XML 26 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (14,724) $ (16,265)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization of property and equipment and amortization of intangible assets 9,392 13,751
Changes in fair value of equity investment in Starrise 1,618 0
Loss from sale of property and equipment 3 729
Amortization of debt issuance costs included in interest expense 1,218 1,888
Provision for doubtful accounts 758 1,469
Recovery for inventory reserve (404) (92)
Stock-based compensation and expenses 543 1,576
Accretion and PIK interest expense added to note payable 1,495 1,708
Changes in operating assets and liabilities:    
Accounts receivable (33) 1,149
Inventory 495 211
Unbilled revenue (344) (4,463)
Prepaid and other current assets 554 2,660
Accounts payable and accrued expenses 7,983 (540)
Deferred revenue (1,480) (1,619)
Net cash provided by operating activities 7,762 11,088
Cash flows from investing activities:    
Purchases of property and equipment (1,237) (1,417)
Purchases of intangible assets (10) (553)
Net cash used in investing activities (1,247) (1,970)
Cash flows from financing activities:    
Payments of notes payable (39,493) (24,594)
Proceeds under revolving credit agreement, net 23,550 10,396
Proceeds from issuance of convertible note and notes payable 0 5,000
Net proceeds from issuance of Class A common stock 5,850 0
Net cash used in financing activities (10,093) (9,198)
Net change in cash and cash equivalents (3,578) (80)
Cash and cash equivalents at beginning of year 18,872  
Cash and cash equivalents at end of year $ 15,294 $ 18,872