability, current		17
Operating lease liability, current		7
Finance lease liability, non-current		19
Operating lease liability, non-current		5
Total liabilities assumed		4,263
Net assets acquired	$	14,916

(1) The intangible asset relates to customer relationships and was determined to have a weighted average amortization period of 6 years. Amortization from August 13, 2025 through December 31, 2025 is $0.2 million.

Schedule of pro forma financial information


	Three months ended December 31, 2025		Three months ended December 31, 2024		Nine months ended December 31, 2025		Nine months ended December 31, 2024
Revenues, net	$	26,762	$	22,616	$	88,929	$	62,125
Net income (loss)		1,459		(2,566)		6,174		(8,990)

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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