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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net (loss) income $ (305) $ 10,689
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation 587 610
Amortization of intangible assets 152 188
Stock-based compensation 459 330
Amortization of debt issue costs 122 121
Impairment of intangible assets   3
Loss on sale of property and equipment 6  
Provision for inventory reserves 112 119
Other 4 23
Changes in operating assets and liabilities:    
Accounts receivable, current and long-term (5,909) (12,192)
Revenue earned but not billed (2,674) (454)
Inventories (3,723) (4,354)
Prepaid expenses and other assets 206 10
Accounts payable (6,305) 12,654
Accrued expenses and other 3,058 749
Deferred revenue, current and long-term 72 (47)
Net cash (used in) provided by operating activities (14,138) 8,449
Investing activities    
Purchases of property and equipment (397) (461)
Additions to patents and licenses (30) (73)
Net cash used in investing activities (427) (534)
Financing activities    
Payment of long-term debt (28) (44)
Proceeds from revolving credit facility 8,000 62,200
Payments of revolving credit facility (10,085) (67,646)
Payments to settle employee tax withholdings on stock-based compensation (20) (72)
Net proceeds from employee equity exercises 71 16
Net cash used in financing activities (2,062) (5,546)
Net (decrease) increase in cash and cash equivalents (16,627) 2,369
Cash and cash equivalents at beginning of period 28,751 8,729
Cash and cash equivalents at end of period 12,124 $ 11,098
Supplemental disclosure of non-cash investing and financing activities:    
Operating lease assets obtained in exchange for new operating lease liabilities $ 355