v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net loss $ (57,286) $ (6,271) $ (7,464)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation and amortization 9,387 7,039 7,056
Impairment of goodwill and intangible assets 27,258 1,200 0
Inventory write-down 2,126 0 0
Share based compensation, net 1,365 (6,586) 6,869
Deferred income taxes (88) 5,249 292
Bad debt (recovery) expense (36) 365 324
Change in sales tax liability estimation (2,728) 0 0
(Increase) decrease in operating assets and increase (decrease) in liabilities:      
Accounts receivable 445 601 (1,742)
Inventories 471 12,351 (6,417)
Prepaid income taxes 41 (111) 675
Prepaid expenses and other current assets (1,048) 995 (185)
Operating lease right-of-use assets, net 454 466 788
Accounts payable (2,658) (13,460) 6,102
Sales tax payable 122 (145) (1,101)
Accrued expenses and other current liabilities (4,302) 3,921 276
Operating lease liabilities (461) (458) (766)
Deferred revenue (1,396) (518) (390)
Income taxes payable (60) 80 0
Net cash (used in) provided by operating activities (28,394) 4,718 4,317
Cash flows from investing activities:      
Purchase of minority interest investment in Vetster 0 0 (300)
Acquisition of PetCareRx, net of cash acquired 0 0 (35,859)
Purchases of property and equipment (4,615) (5,113) (4,511)
Net cash used in investing activities (4,615) (5,113) (40,670)
Cash flows from financing activities:      
Dividends paid (21) (181) (12,437)
Cash paid for tax withholding on net settlement of restricted stock (278) 0 0
Net cash used in financing activities (299) (181) (12,437)
Net decrease in cash and cash equivalents (33,308) (576) (48,790)
Cash and cash equivalents, at beginning of fiscal year 54,720 55,296 104,086
Cash and cash equivalents, at end of fiscal year 21,412 54,720 55,296
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 52 525 130
Dividends payable in accrued expenses 0 26 1,466
Non-cash investing activity for property and equipment additions $ 282 $ 2,170 $ 0