Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net loss $ (1,572,000) $ (8,576,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 212,000 347,000
Stock-based compensation 537,000 1,275,000
Service provider fees settled with common stock 0 59,000
Changes in operating assets and liabilities:    
Accounts receivable (1,506,000) (1,628,000)
Inventories 630,000 (514,000)
Prepaid expenses and other current assets (214,000) 75,000
Operating lease rights-of-use assets 384,000 0
Accounts payable 884,000 (150,000)
Accrued expenses and other current liabilities (86,000) 150,000
Operating lease liabilities (402,000) 0
Deferred revenue 133,000 (9,000)
Net cash used in operating activities (1,000,000) (8,971,000)
Cash flows from investing activities:    
Purchases of property and equipment (86,000) (86,000)
Deposits 50,000 (37,000)
Net cash used in investing activities (36,000) (123,000)
Cash flows from financing activities:    
Net proceeds from sale of common stock in connection with at market issuances 1,376,000 957,000
Proceeds from sale of common stock and preferred stock units 0 4,742,000
Proceeds from common stock liability 0 270,000
Principal payments on capital leases (13,000) (109,000)
Principal payments on long-term debt (334,000) (288,000)
Net cash used in financing activities 1,029,000 5,572,000
Effect of exchange rate on cash and cash equivalents 45,000 (48,000)
Net decrease in cash and cash equivalents 38,000 (3,570,000)
Cash and cash equivalents, beginning of period 3,689,000 10,066,000
Cash and cash equivalents, end of period 3,727,000 6,496,000
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 1,000 $ 26,000