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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Assets    
Cash and cash equivalents $ 9,424 $ 14,466
Accounts receivable, net 11,735 11,899
Revenue earned but not billed 1,894 2,421
Inventories, net 18,753 19,832
Prepaid expenses and other current assets 2,624 2,631
Total current assets 44,430 51,249
Property and equipment, net 11,061 11,466
Goodwill 622 350
Other intangible assets, net 2,330 2,404
Deferred tax assets 18,783 17,805
Other long-term assets 3,375 3,543
Total assets 80,601 86,817
Liabilities and Shareholders’ Equity    
Accounts payable 7,411 9,855
Accrued expenses and other 7,362 8,427
Deferred revenue, current 127 76
Current maturities of long-term debt 16 16
Total current liabilities 14,916 18,374
Long-term debt, less current maturities 15 19
Deferred revenue, long-term 545 564
Other long-term liabilities 2,553 2,760
Total liabilities 18,029 21,717
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at June 30, 2022 and March 31, 2022; no shares issued and outstanding at June 30, 2022 and March 31, 2022 0 0
Common stock, no par value: Shares authorized: 200,000,000 at June 30, 2022 and March 31, 2022; shares issued: 40,723,299 at June 30, 2022 and 40,570,909 at March 31, 2022; shares outstanding: 31,250,071 at June 30, 2022 and 31,097,872 at March 31, 2022 0 0
Additional paid-in capital 158,727 158,419
Treasury stock, common shares: 9,476,228 at June 30, 2022 and 9,473,037 at March 31, 2022 (36,240) (36,239)
Retained deficit (59,915) (57,080)
Total shareholders’ equity 62,572 65,100
Total liabilities and shareholders’ equity $ 80,601 $ 86,817