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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Mar. 31, 2020
Assets    
Cash and cash equivalents $ 12,124 $ 28,751
Accounts receivable, net 17,019 10,427
Revenue earned but not billed 3,234 560
Inventories, net 18,119 14,507
Prepaid expenses and other current assets 659 723
Total current assets 51,155 54,968
Property and equipment, net 11,472 11,817
Other intangible assets, net 2,094 2,216
Long-term accounts receivable 78 760
Other long-term assets 2,885 2,802
Total assets 67,684 72,563
Liabilities and Shareholders’ Equity    
Accounts payable 13,379 19,834
Accrued expenses and other 10,194 7,228
Deferred revenue, current 216 107
Current maturities of long-term debt 14 35
Total current liabilities 23,803 27,204
Revolving credit facility 7,928 10,013
Long-term debt, less current maturities 43 50
Deferred revenue, long-term 677 715
Other long-term liabilities 3,993 3,546
Total liabilities 36,444 41,528
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at September 30, 2020 and March 31, 2020; no shares issued and outstanding at September 30, 2020 and March 31, 2020 0 0
Common stock, no par value: Shares authorized: 200,000,000 at September 30, 2020 and March 31, 2020; shares issued: 40,177,700 at September 30, 2020 and 39,729,569 at March 31, 2020; shares outstanding: 30,709,810 at September 30, 2020 and 30,265,997 at March 31, 2020 0 0
Additional paid-in capital 157,031 156,503
Treasury stock, common shares: 9,467,890 at September 30, 2020 and 9,463,572 at March 31, 2020 (36,181) (36,163)
Retained deficit (89,610) (89,305)
Total shareholders’ equity 31,240 31,035
Total liabilities and shareholders’ equity $ 67,684 $ 72,563