Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (1,753) $ (2,902)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 74 90
Stock-based compensation 121 307
Deferred income taxes 188 144
Changes in operating assets and liabilities:    
Accounts receivable, net (427) 375
Inventories, net (370) 403
Prepaid expenses and other current assets 1,134 47
Deferred consideration 99 104
Operating lease, right-of-use assets 102 79
Accounts payable 219 132
Accrued expenses and other current liabilities 62 (353)
Deferred revenue (128) (31)
Withholding tax payable 223 238
Operating lease liabilities (102) (79)
Net cash used in operating activities (558) (1,446)
Cash flows from investing activities:    
Purchases of property and equipment (31) (19)
Net cash used in investing activities (31) (19)
Cash flows from financing activities:    
Proceeds (costs) from issuance of common stock, net of offering expenses 2,289 (5)
Proceeds from exercise of employee stock options 33 0
Payments for fractional shares related to reverse-split (1) 0
Principal payments on short-term debt (241) (259)
Net cash provided by (used in) financing activities 2,080 (264)
Effect of exchange rate on cash and cash equivalents (541) 46
Net increase (decrease) in cash and cash equivalents 950 (1,683)
Cash and cash equivalents, beginning of period 3,128 3,820
Cash and cash equivalents, end of period 4,078 2,137
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 8 $ 10