v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Assets    
Cash and cash equivalents $ 5,165 $ 3,265
Accounts receivable, net 14,386 16,340
Revenue earned but not billed 7,411 6,409
Inventories, net 10,368 10,304
Prepaid expenses and other current assets 1,909 1,364
Total current assets 39,239 37,682
Property and equipment, net 6,010 6,114
Goodwill 1,484 1,484
Other intangible assets, net 2,526 2,646
Other long-term assets 4,044 3,679
Total assets 53,303 51,605
Liabilities and Shareholders’ Equity    
Accounts payable 15,508 15,451
Accrued expenses and other 9,692 10,728
Deferred revenue, current 96 155
Current maturities of long-term debt 264 353
Total current liabilities 25,560 26,687
Revolving credit facility 3,000 3,000
Long-term debt, less current maturities 3,261 2,619
Other long-term liabilities 2,736 2,671
Total liabilities 34,557 34,977
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at June 30, 2026 and March 31, 2026; no shares issued and outstanding at June 30, 2026 and March 31, 2026 0 0
Common stock, no par value: Shares authorized: 20,000,000 at June 30, 2026 and March 31, 2026; shares issued: 4,834,109 at June 30, 2026 and 4,819,013 at March 31, 2026; shares outstanding 4,071,624 at June 30, 2026 and 4,056,528 at March 31, 2026 0 0
Additional paid-in capital 169,805 169,646
Treasury stock, common shares: 762,472 at June 30, 2026 and 762,485 at March 31, 2026 (34,962) (34,962)
Accumulated deficit (116,097) (118,056)
Total shareholders’ equity 18,746 16,628
Total liabilities and shareholders’ equity $ 53,303 $ 51,605