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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ (6,513) $ 265
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Allowance for doubtful accounts and other (32) 40
Provision for excess and obsolete inventories 260 874
Non-cash lease expense 462  
Depreciation and amortization 1,079 1,073
Stock-based compensation 1,922 1,686
Amortization of premium on investments (14) (25)
Changes in assets and liabilities:    
Accounts receivable 1,973 (2,921)
Inventory 904 (1,276)
Prepaid expenses and other assets (1,064) (219)
Accounts payable (728) 532
Accrued expenses and other liabilities 531 768
Net cash provided by (used in) operating activities (1,220) 797
Cash flows from investing activities:    
Purchase of investments (15,866) (16,057)
Maturities of short-term investments 18,626 15,423
Decrease in MikaMonu escrow deposit 1,000 750
Purchases of property and equipment (265) (1,948)
Net cash provided by (used in) investing activities 3,495 (1,832)
Cash flows from financing activities:    
Payment of contingent consideration   (720)
Payment of MikaMonu escrow deposit (428) (364)
Repurchase of common stock   (102)
Proceeds from issuance of common stock under employee stock plans 3,629 2,509
Net cash provided by financing activities 3,201 1,323
Net increase in cash and cash equivalents 5,476 288
Cash and cash equivalents at beginning of the period 42,495 40,241
Cash and cash equivalents at end of the period 47,971 40,529
Non-cash financing activities:    
Purchases of property and equipment through accounts payable and accruals 24 34
Supplemental cash flow information:    
Net cash paid for income taxes $ 310 $ 11