Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,589 $ 3,128
Accounts receivable, net 3,247 2,898
Inventories, net 2,658 2,719
Prepaid expenses and other current assets 3,196 3,541
Current portion of deferred consideration, net of discount 237 262
Total current assets 11,927 12,548
Property and equipment, net 302 365
Operating lease, right of use assets 216 286
Deferred tax asset 921 1,145
Deferred consideration, net of discount, less current portion 246 330
Other assets 61 66
Total assets 13,673 14,740
Current liabilities:    
Accounts payable 751 607
Accrued expenses and other current liabilities 2,228 2,113
Deferred revenue, current portion 413 478
Short-term debt 204 323
Operating lease liabilities, current portion 155 198
Total current liabilities 3,751 3,719
Deferred revenue, net of current portion 64 87
Withholding tax payable 4,822 4,710
Operating lease liabilities, less current portion 61 87
Total liabilities 8,698 8,603
Commitments and Contingencies (Note 5)
Stockholders’ Equity:    
Convertible preferred stock, $0.0001 par value; 714,286 shares authorized at June 30, 2024 and March 31, 2024, respectively, no shares issued and outstanding at June 30, 2024 and March 31, 2024, respectively 0 0
Common stock, $0.0001 par value; 24,000,000 shares authorized at June 30, 2024 and March 31, 2024, respectively, 19,004,393 and 15,607,433 shares issued and outstanding at June 30, 2024 and March 31, 2024, respectively (Note 7) 2 2
Additional paid-in capital 204,069 203,207
Accumulated deficit (195,492) (194,349)
Accumulated other comprehensive loss (3,604) (2,723)
Total stockholders’ equity 4,975 6,137
Total liabilities and stockholders’ equity $ 13,673 $ 14,740