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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 5,191 $ 9,180
Accounts receivable, net of allowance for doubtful accounts of $74 and $56, respectively 1,170 1,592
Inventories, net 6,763 6,096
Prepaid expenses and other current assets 426 332
Total current assets 13,550 17,200
Machinery and equipment 3,394 3,182
Demonstration equipment 960 1,413
Furniture and fixtures 224 224
Leasehold improvements 372 372
Total property and equipment, at cost 4,950 5,191
Less—accumulated depreciation and amortization 2,597 2,970
Total property and equipment, net 2,353 2,221
Other assets, net of accumulated amortization of $91 and $90, respectively 72 73
Deferred debt cost, net of accumulated amortization of $213 and $172, respectively 231 272
Total assets 16,206 19,766
Current liabilities:    
Capital lease obligations 103 65
Accounts payable 848 921
Accrued expenses 624 782
Accrued compensation 872 706
Advances from customers 4,032 5,693
Total current liabilities 6,479 8,167
Line of credit—related party 5,000 5,000
Capital lease obligations, net of current portion 154 75
Total liabilities 11,633 13,242
Stockholders’ equity:    
Common stock, $0.01 par value— Authorized—75,000 shares Issued—44,432 shares and 44,025 shares, respectively 444 440
Additional paid-in capital 95,018 94,339
Treasury stock at cost, 2 shares and none, respectively (4)  
Accumulated deficit (90,885) (88,255)
Total stockholders’ equity 4,573 6,524
Total liabilities and stockholders’ equity $ 16,206 $ 19,766