v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Operating activities      
Net loss $ (3,163) $ (11,801) $ (11,671)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation and amortization 1,784 2,619 2,590
Stock-based compensation 483 1,157 950
Loss on debt extinguishment 562 0 0
Deferred taxes and impairment of property and equipment 5 27 64
Loss on asset disposals 1,118 91 84
Provision for inventory reserves 461 552 562
Provision for credit losses 12 378 170
Other (6) 197 468
Changes in operating assets and liabilities:      
Accounts receivable (3,507) 800 (464)
Revenue earned but not billed (3,059) 1,189 (3,219)
Inventories 627 6,106 (603)
Prepaid expenses and other assets 802 2,324 (1,384)
Accounts payable 2,179 (5,078) 4,990
Accrued expenses and other liabilities 1,296 1,883 (2,334)
Deferred revenue, current and long-term (673) 155 (295)
Net cash provided by (used in) operating activities (1,079) 599 (10,092)
Investing activities      
Purchase of property and equipment (83) (99) (837)
Additions to patents and licenses (3) (6) 0
Proceeds from sales of property, plant and equipment 0 233 106
Net cash provided by (used in) investing activities (86) 128 (731)
Financing activities      
Payment of long-term debt (3,403) (206) (15)
Proceeds from revolving credit facility 4,250 500 0
Payments of revolving credit facility (8,250) (3,500) 0
Proceeds from long-term debt 0 3,525 0
Unamortized debt issuance cost write-off (180) 0 0
Issuance of treasury stock 300 0 0
Proceeds from public stock offering, net of issuance costs 6,138 0 0
Payments to settle employee tax withholdings on stock-based compensation (11) 0 (2)
Debt issue costs (383) (216) 0
Proceeds from employee equity exercises (3) (13) 3
Net cash provided by (used in) financing activities (1,542) 90 (14)
Net increase (decrease) in cash and cash equivalents (2,707) 817 (10,837)
Cash and cash equivalents at beginning of period 5,972 5,155 15,992
Cash and cash equivalents at end of period 3,265 5,972 5,155
Supplemental cash flow information:      
Cash paid for interest (758) (962) (691)
Cash paid for income taxes (36) (26) (59)
Supplemental disclosure of non-cash investing and financing activities:      
Operating lease assets obtained in exchange for new operating lease liabilities 0 2,661 0
Issuance of common stock to Final Frontier, LLC as partial payment of earnout obligation 1,000 0 0
Issuance of subordinated debt for earnout obligation $ 3,051 $ 0 $ 0