Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Mar. 31, 2018
Current Assets:    
Cash and cash equivalents $ 29,727 $ 14,408
Restricted cash   5,000
Accounts receivable, net of allowances of $5,298 at March 31, 2019 and $5,744 at March 31, 2018 16,222 15,968
Inventories, net 20,343 15,633
Prepaid expenses and other current assets 3,818 2,803
Total current assets 70,110 53,812
Property, plant, equipment and rental assets, net 5,291 2,859
Non-current portion of inventories 1,403 1,041
Intangible assets, net 187 411
Other assets 2,972 250
Total assets 79,963 58,373
Current Liabilities:    
Accounts payable and accrued expenses 16,638 13,503
Accrued salaries and wages 1,637 1,588
Accrued warranty reserve 2,614 1,682
Deferred revenue 7,167 6,596
Revolving credit facility   8,527
Current portion of notes payable and capital lease obligations 31 192
Total current liabilities 28,087 32,088
Deferred revenue - non-current 1,069  
Term note payable, net 27,099  
Long-term portion of notes payable and capital lease obligations 212 130
Other long-term liabilities 342 396
Total liabilities 56,809 32,614
Commitments and contingencies (Note 13)
Stockholders' Equity:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued
Common stock, $.001 par value; 515,000,000 shares authorized, 71,971,586 shares issued and 71,709,203 shares outstanding at March 31, 2019; 57,062,598 shares issued and 56,916,646 shares outstanding at March 31, 2018 72 57
Additional paid-in capital 903,738 889,585
Accumulated deficit (878,884) (862,225)
Treasury stock, at cost; 262,383 shares at March 31, 2019 and 145,952 shares at March 31, 2018 (1,772) (1,658)
Total stockholders' equity 23,154 25,759
Total liabilities and stockholders' equity $ 79,963 $ 58,373