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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 53,471 $ 104,086
Accounts receivable, less allowance for doubtful accounts of $44 and $35, respectively 2,174 1,740
Inventories - finished goods 18,902 19,023
Prepaid expenses and other current assets 9,656 4,719
Prepaid income taxes 1,457 1,883
Total current assets 85,660 131,451
Noncurrent assets:    
Property and equipment, net 26,968 26,178
Intangible and other assets, net 17,181 5,860
Goodwill 22,451 0
Operating lease right-of-use assets, net 1,826 0
Deferred tax assets, net 5,185 628
Total noncurrent assets 73,611 32,666
Total assets 159,271 164,117
Current liabilities:    
Accounts payable 25,379 25,208
Accrued expenses and other current liabilities 10,986 11,289
Current lease liabilities 757 0
Deferred revenue 3,573 0
Total current liabilities 40,695 36,497
Long-term lease liabilities 1,080 0
Other long-term liabilities 3,825 3,825
Total liabilities 45,600 40,322
Commitments and contingencies (Note 9)
Shareholders' equity:    
Preferred stock, $.001 par value, 5,000,000 shares authorized; 2,500 convertible shares issued and outstanding with a liquidation preference of $4 per share 9 9
Common stock, $.001 par value, 40,000,000 shares authorized; 21,147,006 and 21,084,302 shares issued and outstanding, respectively 21 21
Additional paid-in capital 21,765 18,277
Retained earnings 91,876 105,488
Total shareholders' equity 113,671 123,795
Total liabilities and shareholders' equity $ 159,271 $ 164,117