Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 20,869 $ 25,457
Accounts receivable (net of allowance of $100 at both March 31, 2020 and 2019) 4,047 6,865
Inventories 6,807 9,801
Prepaid expenses and other current assets 1,298 1,706
Total current assets 33,021 43,829
Non-current assets:    
Land, property and equipment, gross 7,987 8,109
Less accumulated depreciation and amortization (6,911) (6,811)
Land, property and equipment, net 1,076 1,298
Intangible assets, net 2,728 3,278
Operating Lease, Right-of-Use Asset 628  
Other non-current assets 73 492
Total assets 37,526 48,897
Current liabilities:    
Accounts payable 1,065 2,313
Accrued expenses 3,136 3,567
Deferred revenue 1,099 1,217
Total current liabilities 5,300 7,097
Deferred revenue non-current 221 444
Other non-current liabilities 344 176
Total liabilities 5,865 7,717
Commitments and contingencies (see Note 7)
Stockholders’ equity:    
Preferred stock, par $0.01, Authorized – 1,000,000 shares Issued and outstanding – none 0 0
Additional paid-in capital 419,630 418,859
Treasury stock at cost – 5,215,453 and 5,122,414 shares at March 31, 2020 and 2019, respectively (37,326) (37,135)
Accumulated deficit (350,800) (340,698)
Total stockholders’ equity 31,661 41,180
Total liabilities and stockholders’ equity 37,526 48,897
Class A Common Stock [Member]    
Stockholders’ equity:    
Common stock, value 122 119
Class B Common Stock [Member]    
Stockholders’ equity:    
Common stock, value $ 35 $ 35