v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 11,418 $ 21,412
Accounts receivable, less allowance for credit losses of $0 and $25, respectively 1,373 1,908
Inventories 6,303 13,608
Prepaid expenses and other current assets 6,187 6,378
Prepaid income taxes 62 258
Total current assets 25,343 43,564
Noncurrent assets:    
Property and equipment, net 23,472 26,326
Intangible and other assets, net 10,310 10,789
Operating lease right-of-use assets 278 512
Total noncurrent assets 34,060 37,627
Total assets 59,403 81,191
Current liabilities:    
Accounts payable 15,258 20,906
Sales tax payable 18,927 22,261
Accrued expenses and other current liabilities 7,302 7,665
Current operating lease liabilities 291 493
Deferred revenue 588 689
Income taxes payable 0 20
Total current liabilities 42,366 52,034
Deferred tax liabilities, net 175 175
Operating lease liabilities, net of current lease liabilities 0 42
Total liabilities 42,541 52,251
Commitments and contingencies (Note 7)
Shareholders' equity:    
Common stock, $.001 par value, 40,000,000 shares authorized; 22,131,508 and 21,385,638 shares issued and outstanding, respectively 22 21
Additional paid-in capital 20,147 19,647
Retained earnings (3,316) 9,263
Total shareholders' equity 16,862 28,940
Total liabilities and shareholders' equity 59,403 81,191
Convertible Preferred Stock    
Shareholders' equity:    
Preferred stock 9 9
Series A Junior Participating Preferred Stock    
Shareholders' equity:    
Preferred stock $ 0 $ 0