v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 13,079 $ 21,412
Accounts receivable, less allowance for credit losses of $0 and $25, respectively 1,706 1,908
Inventories, net 8,468 13,608
Prepaid expenses and other current assets 4,256 6,378
Prepaid income taxes 96 258
Total current assets 27,605 43,564
Noncurrent assets:    
Property and equipment, net 25,213 26,326
Intangible and other assets, net 10,549 10,789
Operating lease right-of-use assets 395 512
Total noncurrent assets 36,157 37,627
Total assets 63,762 81,191
Current liabilities:    
Accounts payable 12,298 20,906
Sales tax payable 20,603 22,261
Accrued expenses and other current liabilities 6,654 7,665
Current operating lease liabilities 414 493
Deferred revenue 629 689
Income taxes payable 0 20
Total current liabilities 40,598 52,034
Deferred tax liabilities, net 175 175
Operating lease liabilities, net of current lease liabilities 0 42
Total liabilities 40,773 52,251
Commitments and contingencies (Note 7)
Shareholders' equity:    
Common stock, $.001 par value, 40,000,000 shares authorized; 21,682,381 and 21,385,638 shares issued and outstanding, respectively 22 21
Additional paid-in capital 19,840 19,647
Retained earnings 3,118 9,263
Total shareholders' equity 22,989 28,940
Total liabilities and shareholders' equity 63,762 81,191
Convertible Preferred Stock    
Shareholders' equity:    
Preferred stock 9 9
Series A Junior Participating Preferred Stock    
Shareholders' equity:    
Preferred stock $ 0 $ 0