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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 15,527 $ 33,435
Restricted cash 500 500
Accounts receivable, net, including $2.9 million and $1.2 million from related parties as of March 31, 2023 and 2022, respectively (Note 18) 4,396 2,558
Inventory 8,406 6,330
Prepaid expenses and other current assets 1,859 1,971
Total current assets 30,688 44,794
Property and equipment, net 7,890 1,649
Operating lease right-of-use assets 3,033 0
Goodwill 1,079 1,180
Intangible assets, net 321 617
Investment in joint venture 715 143
Other assets 726 263
Total assets 44,452 48,646
Current liabilities:    
Accounts payable and accrued expenses, including $1.1 million and $0.9 million from related parties as of March 31, 2023 and 2022, respectively (Note 18) 7,895 3,588
Deferred revenue 0 346
Accrued interest 180 180
Accrued payroll and benefits 1,458 1,171
Operating lease liabilities 404 0
Revolving credit facility 12,000 0
Total current liabilities 21,937 5,285
Revolving credit facility, net of current portion 0 12,000
Operating lease liabilities, net of current portion 2,670 0
Other liabilities 230 0
Total liabilities 24,837 17,285
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.0001 par value; 750,000,000 shares authorized as of March 31, 2023 and 2022, and 57,047,013 and 53,379,307 shares issued and outstanding as of March 31, 2023 and 2022, respectively 6 5
Additional paid-in capital 230,272 211,190
Accumulated deficit (209,236) (178,638)
Accumulated other comprehensive loss (1,427) (1,196)
Total stockholders’ equity 19,615 31,361
Total liabilities and stockholders’ equity $ 44,452 $ 48,646