4. BALANCE SHEET DETAIL (Tables)
|
3 Months Ended |
Jun. 30, 2026 |
|---|
| BALANCE SHEET DETAIL |
|
| Schedule of inventories |
| | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Inventories: | | | | Work-in-progress | | $ | 2,362 | | $ | 1,978 | | Finished goods | | | 2,179 | | | 2,101 | | Inventory at distributors | | | 1 | | | — | | | | $ | 4,542 | | $ | 4,079 | |
|
| Schedule of accounts receivable, net |
| | | | | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Accounts receivable, net: | | | | | | | | Accounts receivable | | $ | 2,650 | | $ | 4,389 | | Less: Allowances for credit losses | | | (143) | | | (152) | | | | $ | 2,507 | | $ | 4,237 | |
|
| Schedule of prepaid expenses and other current assets |
| | | | | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Prepaid expenses and other current assets: | | | | | | | | Prepaid tooling and masks | | $ | 1,034 | | $ | 593 | | Other receivables | | | 331 | | | 88 | | Other prepaid expenses and other current assets | | | 4,333 | | | 2,978 | | | | $ | 5,698 | | $ | 3,659 | |
|
| Schedule of property and equipment, net |
| | | | | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Property and equipment, net: | | | | | | | | Computer and other equipment | | $ | 18,544 | | $ | 18,187 | | Software | | | 4,426 | | | 4,426 | | Furniture and fixtures | | | 102 | | | 102 | | Leasehold improvements | | | 942 | | | 942 | | | | | 24,014 | | | 23,657 | | Less: Accumulated depreciation | | | (22,888) | | | (22,774) | | | | $ | 1,126 | | $ | 883 | |
|
| Schedule of intangible assets |
The following tables summarize the components of intangible assets and related accumulated amortization balances at June 30, 2026 and March 31, 2026 (in thousands): | | | | | | | | | | | | As of June 30, 2026 | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | Intangible assets: | | | | | | | | | | Product designs | | $ | 590 | | $ | (590) | | $ | — | Patents | | | 4,220 | | | (3,189) | | | 1,031 | Software | | | 80 | | | (80) | | | — | Total | | $ | 4,890 | | $ | (3,859) | | $ | 1,031 |
| | | | | | | | | | | | As of March 31, 2026 | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | Intangible assets: | | | | | | | | | | Product designs | | $ | 590 | | $ | (590) | | $ | — | Patents | | | 4,220 | | | (3,131) | | | 1,089 | Software | | | 80 | | | (80) | | | — | Total | | $ | 4,890 | | $ | (3,801) | | $ | 1,089 |
|
| Schedule of estimated future amortization expense of intangible assets |
As of June 30, 2026, the estimated future amortization expense of intangible assets in the table above is as follows (in thousands): | | | | | Fiscal year ending March 31, | | | | 2027 (remaining nine months) | | $ | 175 | | 2028 | | | 233 | | 2029 | | | 233 | | 2030 | | | 233 | | 2031 | | | 157 | | Total | | $ | 1,031 | |
|
| Schedule of accrued expenses and other liabilities |
| | | | | | | | | | | | | | | | | | June 30, 2026 | | March 31, 2026 | | | | | (In thousands) | | Accrued expenses and other liabilities: | | | | | | | | Accrued compensation | | $ | 2,731 | | $ | 2,421 | | Accrued commissions | | | 148 | | | 168 | | Purchased intellectual property | | | 917 | | | 917 | | Others | | | 535 | | | 588 | | | | $ | 4,331 | | $ | 4,094 | |
|