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Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 19,994 $ 16,587
Restricted cash 274 140
Trade accounts receivable, net of allowance for doubtful accounts of $295 and $357 at June 30, 2023 and March 31, 2023, respectively 25,429 23,809
Unbilled accounts receivable 8,471 8,349
Inventories 11,534 10,841
Prepaid expenses and other current assets 4,644 3,128
Total current assets 70,346 62,854
Property and equipment, net 1,315 1,297
Right-of-use assets 7,955 8,345
Intangible assets, net 9,986 10,190
Goodwill 28,340 28,340
Other assets 434 768
Total assets 118,376 111,794
Current liabilities:    
Trade accounts payable 15,581 12,943
Accrued payroll and related expenses 12,653 12,923
Accrued liabilities 6,454 5,453
Deferred revenue 7,356 6,720
Total current liabilities 42,044 38,039
Lease liabilities 7,122 7,641
Deferred income taxes 442 422
Unrecognized tax benefits 81 79
Other long-term liabilities 2,880 2,707
Total liabilities 52,569 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 June 30, 2023 and March 31, 2023 Issued and outstanding shares — 42,646 and 42,346, respectively, at June 30, 2023 and 42,416 and 42,416, respectively, at March 31, 2023 4,288 4,282
Treasury stock (891) (891)
Additional paid-in capital 190,852 190,082
Accumulated deficit (128,442) (130,567)
Total stockholders' equity 65,807 62,906
Total liabilities and stockholders' equity $ 118,376 $ 111,794