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Note 12 - Accounts Payable and Accrued Expenses

3 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

12. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses at  June 30, 2025 and  March 31, 2025 consisted of the following (in thousands):

		June 30, 2025				March 31, 2025
Accounts payable		$	11,861			$	6,733
Accrued inventories in-transit			2,238				2,111
Accrued other miscellaneous expenses			5,144				3,600
Accrued contract loss			97				97
Advanced deposits			4,636				1,267
Accrued compensation			9,307				13,418
Income taxes payable			452				305
Accrued product warranty			3,240				3,033
Accrued commissions			1,426				1,718
Total		$	38,401			$	32,282

The Company generally provides a one to three year warranty on its products, commencing upon delivery or installation where applicable. A provision is recorded upon revenue recognition to cost of revenues for estimated warranty expense based on historical experience.

Product warranty activity was as follows (in thousands):

		Three Months Ended June 30,
		2025				2024
Balance at beginning of period		$	3,033			$	2,363
Provisions for warranties during the period			549				476
Settlements during the period			(342	)			(297	)
Balance at end of period		$	3,240			$	2,542

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- Definition

The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483384/720-30-45-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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