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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 49,440 $ 104,086
Accounts receivable, less allowance for doubtful accounts of $39 and $35, respectively 1,930 1,740
Inventories - finished goods, net 34,577 19,023
Prepaid expenses and other current assets 8,804 4,719
Prepaid income taxes 798 863
Total current assets 95,549 130,431
Noncurrent assets:    
Property and equipment, net 26,811 26,178
Intangible and other assets, net 16,992 5,860
Goodwill 26,657 0
Operating lease right-of-use assets, net 1,626 0
Deferred tax assets, net 5,715 5,009
Total noncurrent assets 77,801 37,047
Total assets 173,350 167,478
Current liabilities:    
Accounts payable 38,851 25,208
Sales tax payable 24,172 26,113
Accrued expenses and other current liabilities 5,557 6,191
Current lease liabilities 752 0
Deferred revenue 3,068 0
Total current liabilities 72,400 57,512
Long-term lease liabilities 890 0
Total liabilities 73,290 57,512
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; 21,160,739 and 21,084,302 shares issued and outstanding, respectively 21 21
Additional paid-in capital 23,473 18,277
Retained earnings 76,557 91,659
Total shareholders' equity 100,060 109,966
Total liabilities and shareholders' equity $ 173,350 $ 167,478