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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:      
Net (loss) income $ (6,271) $ (7,464) $ 5,140
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 7,039 7,056 3,546
Impairment loss 1,200 0 0
Share based compensation, net (6,586) 6,869 6,617
Deferred income taxes 5,249 292 (1,630)
Bad debt expense 365 324 214
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable 601 (1,742) (41)
Inventories 12,351 (6,417) 13,432
Prepaid income taxes (111) 675 (182)
Prepaid expenses and other current assets 995 (185) 147
Operating lease right-of-use assets, net 466 788 0
Accounts payable (13,460) 6,102 (2,292)
Sales tax payable (145) (1,101) 1,956
Accrued expenses and other current liabilities 3,921 276 896
Operating lease liabilities (458) (766) 0
Deferred revenue (518) (390) 0
Income taxes payable 80 0 0
Net cash provided by operating activities 4,718 4,317 27,803
Cash flows from investing activities:      
Purchase of minority interest investment in Vetster 0 (300) (5,000)
Acquisition of PetCareRx, net of cash acquired 0 (35,859) 0
Purchases of property and equipment (5,113) (4,511) (5,260)
Net cash used in investing activities (5,113) (40,670) (10,260)
Cash flows from financing activities:      
Dividends paid (181) (12,437) (24,537)
Net cash used in financing activities (181) (12,437) (24,537)
Net decrease in cash and cash equivalents (576) (48,790) (6,994)
Cash and cash equivalents, at beginning of fiscal year 55,296 104,086 111,080
Cash and cash equivalents, at end of fiscal year 54,720 55,296 104,086
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 525 130 4,312
Dividends payable in accrued expenses 26 1,466 1,262
Non-cash investing activity for property and equipment additions $ 2,170 $ 0 $ 0