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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 33,435 $ 9,500
Restricted cash 500 0
Accounts receivable, net, including $1.2 million and $507 thousand from related parties as of March 31, 2022 and March 31, 2021, respectively 2,558 1,618
Inventory 6,330 2,223
Prepaid expenses and other current assets 1,971 953
Total current assets 44,794 14,294
Property and equipment, net 1,649 1,360
Goodwill 1,180 1,302
Intangible assets, net 617 914
Investment in joint venture 143 0
Other assets 263 274
Total assets 48,646 18,144
Current liabilities:    
Accounts payable and accrued expenses 3,588 3,140
Deferred revenue 346 505
Development loan 0 10,000
Revolving credit facility, including accrued interest 180 10,150
Unfunded commitment to joint venture 0 1,866
Accrued payroll and benefits 1,171 1,410
Total current liabilities 5,285 27,071
Revolving credit facility 12,000 0
Promissory note 0 16,128
Total liabilities 17,285 43,199
Commitments and contingencies (Note 10)
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value; 750,000,000 shares authorized as of March 31, 2022 and March 31, 2021, and 53,379,307 and 40,531,996 shares issued and outstanding as of March 31, 2022 and March 31, 2021, respectively 5 4
Additional paid-in capital 211,190 144,201
Accumulated deficit (178,638) (168,403)
Accumulated other comprehensive loss (1,196) (857)
Total stockholders’ equity (deficit) 31,361 (25,055)
Total liabilities and stockholders’ equity (deficit) $ 48,646 $ 18,144