Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Current Assets:    
Cash and cash equivalents $ 16,618 $ 22,559
Accounts receivable, net of allowances of $1,013 at December 31, 2022 and $845 at March 31, 2022 15,119 24,665
Inventories, net 25,602 18,465
Prepaid expenses and other current assets 7,125 5,519
Total current assets 64,464 71,208
Property, plant, equipment and rental assets, net 25,906 18,038
Non-current portion of accounts receivable 107 1,212
Non-current portion of inventories 3,055 1,680
Other assets 11,334 8,635
Total assets 104,866 100,773
Current Liabilities:    
Accounts payable and accrued expenses 26,087 25,130
Accrued salaries and wages 1,421 1,147
Accrued warranty reserve 1,540 1,483
Deferred revenue 9,699 9,185
Current portion of notes payable and lease obligations 2,201 675
Term note payable 50,974  
Total current liabilities 91,922 37,620
Deferred revenue - non-current 817 981
Term note payable - non-current   50,949
Long-term portion of notes payable and lease obligations 11,036 5,809
Total liabilities 103,775 95,359
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Preferred stock, $.001 par value; 1,000,000 shares authorized; none issued
Common stock, $.001 par value; 51,500,000 shares authorized, 18,464,854 shares issued and 18,347,840 shares outstanding at December 31, 2022; 15,398,368 shares issued and 15,296,735 shares outstanding at March 31, 2022 18 15
Additional paid-in capital 954,982 946,969
Accumulated deficit (951,770) (939,482)
Treasury stock, at cost; 117,014 shares at December 31, 2022 and 101,633 shares at March 31, 2022 (2,139) (2,088)
Total stockholders' equity 1,091 5,414
Total liabilities and stockholders' equity $ 104,866 $ 100,773