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STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock, Shares
Common Stock, Additional Paid-in Capital
Treasury Stock
Retained Earnings (Deficit)
Shareholders' equity, beginning of period at Mar. 31, 2020 $ 31,035   $ 156,503 $ (36,163) $ (89,305)
Shareholders' equity, beginning of period (Shares) at Mar. 31, 2020   30,265,997      
Exercise of stock options for cash 229   229    
Exercise of stock options for cash (shares)   99,000      
Shares issued under Employee Stock Purchase Plan 7     7  
Shares issued under Employee Stock Purchase Plan (shares)   1,146      
Stock-based compensation 753   753    
Stock-based compensation (shares)   450,481      
Employee tax withholdings on stock-based compensation (84)     (84)  
Employee tax withholdings on stock-based compensation (shares)   (11,324)      
Net income (dollars in thousands) 26,134       26,134
Shareholders' equity, end of period at Mar. 31, 2021 58,074   157,485 (36,240) (63,171)
Shareholders' equity, at end of period (shares) at Mar. 31, 2021   30,805,300      
Exercise of stock options for cash 121   121    
Exercise of stock options for cash (shares)   31,845      
Shares issued under Employee Stock Purchase Plan 6     6  
Shares issued under Employee Stock Purchase Plan (shares)   1,617      
Stock-based compensation 813   813    
Stock-based compensation (shares)   260,014      
Employee tax withholdings on stock-based compensation (5)     (5)  
Employee tax withholdings on stock-based compensation (shares)   (904)      
Net income (dollars in thousands) 6,091       6,091
Shareholders' equity, end of period at Mar. 31, 2022 $ 65,100   158,419 (36,239) (57,080)
Shareholders' equity, at end of period (shares) at Mar. 31, 2022   31,097,872      
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2022 31,097,872        
Issuance of common stock for acquisition $ 800   800    
Issuance of common stock for acquisition, share   620,067      
Issuance of stock and shares for services 22   22    
Issuance of stock and shares for services (shares)   12,848      
Exercise of stock options for cash 54   54    
Exercise of stock options for cash (shares)   26,646      
Shares issued under Employee Stock Purchase Plan 4     4  
Shares issued under Employee Stock Purchase Plan (shares)   2,274      
Stock-based compensation 1,612   1,612    
Stock-based compensation (shares)   536,622      
Employee tax withholdings on stock-based compensation (2)     (2)  
Employee tax withholdings on stock-based compensation (shares)   (921)      
Net income (dollars in thousands) (34,341) [1]       (34,341)
Shareholders' equity, end of period at Mar. 31, 2023 $ 33,249   $ 160,907 $ (36,237) $ (91,421)
Shareholders' equity, at end of period (shares) at Mar. 31, 2023   32,295,408      
[1] Includes $17.8 million of tax expense related to the booking of the valuation allowance on deferred tax assets during the three months ended December 31, 2022.