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Note 2 - Acquisitions (Tables)

9 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Cash payment		$	4.4
Issuance of 301,556 shares of Company's common stock			4.4
Debt payment to third party lenders on behalf of sellers			7.6
Total consideration		$	16.4

Cash payment		$	26.0
Issuance of 873,657 shares of Company’s common stock			12.4
Contingent consideration			4.0
Total consideration		$	42.4

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cash and short-term investments		$	0.5
Net working capital (excluding inventory and deferred revenue)			(0.9	)
Inventory			9.0
Property, plant and equipment			6.5
Deferred revenue			(10.0	)
Deferred tax liability			(2.3	)
Net tangible assets/(liabilities)			2.8
Backlog			0.1
Trade names and trademarks			1.2
Customer relationships			3.5
Net identifiable intangible assets/(liabilities)			4.8
Goodwill			8.8
Total purchase consideration		$	16.4

Net working capital (excluding inventory and deferred revenue)		$	0.1
Inventory			4.2
Property, plant and equipment			2.3
Deferred revenue			(2.7	)
Deferred tax liability			(1.7	)
Net tangible assets/(liabilities)			2.2
Backlog			0.6
Trade names and trademarks			0.6
Customer relationships			6.1
Net identifiable intangible assets/(liabilities)			7.3
Goodwill			32.9
Total purchase consideration		$	42.4

Business Acquisition, Pro Forma Information [Table Text Block]

		Three Months Ended December 31,								Nine Months Ended December 31,
		2021				2020				2021				2020
Revenues			$ 26,799				$ 26,528				$ 82,957				$ 91,387
Operating loss			(4,390)				(12,509)				(15,521)				(21,100)
Net loss			$ (4,333)				$ (13,137)				$ (16,142)				$ (16,883)
Net loss per common share
Basic			$ (0.16)				$ (0.51)				$ (0.59)				$ (0.71)
Diluted			$ (0.16)				$ (0.51)				$ (0.59)				$ (0.71)
Shares - basic			27,351				25,772				27,185				23,898
Shares - diluted			27,351				25,772				27,185				23,898

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

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