Restatements (Tables)

9 Months Ended

12 Months Ended

Dec. 31, 2019

Mar. 31, 2019

Restatement [Abstract]

Schedule of restated consolidated balance sheets and consolidated statements of operations and cashflows

CONSOLIDATED BALANCE SHEET

	December 31,			Restatement			December 31,
	2018			Adjustments			2018
	(As Reported)						(Restated)
ASSETS
CURRENT ASSETS
Cash ($35 pledged as collateral for credit)	$	846					$	846
Accounts receivable, net of allowance of $87		1,245						1,245
Prepaid expenses and other current assets		207						207
Current assets held for sale		617						617
Total current assets		2,915						2,915
NON-CURRENT ASSETS
Property and equipment, net		2,132						2,132
Intangible assets, net		1,130						1,130
Non-current assets held for sale		820						820
Other assets		27						27
Total non-current assets		4,109						4,109
TOTAL ASSETS	$	7,024					$	7,024
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,427					$	1,427
Accrued liabilities		919						919
Notes payable		1,000						1,000
Warrant derivative liabilities		-		$	3,641			3,641
Current liabilities held for sale		10						10
Total current liabilities		3,356			3,641			6,997
COMMITMENTS AND CONTINGENCIES
Total liabilities		3,356			3,641			6,997
STOCKHOLDERS' EQUITY (Numbers of shares rounded to thousands)
Preferred stock, $0.001 par value; 5,000 shares authorized; none issued
Common stock, $0.001 par value; 100,000 shares authorized, 52,571 shares issued and 51,986 shares outstanding		53						53
Additional paid-in-capital		129,550			(16,409	)		113,141
Accumulated deficit		(124,264	)		12,768			(111,496	)
Treasury stock, at cost		(1,671	)					(1,671	)
Total stockholders' equity		3,668			(3,641	)		27
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	7,024		$	-		$	7,024

CONSOLIDATED STATEMENT OF OPERATIONS

	Three Months Ended								Nine Months Ended
	December 31, 2018								December 31, 2018
	(As Reported)			Restatement Adjustments		(Restated)			(As Reported)			Restatement Adjustments		(Restated)
CONTINUING OPERATIONS:
REVENUES	$	15				$	15		$	1,054				$	1,054
COST OF REVENUES		17					17			653					653
GROSS PROFIT (LOSS)		(2	)				(2	)		401					401
OPERATING EXPENSES:
Selling, general and administrative		1,943					1,943			6,527					6,527
Depreciation, amortization, and impairment		306					306			924					924
Research and development		900					900			2,541					2,541
Total operating expenses		3,149					3,149			9,992					9,992
Loss from continuing operations before other expenses		(3,151	)				(3,151	)		(9,591	)				(9,591	)
OTHER INCOME (EXPENSE):
Change in fair value of derivative liability				$	1,587	$	1,587					$	2,623		2,623
(Interest expense), net of interest income		(362	)				(362	)		(369	)				(369	)
Total other expenses		(362	)		1,587		1,225			(369	)		2,623		2,254
LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES		(3,513	)		1,587		(1,926	)		(9,960	)		2,623		(7,337	)
DISCONTINUED OPERATIONS:
Loss from discontinued operations		(757	)				(757	)		(1,923	)				(1,923	)
Gain on disposal of discontinued operations		-					-			-					-
Total discontinued operations		(757	)				(757	)		(1,923	)				(1,923	)
PROVISION FOR INCOME TAXES		-					-			-					-
NET LOSS	$	(4,270	)		1,587	$	(2,683	)	$	(11,883	)		2,623	$	(9,260	)
NET LOSS PER SHARE
Basic and diluted: Continuing operations	$	(0.07	)			$	(0.04	)	$	(0.20	)			$	(0.14	)
Discontinued operations		(0.01	)				(0.01	)		(0.04	)				(0.04	)
Total	$	(0.08	)			$	(0.05	)	$	(0.24	)			$	(0.18	)
SHARES USED IN CALCULATION OF NET LOSS PER SHARE
Basic and diluted		51,974					51,974			50,489					50,489

