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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 50,101 $ 55,296
Accounts receivable, less allowance for credit losses of $88 and $273, respectively 2,259 3,283
Inventories, net 11,795 28,556
Prepaid expenses and other current assets 3,888 6,325
Prepaid income taxes 340 188
Total current assets 68,383 93,648
Noncurrent assets:    
Property and equipment, net 28,425 26,657
Intangible and other assets, net 15,035 16,503
Goodwill 26,658 26,658
Operating lease right-of-use assets 1,077 1,432
Deferred tax assets, net 5,217 4,986
Total noncurrent assets 76,412 76,236
Total assets 144,795 169,884
Current liabilities:    
Accounts payable 10,945 37,024
Sales tax payable 24,483 25,012
Accrued expenses and other current liabilities 10,922 7,060
Current operating lease liabilities 453 459
Deferred revenue 1,156 2,603
Total current liabilities 47,959 72,158
Operating lease liabilities, net of current lease liabilities 652 995
Total liabilities 48,611 73,153
Commitments and contingencies (Note 7)
Shareholders' equity:    
Preferred stock, $.001 par value, 5,100,000 shares and 5,000,000 shares authorized respectively; 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; 20,656,457 and 21,148,692 shares issued and outstanding, respectively 21 21
Additional paid-in capital 17,967 25,146
Retained earnings 78,187 71,555
Total shareholders' equity 96,184 96,731
Total liabilities and shareholders' equity $ 144,795 $ 169,884