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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 52,045 $ 55,296
Accounts receivable, less allowance for credit losses of $27 and $273, respectively 1,620 3,283
Inventories, net 13,092 28,556
Prepaid expenses and other current assets 3,655 6,325
Prepaid income taxes 367 188
Total current assets 70,779 93,648
Noncurrent assets:    
Property and equipment, net 26,204 26,657
Intangible and other assets, net 15,524 16,503
Goodwill 26,658 26,658
Operating lease right-of-use assets 1,188 1,432
Deferred tax assets, net 5,681 4,986
Total noncurrent assets 75,255 76,236
Total assets 146,034 169,884
Current liabilities:    
Accounts payable 16,951 37,024
Sales tax payable 24,373 25,012
Accrued expenses and other current liabilities 5,412 7,060
Current operating lease liabilities 446 459
Deferred revenue 1,650 2,603
Total current liabilities 48,832 72,158
Operating lease liabilities, net of current lease liabilities 768 995
Total liabilities 49,600 73,153
Commitments and contingencies (Note 7)
Shareholders' equity:    
Preferred stock, $.001 par value, 5,000,000 shares authorized; 2,500 convertible shares issued and outstanding with a liquidation preference of $4 per share 9 9
Common stock, $.001 par value, 40,000,000 shares authorized; 20,663,218 and 21,148,692 shares issued and outstanding, respectively 21 21
Additional paid-in capital 17,515 25,146
Retained earnings 78,889 71,555
Total shareholders' equity 96,434 96,731
Total liabilities and shareholders' equity $ 146,034 $ 169,884