CONSOLIDATED STATEMENT OF CASH FLOWS

	Nine Months Ended
	December 31, 2018
	As Reported			Restatement Adjustments			Restated
Cash flows from operating activities:
Net loss	$	(11,883	)	$	2,623		$	(9,260	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, amortization and impairment		924						924
Shares of common stock issued for services rendered		305						305
Share-based compensation – stock – employees		2,604						2,604
Loss from discontinued operations		1,923						1,923
Change in fair value of derivative liabilities		-			(2,623	)		(2,623	)
Changes in assets and liabilities:
Accounts receivable		1,372						1,372
Inventory		4						4
Prepaid expenses		13						13
Other current assets		45						45
Accounts payable		(943	)					(943	)
Accrued liabilities		(174	)					(174	)
Net cash used in operating activities of continuing operations		(5,810	)					(5,810	)
Net cash used in discontinued operations		(1,472	)					(1,472	)
Net cash used in operating activities		(7,282	)					(7,282	)
Cash flows from investing activities:
Purchases of property and equipment		(21	)					(21	)
Net cash used in investing activities of continuing operations		(21	)					(21	)
Net cash used in investing activities of discontinued operations		(249	)					(249	)
Net cash used in investing activities		(270	)					(270	)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of fees		4,221						4,221
Proceeds from credit facility		1,000						1,000
Repayment of debt		(500	)					(500	)
Purchase of treasury shares from employees for tax withholdings		(53	)					(53	)
Net cash provided by financing activities		4,668						4,668
NET DECREASE IN CASH		(2,884	)					(2,884	)
Cash - beginning of period		3,730						3,730
Cash - end of period	$	846					$	846
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	$	366					$	366
Cash paid for income taxes	$	-					$	-

				(Dollars in thousands,
				except per share data)
	March 31,			Restatement			March 31,
	2018			Adjustment			2018
	As Reported						As Restated
ASSETS
CURRENT ASSETS
Cash ($265 pledged as collateral for credit)	$	3,730		$	-		$	3,730
Accounts receivable, net of allowance of $87		2,617			-			2,617
Prepaid expenses and other current assets		242			-			242
Current assets held for sale		645			-			645
Total current assets		7,234			-			7,234
NON-CURRENT ASSETS
Property and equipment, net		2,619			-			2,619
Intangible assets, net		1,545			-			1,545
Non-current assets held for sale		1,023			-			1,023
Other assets		26			-			26
Total non-current assets		5,213			-			5,213
TOTAL ASSETS	$	12,447			-		$	12,447
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable	$	2,350		$	-		$	2,350
Accrued liabilities		1,080			-			1,080
Derivative liabilities		-			3,694			3,694
Current portion of long-term debt		500			-			500
Current liabilities held for sale		43			-			43
Total current liabilities		3,973			3,694			7,667
NON-CURRENT LIABILITIES
Long-term debt, net of current portion		-			-			-
Long-term debt, net of current portion - related party		-			-
COMMITMENTS AND CONTINGENCIES
Total liabilities		3,973			3,694			7,667
STOCKHOLDERS' EQUITY (DEFICIT) (Numbers of shares rounded to thousands)
Preferred stock, $0.001 par value; 5,000 shares authorized; none issued		-			-			-
Common stock, $0.001 par value; 100,000 shares authorized, 49,468 shares issued and 48,923 shares outstanding as of March 31, 2018		49			-			49
Additional paid-in-capital		122,424			(13,839	)		108,585
Accumulated deficit		(112,381	)		10,145			(102,236	)
Treasury stock, at cost		(1,618	)		-			(1,618	)
Total stockholders' equity (deficit)		8,474			(3,694	)		4,780
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	12,447			-		$	12,447

	Year Ended						Year Ended
	March 31,			Restatement			March 31,
	2018			Adjustment			2018
	As Reported						As Restated
CONTINUING OPERATIONS:
REVENUES	$	558		$	-		$	558
COST OF REVENUES		243			-			243
GROSS PROFIT (LOSS)		315			-			315
OPERATING EXPENSES:
Salaries and salary related costs, including share-based compensation		25,962			-			25,962
Professional fees and consulting, including share-based compensation		4,812						4,812
Selling, general and administrative		1,677			-			1,677
Depreciation, amortization, and impairment		818			-			818
Research and development		5,576			-			5,576
Total operating expenses		38,845			-			38,845
Loss from continuing operations before other expenses		(38,530	)		-			(38,530	)
OTHER EXPENSE:
Change in fair value of derivative liabilities		-			9,316			9,316
Interest expense, net of interest income		(55	)		-			(55	)
Total other expenses		(55	)		9,316			9,261
LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES		(38,585	)		9,316			(29,269	)
DISCONTINUED OPERATIONS:
Income (loss) from discontinued operations		(4,181	)		-			(4,181	)
Gain on disposal of discontinued operations		636			-			636
Total discontinued operations		(3,545	)		-			(3,545	)
PROVISION FOR INCOME TAXES		22			-			22
NET LOSS		(42,152	)		9,316			(32,836	)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST		-						-
NET LOSS ATTRIBUTABLE TO CONTROLLING INTEREST	$	(42,152	)	$	9,316		$	(32,836	)
NET LOSS PER SHARE
Basic and diluted: Continuing operations	$	(0.85	)	$	(0.21	)	$	(0.64	)
Discontinued operations	$	(0.08	)		-		$	(0.08	)
Total	$	(0.93	)	$	0.21		$	(0.72	)
SHARES USED IN CALCULATION OF NET LOSS PER SHARE
Basic and diluted		45,500						45,500

