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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,152 $ 15,527
Restricted cash 0 500
Accounts receivable, net of allowance for doubtful accounts of $263 and $0 at September 30, 2023 and March 31, 2023, respectively, including related parties (Note 11) 4,571 4,396
Inventory 9,776 8,406
Prepaid expenses and other current assets 1,426 1,859
Total current assets 21,925 30,688
Property and equipment, net 7,857 7,890
Operating lease right-of-use assets 2,719 3,033
Goodwill 963 1,079
Intangible assets, net 173 321
Investment in joint venture 0 715
Other assets 652 726
Total assets 34,289 44,452
Current liabilities:    
Accounts payable and accrued expenses, including related parties (Note 11) 6,198 7,895
Accrued interest 0 180
Unfunded commitment in joint venture 59 0
Accrued payroll and benefits 1,557 1,458
Operating lease liabilities 525 404
Revolving credit facility 0 12,000
Total current liabilities 8,339 21,937
Operating lease liabilities, net of current portion 2,259 2,670
Other liabilities 0 230
Total liabilities 10,598 24,837
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized and none issued and outstanding as of September 30, 2023 and March 31, 2023 0 0
Common stock, $0.0001 par value; 750,000,000 shares authorized as of September 30, 2023 and March 31, 2023, and 61,981,134 and 57,047,013 shares issued and outstanding as of September 30, 2023 and March 31, 2023, respectively 6 6
Additional paid-in capital 255,249 230,272
Accumulated deficit (229,424) (209,236)
Accumulated other comprehensive loss (2,140) (1,427)
Total stockholders’ equity 23,691 19,615
Total liabilities and stockholders’ equity $ 34,289 $ 44,452