Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
Current Assets:    
Cash and cash equivalents $ 15,068 $ 29,727
Accounts receivable, net of allowances of $703 at March 31, 2020 and $5,298 at March 31, 2019 16,240 16,222
Inventories, net 21,460 20,343
Prepaid expenses and other current assets 3,987 3,818
Total current assets 56,755 70,110
Property, plant, equipment and rental assets, net 7,749 5,291
Non-current portion of inventories 1,221 1,403
Intangible assets, net   187
Other assets 8,230 2,972
Total assets 73,955 79,963
Current Liabilities:    
Accounts payable and accrued expenses 15,000 16,638
Accrued salaries and wages 1,644 1,637
Accrued warranty reserve 1,934 2,614
Deferred revenue 7,898 7,167
Current portion of notes payable and lease obligations 477 31
Total current liabilities 26,953 28,087
Deferred revenue - non-current 944 1,069
Term note payable, net 27,963 27,099
Long-term portion of notes payable and lease obligations 5,074 212
Other long-term liabilities   342
Total liabilities 60,934 56,809
Commitments and contingencies (Note 12)
Stockholders' Equity:    
Preferred stock, $.001 par value; 1,000,000 shares authorized; none issued
Common stock, $.001 par value; 51,500,000 shares authorized, 10,286,366 shares issued and 10,228,789 shares outstanding at March 31, 2020; 7,216,910 shares issued and 7,190,671 shares outstanding at March 31, 2019 10 7
Additional paid-in capital 915,755 903,803
Accumulated deficit (900,869) (878,884)
Treasury stock, at cost; 57,577 shares at March 31, 2020 and 26,239 shares at March 31, 2019 (1,875) (1,772)
Total stockholders' equity 13,021 23,154
Total liabilities and stockholders' equity $ 73,955 $ 79,963