XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 2 - Acquisitions (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2022
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, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Revenues |  | $ | 23,881 |  |  | $ | 26,799 |  |  | $ | 74,241 |  |  | $ | 82,957 |
Operating loss |  |  | (9,209 | ) |  |  | (4,380 | ) |  |  | (26,184 | ) |  |  | (16,066 | )
Net loss |  | $ | (9,581 | ) |  | $ | (4,324 | ) |  | $ | (28,186 | ) |  | $ | (14,323 | )
Net loss per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.34 | ) |  | $ | (0.16 | ) |  | $ | (1.01 | ) |  | $ | (0.53 | )
Diluted |  | $ | (0.34 | ) |  | $ | (0.16 | ) |  | $ | (1.01 | ) |  | $ | (0.53 | )
Shares - basic |  |  | 27,954 |  |  |  | 27,352 |  |  |  | 27,794 |  |  |  | 27,185 |
Shares - diluted |  |  | 27,954 |  |  |  | 27,352 |  |  |  | 27,794 |  |  |  | 27,185 |

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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration