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Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,185 $ 16,587
Restricted cash 338 140
Trade accounts receivable, net of allowance for doubtful accounts of $418 and $357 at December 31, 2023 and March 31, 2023, respectively 24,859 23,809
Unbilled accounts receivable 8,596 8,349
Inventories 11,456 10,841
Prepaid expenses and other current assets 3,615 3,128
Total current assets 70,049 62,854
Property and equipment, net 1,290 1,297
Right-of-use assets 7,332 8,345
Intangible assets, net 10,021 10,190
Goodwill 28,340 28,340
Other assets 570 768
Total assets 117,602 111,794
Current liabilities:    
Trade accounts payable 14,249 12,943
Accrued payroll and related expenses 10,877 12,923
Accrued liabilities 5,304 5,453
Deferred revenue 8,619 6,720
Total current liabilities 39,049 38,039
Lease liabilities 6,301 7,641
Deferred income taxes 483 422
Unrecognized tax benefits 38 79
Other long-term liabilities 3,159 2,707
Total liabilities 49,030 48,888
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $1.00 par value: Authorized shares — 2,000 Issued and outstanding shares — none 0 0
Common stock, $0.10 par value: Authorized shares - 70,000 at December 31, 2023 and March 31, 2023 Issued and outstanding shares — 42,793 at December 31, 2023 and 42,808 at March 31, 2023 4,280 4,282
Treasury stock (15) (891)
Additional paid-in capital 192,876 190,082
Accumulated deficit (128,569) (130,567)
Total stockholders' equity 68,572 62,906
Total liabilities and stockholders' equity $ 117,602 $ 111,794