v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,411) $ (4,684)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,356 2,798
Income from equity method of investments (1,700) (1,689)
Inventory write-down 1,463 1,195
Other 2,369 1,294
Change in operating assets and liabilities:    
Accounts receivable (1,808) 4,047
Inventories 20,630 9,103
Accounts payable 2,710 4,623
Accrued expenses 1,087 2,378
Employee retention credit receivable 0 940
Other (200) (2,827)
Total adjustments 22,419 18,264
Net cash provided by operating activities 23,496 17,178
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in unconsolidated entities (7,027) (4,633)
Distribution from unconsolidated entities 6,030 3,192
Capital expenditures related to property & equipment (1,081) (1,076)
Capital expenditures related to assets on lease or held for lease (14,598) 0
Disbursements for note receivable - Lendway (3,750) 0
Other 237 18
Net cash used in investing activities (20,189) (2,499)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from lines of credit 136,515 124,249
Payments on lines of credit (131,376) (141,956)
Proceeds from term loan 24,877 24,850
Payments on term loan (35,040) (28,341)
Proceeds received from issuance of TruPs 910 8,780
Repurchase of common stock (1,445) (876)
Other 758 (616)
Net cash used in financing activities (4,801) (13,910)
Effect of foreign currency exchange rates on cash and cash equivalents 408 (16)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,086) 753
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 7,843 7,090
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD1 6,757 7,843
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Assumption of liabilities to acquire assets on lease 720 0
Non-cash contribution from non-controlling interest 475 0
Contingent earnout for Contrail Aviation Support, LLC ("Contrail") redeemed interest 1,104 0
Related-party note payable for Contrail redeemed interest 4,570 0
Due from CAM expense reimbursements converted into notes receivable - CAM 2,500 0
Equipment leased or held for lease transferred to inventory 0 73
Equipment in inventory transferred to assets on lease 112 260
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Operating cash payments for operating leases 2,260 2,351
Cash paid during the year for interest 8,437 3,891
Cash paid during the year for income taxes 983 917
Cash and cash equivalents 5,932 7,100
Restricted cash, current 575  
Restricted cash, long-term 250  
Total cash and cash equivalents and restricted cash at end of period $ 6,757 $ 7,843