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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 5,373 $ (2,448)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 4,965 5,161
Share based compensation (7,179) 5,196
Deferred income taxes (231) (436)
Bad debt expense 324 53
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:    
Accounts receivable 700 (119)
Inventories, net 16,761 (12,438)
Prepaid income taxes (152) 65
Prepaid expenses and other current assets 2,437 (2,664)
Operating lease right-of-use assets, net 355 594
Accounts payable (26,078) 7,929
Sales tax payable (529) (1,942)
Accrued expenses and other current liabilities 2,756 (1,258)
Lease liabilities (349) (577)
Deferred revenue (1,447) 75
Net cash used in operating activities (2,294) (2,808)
Cash flows from investing activities:    
Purchase of minority interest investment in Vetster 0 (300)
Acquisition of PetCareRx, net of cash acquired 0 (35,859)
Purchases of property and equipment (2,725) (3,260)
Net cash used in investing activities (2,725) (39,419)
Cash flows from financing activities:    
Dividends paid (176) (12,419)
Net cash used in financing activities (176) (12,419)
Net decrease in cash and cash equivalents (5,195) (54,646)
Cash and cash equivalents, at beginning of period 55,296 104,086
Cash and cash equivalents, at end of period 50,101 49,440
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 474 43
Dividends payable in accrued expenses and other current liabilities 32 1,498
Non-cash investing activity for PPE additions $ 2,539 $ 0