Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Mar. 31, 2018
Current Assets:    
Cash and cash equivalents $ 12,303 $ 14,408
Restricted cash 6,000 5,000
Accounts receivable, net of allowances of $5,828 at September 30, 2018 and $5,744 at March 31, 2018 16,531 15,968
Inventories, net 15,477 15,633
Prepaid expenses and other current assets 4,967 2,803
Total current assets 55,278 53,812
Property, plant and equipment, net 2,831 2,859
Non-current portion of inventories 1,109 1,041
Intangible assets, net 299 411
Other assets 3,125 250
Total assets 62,642 58,373
Current Liabilities:    
Accounts payable and accrued expenses 14,055 13,503
Accrued salaries and wages 1,562 1,588
Accrued warranty reserve 2,242 1,682
Deferred revenue 5,497 6,596
Revolving credit facility 12,496 8,527
Current portion of notes payable and capital lease obligations 39 192
Total current liabilities 35,891 32,088
Deferred revenue - non-current 1,284  
Long-term portion of notes payable and capital lease obligations 111 130
Other long-term liabilities 390 396
Total liabilities 37,676 32,614
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued
Common stock, $.001 par value; 515,000,000 shares authorized, 67,817,994 shares issued and 67,607,817 shares outstanding at September 30, 2018; 57,062,598 shares issued and 56,916,646 shares outstanding at March 31, 2018 68 57
Additional paid-in capital 898,108 889,585
Accumulated deficit (871,479) (862,225)
Treasury stock, at cost; 210,177 shares at September 30, 2018 and 145,952 shares at March 31, 2018 (1,731) (1,658)
Total stockholders' equity 24,966 25,759
Total liabilities and stockholders' equity $ 62,642 $ 58,373