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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 55,296 $ 104,086
Accounts receivable, less allowance for credit losses of $273 and $35, respectively 3,283 1,740
Inventories 28,556 19,023
Prepaid expenses and other current assets 6,325 4,719
Prepaid income taxes 188 863
Total current assets 93,648 130,431
Noncurrent assets:    
Property and equipment, net 26,657 26,178
Intangible and other assets, net 16,503 5,860
Goodwill 26,658 0
Operating lease right-of-use assets, net 1,432 0
Deferred tax assets, net 4,986 5,009
Total noncurrent assets 76,236 37,047
Total assets 169,884 167,478
Current liabilities:    
Accounts payable 37,024 25,208
Sales tax payable 25,012 26,113
Accrued expenses and other current liabilities 7,060 6,191
Current operating lease liabilities 459 0
Deferred revenue 2,603 0
Total current liabilities 72,158 57,512
Long-term operating lease liabilities 995 0
Total liabilities 73,153 57,512
Commitments and contingencies (Note 14)
Shareholders' equity:    
Preferred stock, $.001 par value, 5,000 shares authorized; 3 convertible shares issued and outstanding with a liquidation preference of $4 per share 9 9
Common stock, $.001 par value, 40,000 shares authorized; 21,149 and 21,084 shares issued and outstanding, respectively 21 21
Additional paid-in capital 25,146 18,277
Retained earnings 71,555 91,659
Total shareholders' equity 96,731 109,966
Total liabilities and shareholders' equity $ 169,884 $ 167,478