	Year Ended March 31,			Restatement			Year Ended March 31,
	2018			Adjustment			2018
	As Reported						As Restated
Cash flows from operating activities:
Net loss attributable to controlling interest	$	(42,152	)	$	9,316		$	(32,836	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, amortization and impairment		3,041			-			3,041
Shares of common stock issued for services rendered		2,860			-			2,860
Share-based compensation – stock - employees		20,592			-			20,592
Share-based compensation due to employment agreements		1,500			-			1,500
Change in value of derivative liabilities					(9,316	)		(9,316	)
(Income) loss from discontinued operations		4,181						4,181
Gain on sale of discontinued operations		(636	)		-			(636	)
Loss on retirement of assets		61			-			61
Changes in assets and liabilities:
Accounts receivable		(1,060	)		-			(1,060	)
Inventory		(983	)		-			(983	)
Prepaid expenses		90			-			90
Other current assets		(56	)		-			(56	)
Other assets		6			-			6
Accounts payable		634			-			634
Accrued liabilities		(1,691	)		-			(1,691	)
Net cash used in operating activities of continuing operations		(13,613	)		-			13,613	)
Net cash used in discontinued operations		(4,030	)		-			(4,030	)
Net cash used in operating activities		(17,643	)		-			(17,643	)
Cash flows from investing activities:
Proceeds from sale of Eco3d		2,029			-			2,029
Purchases of short-term investments		(1,001	)		-			(1,001	)
Redemption of short-term investments		1,001			-			1,001
Purchases of property and equipment		(277	)		-			(277	)
Net cash provided by (used in) investing activities		1,752			-			1,752
Cash flows from financing activities:
Proceeds from issuance of common stock, net of fees		12,693			-			12,693
Purchase of treasury shares from employees		(1,618	)		-			(1,618	)
Repayments of debt - related parties		(100	)		-			(100	)
Net cash provided by financing activities		10,975			-			10,975
NET INCREASE (DECREASE) IN CASH		(4,916	)		-			(4,916	)
Cash - beginning of period		8,646			-			8,646
Cash - end of period	$	3,730		$	-		$	3,730
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	$	60		$	-		$	60
Cash paid for income taxes	$	-		$	-		$	-
SUMMARY OF NONCASH ACTIVITIES:
Inventory reclassified to property and equipment	$	2,477		$	-		$	2,477
Assets and liabilities acquired via acquisition of companies:
Identifiable intangible assets	$	1,435		$	-		$	1,435
Goodwill	$	65		$	-		$	65
Other assets	$	28		$	-		$	28

	Preferred				Common					Additional Paid-In-			Accumulated			Treasury
	Shares		Amount		Shares			Amount		Capital			Deficit			Stock			Total
Balances at April 1, 2017 (Restated)		-	$	-		42,330		$	42	$	80,845		$	(69,400	)	$	-		$	11,487
Shares issued for cash in private placement, net of expenses (Restated)		-		-		5,000			5		3,029			-			-			3,034
Share-based compensation – stock – Board of Directors		-		-		201			-		550			-			-			550
Share-based compensation – stock – services rendered		-		-		65			-		596			-			-			596
Share-based compensation – stock – employees		-		-		1,783			2		20,590			-			-			20,592
Purchase shares from employees in lieu of taxes		-		-		-			-		-			-			(1,618	)		(1,618	)
Stock issued to purchase 440 Labs		-		-		300			-		1,500			-			-			1,500
Share-based compensation due to employment agreements		-		-		300			-		1,500			-			-			1,500
Warrant conversion – cashless		-		-		49			-		-			-			-			-
Sale of Eco3d, shares received and cancelled		-		-		(560	)		-		(25	)		-			-			(25	)
Net loss for the period (Restated)		-		-		-			-		-			(32,836	)		-			(32,836	)
Balances at March 31, 2018 (Restated)		-		-		49,468			49		108,585			(102,236	)		(1,618	)		4,780