XML 14 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (5,313) $ (20,801)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 2,007 84
Amortization of debt issuance costs 0 164
Loss on dissenting shareholders' liability 1,103 0
Gain on sale of assets (29) 89
Share-based compensation 473 44
Impairment of operating lease right-of-use assets 56 0
Deferred income taxes 63 0
Provision for credit losses 2 0
Amortization of operating lease right-of-use assets 109 59
Gain on lease settlement (14) 0
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable 5 0
Materials and supplies (431) 0
Prepaid expenses and other assets 124 54
Accounts payable, accrued expenses, and other liabilities 441 (509)
Operating lease liabilities (143) (46)
Income taxes receivable 0 44
Other assets (375) 0
Cash provided by (used in) operating activities from discontinued operations 22 22,645
Net cash (used in) provided by operating activities (1,900) 1,827
Cash flows from investing activities:    
Cash paid for acquisition of Amplex (18,143) (300)
Payments for property, plant, and equipment (8,416) 0
Proceeds from the disposal of property, plant, and equipment 95 13
Net cash provided by investing activities from discontinued operations 39,012 46,114
Net cash provided by investing activities 12,548 45,801
Cash flows from financing activities:    
Proceeds from RUS Loan 615 0
Proceeds from Bank Equipment Financing Loans 248 0
Payment on Bank Loans (35) 0
Repurchase of dissenting shares (5,629) 0
Cash used in financing activities from discontinued operations 0 (29,100)
Net cash used in financing activities (4,801) (29,100)
Net increase in cash and cash equivalents 5,847 18,528
Cash, cash equivalents and restricted cash at beginning of period 18,982 454
Cash, cash equivalents and restricted cash at end of period 24,829 18,982
Total cash, cash equivalents and restricted cash at end of period 24,829 18,982
Reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets to the total amounts reported on the condensed consolidated statements of cash flows:    
Cash and cash equivalents at beginning of period 18,982 454
Restricted cash included in Prepaid expenses and other assets at beginning of period 0 0
Total cash, cash equivalents and restricted cash at beginning of period 24,829 18,982
Cash and cash equivalents at end of period 24,516 18,982
Restricted cash included in Prepaid expenses and other assets at end of period 313 0
Total cash, cash equivalents and restricted cash at end of period 24,829 18,982
Supplemental disclosure of cash flow information:    
Interest paid 47 997
Supplemental schedule of noncash investing and financing activities:    
Purchase of property, plant, and equipment included in accounts payable 403 0
Conversion of term loan advances into additional equity of controlled entity (Amplex) 754 0
Additional investments in controlled entity (Amplex) $ 7,500 $ 0