Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Total revenue $ 67,636 $ 68,926
Cost of goods sold:    
Total cost of goods sold 60,781 59,895
Gross margin 6,855 9,031
Operating expenses:    
Research and development 2,417 3,649
Selling, general and administrative 18,391 22,211
Total operating expenses 20,808 25,860
Loss from operations (13,953) (16,829)
Other income 4,993 133
Interest income 30 8
Interest expense (5,156) (5,198)
Loss on debt extinguishment (4,282)  
Loss before provision for income taxes (18,368) (21,886)
Provision for income taxes 19 12
Net loss (18,387) (21,898)
Less: Deemed dividend on purchase warrant for common shares 15 87
Net loss attributable to common stockholders $ (18,402) $ (21,985)
Net loss per common share attributable to common stockholders-basic and diluted (in dollars per share) $ (1.63) $ (2.70)
Weighted average shares used to calculate basic and diluted net loss per common share attributable to common stockholders (in shares) 11,280 8,150
Product and accessories    
Revenue:    
Total revenue $ 36,517 $ 35,338
Cost of goods sold:    
Total cost of goods sold 42,025 42,273
Parts and service    
Revenue:    
Total revenue 31,119 33,588
Cost of goods sold:    
Total cost of goods sold $ 18,756 $ 17,622