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, 2021
Mar. 31, 2021
Current Assets:    
Cash and cash equivalents $ 38,267 $ 49,533
Accounts receivable, net of allowances of $348 at September 30, 2021 and $314 at March 31, 2021 25,360 20,593
Inventories, net 18,023 11,829
Prepaid expenses and other current assets 4,310 4,953
Total current assets 85,960 86,908
Property, plant, equipment and rental assets, net 11,687 9,630
Non-current portion of inventories 1,752 1,845
Other assets 8,958 7,639
Total assets 108,357 106,022
Current Liabilities:    
Accounts payable and accrued expenses 24,754 19,767
Accrued salaries and wages 1,351 1,889
Accrued warranty reserve 1,864 5,850
Deferred revenue 4,965 6,374
Current portion of notes payable and lease obligations 860 576
Total current liabilities 33,794 34,456
Deferred revenue - non-current 700 765
Term note payable, net 50,932 52,865
Long-term portion of notes payable and lease obligations 6,155 4,762
Total liabilities 91,581 92,848
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Common stock, $.001 par value; 51,500,000 shares authorized, 15,325,464 shares issued and 15,228,151 shares outstanding at September 30, 2021; 12,898,144 shares issued and 12,824,190 shares outstanding at March 31, 2021 15 13
Additional paid-in capital 946,278 934,381
Accumulated deficit (927,447) (919,271)
Treasury stock, at cost; 97,313 shares at September 30, 2021 and 73,954 shares at March 31, 2021 (2,070) (1,949)
Total stockholders' equity 16,776 13,174
Total liabilities and stockholders' equity $ 108,357 $ 106,022