Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Mar. 31, 2012
Current Assets:    
Cash and cash equivalents $ 38,817 $ 49,952
Accounts receivable, net of allowance for doubtful accounts of $2,142 at March 31, 2013 and $2,228 at March 31, 2012 17,941 18,576
Inventories 18,513 18,881
Prepaid expenses and other current assets 2,588 2,974
Total current assets 77,859 90,383
Property, plant and equipment, net 3,543 4,833
Non-current portion of inventories 3,252 1,313
Intangible assets, net 2,313 2,811
Other assets 371 452
Total 87,338 99,792
Current Liabilities:    
Accounts payable and accrued expenses 24,121 23,061
Accrued salaries and wages 1,721 1,716
Accrued warranty reserve 2,299 1,494
Deferred revenue 3,089 2,995
Revolving credit facility 13,476 10,431
Current portion of notes payable and capital lease obligations 361 363
Warrant liability 10 791
Total current liabilities 45,077 40,851
Long-term portion of notes payable and capital lease obligations 233 70
Other long-term liabilities 142 254
Commitments and contingencies (Note 12)      
Stockholders' Equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued      
Common stock, $.001 par value; 515,000,000 shares authorized, 305,661,276 shares issued and 304,622,573 shares outstanding at March 31, 2013; 415,000,000 shares authorized, 300,315,313 shares issued and 299,317,493 shares outstanding at March 31, 2012 306 300
Additional paid-in capital 796,767 790,901
Accumulated deficit (753,975) (731,412)
Treasury stock, at cost; 1,038,703 shares at March 31, 2013 and 997,820 shares at March 31, 2012 (1,212) (1,172)
Total stockholders' equity 41,886 58,617
Total $ 87,338 $ 99,792