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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Assets    
Cash and cash equivalents $ 3,564 $ 5,972
Accounts receivable, net 13,527 12,845
Revenue earned but not billed 3,477 3,350
Inventories, net 10,301 11,392
Prepaid expenses and other current assets 1,798 1,939
Total current assets 32,667 35,498
Property and equipment, net 7,833 8,026
Goodwill 1,484 1,484
Other intangible assets, net 3,139 3,379
Other long-term assets 3,894 4,076
Total assets 49,017 52,463
Liabilities and Shareholders’ Equity    
Accounts payable 12,587 13,272
Accrued expenses and other 13,172 12,728
Deferred revenue, current 441 491
Current maturities of long-term debt 353 353
Total current liabilities 26,553 26,844
Revolving credit facility 5,250 7,000
Long-term debt, less current maturities 2,883 2,971
Deferred revenue, long-term 319 337
Other long-term liabilities 3,206 3,427
Total liabilities 38,211 40,579
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at June 30, 2025 and March 31, 2025; no shares issued and outstanding at June 30, 2025 and March 31, 2025 0 0
Common stock, no par value: Shares authorized: 200,000,000 at June 30, 2025 and March 31, 2025; shares issued: 43,039,975 at June 30, 2025 and 42,470,231 at March 31, 2025; shares outstanding: 33,553,632 at June 30, 2025 and 32,983,888 at March 31, 2025 0 0
Additional paid-in capital 163,191 163,025
Treasury stock, common shares: 9,486,093 at June 30, 2025 and 9,486,343 at March 31, 2025 (36,248) (36,248)
Retained deficit (116,137) (114,893)
Total shareholders’ equity 10,806 11,884
Total liabilities and shareholders’ equity $ 49,017 $ 52,463