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Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 20,161 $ 16,587
Restricted cash 449 140
Trade accounts receivable, net of allowance for doubtful accounts of $360 and $357 at September 30, 2023 and March 31, 2023, respectively 24,929 23,809
Unbilled accounts receivable 8,562 8,349
Inventories 10,781 10,841
Prepaid expenses and other current assets 4,079 3,128
Total current assets 68,961 62,854
Property and equipment, net 1,325 1,297
Right-of-use assets 7,509 8,345
Intangible assets, net 9,968 10,190
Goodwill 28,340 28,340
Other assets 502 768
Total assets 116,605 111,794
Current liabilities:    
Trade accounts payable 14,942 12,943
Accrued payroll and related expenses 10,837 12,923
Accrued liabilities 5,654 5,453
Deferred revenue 7,322 6,720
Total current liabilities 38,755 38,039
Lease liabilities 6,560 7,641
Deferred income taxes 463 422
Unrecognized tax benefits 37 79
Other long-term liabilities 3,224 2,707
Total liabilities 49,039 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 4,283 4,282
Treasury stock (9) (891)
Additional paid-in capital 192,037 190,082
Accumulated deficit (128,745) (130,567)
Total stockholders' equity 67,566 62,906
Total liabilities and stockholders' equity $ 116,605 $ 111,794
Common stock, outstanding (in shares) 42,823,000 42,808,000