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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,951 $ 15,527
Restricted cash 0 500
Accounts receivable, net of allowance for doubtful accounts of $263 and $0 at December 31, 2023 and March 31, 2023, respectively, including related parties (Note 11) 1,721 4,396
Inventory 10,005 8,406
Prepaid expenses and other current assets 1,275 1,859
Total current assets 20,952 30,688
Property and equipment, net 7,679 7,890
Operating lease right-of-use assets 2,311 3,033
Goodwill 1,020 1,079
Intangible assets, net 99 321
Investment in joint venture 0 715
Other assets 601 726
Total assets 32,662 44,452
Current liabilities:    
Accounts payable and accrued expenses, including related parties (Note 11) 9,306 7,895
Deferred revenue 10 0
Accrued interest 0 180
Unfunded commitment in joint venture 1,296 0
Accrued payroll and benefits 1,430 1,458
Operating lease liabilities 368 404
Revolving credit facility 0 12,000
Total current liabilities 12,410 21,937
Operating lease liabilities, net of current portion 2,002 2,670
Other liabilities 0 230
Total liabilities 14,412 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 December 31, 2023 and March 31, 2023 0 0
Common stock, $0.0001 par value; 750,000,000 shares authorized as of December 31, 2023 and March 31, 2023, and 63,195,948 and 57,047,013 shares issued and outstanding as of December 31, 2023 and March 31, 2023, respectively 6 6
Additional paid-in capital 262,319 230,272
Accumulated deficit (242,146) (209,236)
Accumulated other comprehensive loss (1,929) (1,427)
Total stockholders’ equity 18,250 19,615
Total liabilities and stockholders’ equity $ 32,662 $ 44,452