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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 61,534 $ 104,086
Accounts receivable, less allowance for doubtful accounts of $38 and $35, respectively 1,894 1,740
Inventories - finished goods 32,324 19,023
Prepaid expenses and other current assets 8,530 4,719
Prepaid income taxes 528 863
Total current assets 104,810 130,431
Noncurrent assets:    
Property and equipment, net 27,207 26,178
Intangible and other assets, net 17,671 5,860
Goodwill 26,657 0
Operating lease right-of-use assets, net 2,024 0
Deferred tax assets, net 5,906 5,009
Total noncurrent assets 79,465 37,047
Total assets 184,275 167,478
Current liabilities:    
Accounts payable 40,037 25,208
Sales tax payable 26,614 26,113
Accrued expenses and other current liabilities 8,067 6,191
Current lease liabilities 799 0
Deferred revenue 3,246 0
Total current liabilities 78,763 57,512
Long-term lease liabilities 1,268 0
Total liabilities 80,031 57,512
Commitments and contingencies (Note 9) 0 0
Shareholders' equity:    
Preferred stock, $.001 par value, 5,000 shares authorized; 3 convertible shares issued and outstanding with a liquidation preference of $4 per share 9 9
Common stock, $.001 par value, 40,000 shares authorized; 21,170 and 21,084 shares issued and outstanding, respectively 21 21
Additional paid-in capital 20,037 18,277
Retained earnings 84,177 91,659
Total shareholders' equity 104,244 109,966
Total liabilities and shareholders' equity $ 184,275 $ 167,478