Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
Current Assets:    
Cash and cash equivalents $ 11,106 $ 11,704
Restricted cash 5,006 5,002
Accounts receivable, net of allowances of $7,032 at September 30, 2016 and $8,909 at March 31, 2016 12,750 13,575
Inventories 16,955 16,126
Prepaid expenses and other current assets 2,208 2,636
Total current assets 48,025 49,043
Property, plant and equipment, net 2,796 3,537
Non-current portion of inventories 2,272 2,143
Intangible assets, net 805 941
Other assets 240 228
Total 54,138 55,892
Current Liabilities:    
Accounts payable and accrued expenses 12,087 13,187
Accrued salaries and wages 1,829 1,880
Accrued warranty reserve 1,327 1,639
Deferred revenue 4,520 4,368
Revolving credit facility 6,178 9,459
Current portion of notes payable and capital lease obligations 50 361
Total current liabilities 25,991 30,894
Long-term portion of notes payable and capital lease obligations 33 74
Other long-term liabilities 179 184
Commitments and contingencies (Note 15)
Stockholders' Equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued
Common stock, $.001 par value; 515,000,000 shares authorized, 30,794,703 shares issued and 30,678,284 shares outstanding at September 30, 2016; 23,857,516 shares issued and 23,753,873 shares outstanding at March 31, 2016 31 24
Additional paid-in capital 866,878 853,288
Accumulated deficit (837,336) (826,955)
Treasury stock, at cost; 116,419 shares at September 30, 2016 and 103,643 shares at March 31, 2016 (1,638) (1,617)
Total stockholders' equity 27,935 24,740
Total $ 54,138 $ 55,892