Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Mar. 31, 2017
Current Assets:    
Cash and cash equivalents $ 14,139 $ 14,191
Restricted cash 5,000 5,514
Accounts receivable, net of allowances of $6,804 at June 30, 2017 and $6,845 at March 31, 2017 12,231 17,003
Inventories 15,438 14,538
Prepaid expenses and other current assets 2,583 3,073
Total current assets 49,391 54,319
Property, plant and equipment, net 2,007 2,115
Non-current portion of inventories 887 961
Intangible assets, net 583 651
Other assets 302 225
Total assets 53,170 58,271
Current Liabilities:    
Accounts payable and accrued expenses 13,590 14,719
Accrued salaries and wages 1,374 1,819
Accrued warranty reserve 3,073 3,766
Deferred revenue 5,877 5,050
Revolving credit facility 9,484 11,533
Current portion of notes payable and capital lease obligations 128 302
Total current liabilities 33,526 37,189
Long-term portion of notes payable and capital lease obligations 23 26
Other long-term liabilities 147 158
Total liabilities 33,696 37,373
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, 42,388,199 shares issued and 42,268,594 shares outstanding at June 30, 2017; 38,920,174 shares issued and 38,803,630 shares outstanding at March 31, 2017 42 39
Additional paid-in capital 877,364 874,697
Accumulated deficit (856,291) (852,199)
Treasury stock, at cost; 119,605 shares at June 30, 2017 and 116,544 shares at March 31, 2017 (1,641) (1,639)
Total stockholders' equity 19,474 20,898
Total liabilities and stockholders' equity $ 53,170 $ 58,271