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, 2017
Mar. 31, 2017
Current Assets:    
Cash and cash equivalents $ 10,156 $ 14,191
Restricted cash 5,000 5,514
Accounts receivable, net of allowances of $6,773 at September 30, 2017 and $6,845 at March 31, 2017 13,248 17,003
Inventories 16,274 14,538
Prepaid expenses and other current assets 2,545 3,073
Total current assets 47,223 54,319
Property, plant and equipment, net 2,232 2,115
Non-current portion of inventories 994 961
Intangible assets, net 523 651
Other assets 331 225
Total assets 51,303 58,271
Current Liabilities:    
Accounts payable and accrued expenses 14,096 14,719
Accrued salaries and wages 1,834 1,819
Accrued warranty reserve 2,562 3,766
Deferred revenue 4,999 5,050
Revolving credit facility 9,575 11,533
Current portion of notes payable and capital lease obligations 14 302
Total current liabilities 33,080 37,189
Long-term portion of notes payable and capital lease obligations 20 26
Other long-term liabilities 136 158
Total liabilities 33,236 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, 44,959,744 shares issued and 44,813,869 shares outstanding at September 30, 2017; 38,920,174 shares issued and 38,803,630 shares outstanding at March 31, 2017 45 39
Additional paid-in capital 879,639 874,697
Accumulated deficit (859,959) (852,199)
Treasury stock, at cost; 145,875 shares at September 30, 2017 and 116,544 shares at March 31, 2017 (1,658) (1,639)
Total stockholders' equity 18,067 20,898
Total liabilities and stockholders' equity $ 51,303 $ 58,271