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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (11,025) $ (5,166)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation 707 663
Amortization of intangible assets 540 104
Stock-based compensation 414 987
Amortization of debt issue costs 49 31
Deferred income tax 0 (1,620)
Loss on sale of property and equipment 45 10
Provision for inventory reserves 283 175
Provision for credit losses 190 20
Other (1) 117
Changes in operating assets and liabilities:    
Accounts receivable (2,579) 233
Revenue earned but not billed (507) 1,075
Inventories (2,238) 2,808
Prepaid expenses and other assets (2,058) 448
Accounts payable 2,154 (3,954)
Accrued expenses and other 1,365 (2,486)
Deferred revenue, current and long-term 1,346 (40)
Net cash used in operating activities (11,315) (6,595)
Investing activities    
Cash to fund acquisition, net of cash received 0 55
Purchases of property and equipment (747) (442)
Additions to patents and licenses 0 (10)
Proceeds from sale of property, plant and equipment 100 0
Net cash used in investing activities (647) (397)
Financing activities    
Payment of long-term debt (7) (8)
Proceeds from revolving credit facility 0 5,000
Payments of revolving credit facility 0 0
Payments to settle employee tax withholdings on stock-based compensation 0 (2)
Proceeds from employee equity exercises 2 56
Net cash (used in) provided by financing activities (5) 5,046
Net decrease in cash and cash equivalents (11,967) (1,946)
Cash and cash equivalents at beginning of period 15,992 14,466
Cash and cash equivalents at end of period 4,025 12,520
Supplemental disclosure of non-cash investing and financing activities:    
Operating lease assets obtained in exchange for new operating lease liabilities $ 363 $ 0