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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net loss $ (6,637) $ (2,835)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation 346 354
Amortization of intangible assets 266 52
Stock-based compensation 188 254
Amortization of debt issue costs 24 15
Deferred income tax 0 (978)
Loss (gain) on sale of property and equipment 28 (1)
Provision for inventory reserves 161 100
Provision for credit losses 190 0
Other 1 (9)
Changes in operating assets and liabilities:    
Accounts receivable (1,075) 109
Revenue earned but not billed 89 527
Inventories 355 979
Prepaid expenses and other assets (257) 160
Accounts payable (1,906) (2,491)
Accrued expenses and other 666 (1,273)
Deferred revenue, current and long-term 234 32
Net cash used in operating activities (7,327) (5,005)
Investing activities    
Cash to fund acquisition, net of cash received 0 55
Purchases of property and equipment (508) (139)
Additions to patents and licenses 0 (1)
Proceeds from sale of property, plant and equipment 95 0
Net cash used in investing activities (413) (85)
Financing activities    
Payment of long-term debt (4) (4)
Proceeds from revolving credit facility 0 0
Payments of revolving credit facility 0 0
Payments to settle employee tax withholdings on stock-based compensation 0 (2)
Proceeds from employee equity exercises 1 54
Net cash (used in) provided by financing activities (3) 48
Net decrease in cash and cash equivalents (7,743) (5,042)
Cash and cash equivalents at beginning of period 15,992 14,466
Cash and cash equivalents at end of period 8,249 9,424
Supplemental disclosure of non-cash investing and financing activities:    
Operating lease assets obtained in exchange for new operating lease liabilities $ 363 $ 0