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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 45,992 $ 55,296
Accounts receivable, less allowance for doubtful accounts of $109 and $273, respectively 2,261 3,283
Inventories 25,520 28,556
Prepaid expenses and other current assets 3,851 6,325
Prepaid income taxes 0 188
Total current assets 77,624 93,648
Noncurrent assets:    
Property and equipment, net 26,109 26,657
Intangible and other assets, net 16,014 16,503
Goodwill 26,658 26,658
Operating lease right-of-use assets, net 1,297 1,432
Deferred tax assets, net 5,012 4,986
Total noncurrent assets 75,090 76,236
Total assets 152,714 169,884
Current liabilities:    
Accounts payable 24,467 37,024
Sales tax payable 25,331 25,012
Accrued expenses and other current liabilities 5,201 7,060
Current operating lease liabilities 438 459
Deferred revenue 2,146 2,603
Income taxes payable 717 0
Total current liabilities 58,300 72,158
Long-term operating lease liabilities 883 995
Total liabilities 59,183 73,153
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; 20,600,652 and 21,148,692 shares issued and outstanding, respectively 21 21
Additional paid-in capital 16,942 25,146
Retained earnings 76,559 71,555
Total shareholders' equity 93,531 96,731
Total liabilities and shareholders' equity $ 152,714 $ 169,884