Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities:    
Net loss $ (13,956) $ (1,632)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,474 1,679
Amortization of deferred financing costs 37 97
Provision for allowance for doubtful accounts 566 194
Inventory write-down 634 573
Provision for warranty expenses 3,298 2,342
Loss on disposal of equipment 2  
Stock-based compensation 696 862
Change in fair value of warrant liability (451) (14,220)
Changes in operating assets and liabilities:    
Accounts receivable 2,864 (4,077)
Inventories (3,314) (4,583)
Prepaid expenses and other current assets 236 322
Accounts payable and accrued expenses 883 (501)
Accrued salaries and wages and long term liabilities (103) 26
Accrued warranty reserve (2,462) (1,924)
Deferred revenue 17 1,052
Net cash used in operating activities (9,579) (19,790)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (653) (689)
Changes in restricted cash   1,250
Net cash provided by (used in) investing activities (653) 561
Cash Flows from Financing Activities:    
Net proceeds from revolving credit facility 1,509 5,255
Repayment of notes payable and capital lease obligations (242) (197)
Net cash used in employee stock-based transactions (30) (33)
Proceeds from exercise of common stock warrants 4,260 1,083
Net cash provided by financing activities 5,497 6,108
Net decrease in Cash and Cash Equivalents (4,735) (13,121)
Cash and Cash Equivalents, Beginning of Period 49,952 33,456
Cash and Cash Equivalents, End of Period 45,217 20,335
Cash paid during the period for:    
Interest 292 318
Income taxes 396  
Supplemental Disclosures of Non-Cash Information:    
Accrued purchases of property and equipment included in accounts payable $ 32 $ 37