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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Operating activities      
Net loss $ (11,801) $ (11,671) $ (34,341)
Adjustments to reconcile net loss to net cash used in      
Depreciation 1,344 1,410 1,369
Amortization of intangible assets 1,069 1,085 653
Stock-based compensation 1,157 950 1,612
Impairment on intangibles 0 456 0
Amortization of debt issue costs 206 95 73
Deferred income tax benefit 7 (5) 17,881
Impairment of property and equipment 20 69 0
Loss on sale of property and equipment 91 84 27
Provision for inventory reserves 552 562 628
Provision for credit losses/bad debts 378 170 65
Other 197 12 96
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 800 (464) (586)
Revenue earned but not billed 1,189 (3,219) 1,426
Inventories 6,106 (603) 1,879
Prepaid expenses and other assets 2,324 (1,384) 2,017
Accounts payable (5,078) 4,990 2,372
Accrued expenses and other liabilities 1,883 (2,334) 2,209
Deferred revenue, current and long-term 155 (295) 329
Net cash (used in) provided by operating activities 599 (10,092) (2,291)
Investing activities      
Cash to fund acquisitions, net of cash received 0 0 (5,600)
Purchase of property and equipment (99) (837) (586)
Additions to patents and licenses (6) 0 (9)
Proceeds from sales of property, plant and equipment 233 106 0
Net cash provided by (used in) investing activities 128 (731) (6,195)
Financing activities      
Payment of long-term debt (206) (15) (15)
Proceeds from revolving credit facility 500 0 10,000
Payments of revolving credit facility (3,500) 0 0
Proceeds from long-term debt 3,525 0 0
Payments to settle employee tax withholdings on stock-based compensation 0 (2) (2)
Debt issue costs (216) 0 (29)
Proceeds from employee equity exercises (13) 3 58
Net cash provided by (used in) financing activities 90 (14) 10,012
Net (decrease) increase in cash and cash equivalents 817 (10,837) 1,526
Cash and cash equivalents at beginning of period 5,155 15,992 14,466
Cash and cash equivalents at end of period 5,972 5,155 15,992
Supplemental cash flow information:      
Cash paid for interest (962) (691) (346)
Cash paid for income taxes (26) (59) (87)
Supplemental disclosure of non-cash investing and financing activities:      
Issuance of common stock in connection with acquisition $ 0 $ 0 $ 800