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, 2022
Mar. 31, 2021
Revenue:    
Total revenue $ 69,645 $ 67,636
Cost of goods sold:    
Total cost of goods sold 61,107 60,781
Gross margin 8,538 6,855
Operating expenses:    
Research and development 3,359 2,417
Selling, general and administrative 22,980 18,391
Total operating expenses 26,339 20,808
Loss from operations (17,801) (13,953)
Other income 642 4,993
Interest income 21 30
Interest expense (5,004) (5,156)
Gain (loss) on debt extinguishment 1,950 (4,282)
Loss before provision for income taxes (20,192) (18,368)
Provision for income taxes 19 19
Net loss (20,211) (18,387)
Less: Deemed dividend on purchase warrant for common shares   15
Net loss attributable to common stockholders $ (20,211) $ (18,402)
Net loss per common share attributable to common stockholders-basic (in dollars per share) $ (1.37) $ (1.63)
Net loss per common share attributable to common stockholders-diluted (in dollars per share) $ (1.37) $ (1.63)
Weighted average shares used to calculate basic net loss per common share attributable to common stockholders (in shares) 14,727 11,280
Weighted average shares used to calculate diluted net loss per common share attributable to common stockholders (in shares) 14,727 11,280
Product and accessories    
Revenue:    
Total revenue $ 37,181 $ 36,517
Cost of goods sold:    
Total cost of goods sold 40,483 42,025
Parts and service    
Revenue:    
Total revenue 32,464 31,119
Cost of goods sold:    
Total cost of goods sold $ 20,624 $ 18,756