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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net (loss) income $ (5,166) $ 6,169
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation 663 622
Amortization of intangible assets 104 113
Stock-based compensation 987 372
Amortization of debt issue costs 31 31
Deferred income tax (1,620) 2,075
Gain (loss) on sale of property and equipment 10 (15)
Provision for inventory reserves 175 313
Provision for bad debts 20 8
Other 117 0
Changes in operating assets and liabilities:    
Accounts receivable 233 (9,972)
Revenue earned but not billed 1,075 722
Inventories 2,808 (495)
Prepaid expenses and other assets 448 1,015
Accounts payable (3,954) (633)
Accrued expenses and other (2,486) (2,208)
Deferred revenue, current and long-term (40) (43)
Net cash used in operating activities (6,595) (3,956)
Investing activities    
Cash to fund acquisition 55 0
Cash paid for investment 0 (500)
Purchases of property and equipment (442) (312)
Additions to patents and licenses (10) (7)
Proceeds from sale of property, plant and equipment 0 17
Net cash used in investing activities (397) (802)
Financing activities    
Payment of long-term debt (8) (7)
Proceeds from revolving credit facility 5,000 0
Payments of revolving credit facility 0 0
Payments to settle employee tax withholdings on stock-based compensation (2) (6)
Deferred financing costs 0 (5)
Net proceeds from employee equity exercises 56 123
Net cash provided by financing activities 5,046 105
Net decrease in cash and cash equivalents (1,946) (4,653)
Cash and cash equivalents at beginning of period 14,466 19,393
Cash and cash equivalents at end of period $ 12,520 $ 14,740