Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,236 $ 3,128
Accounts receivable, net 2,405 2,898
Inventories, net 3,143 2,719
Prepaid expenses and other current assets 1,387 3,541
Current portion of deferred consideration, net of discount 209 262
Total current assets 12,380 12,548
Property and equipment, net 215 365
Operating lease, right of use assets 119 286
Deferred tax asset 760 1,145
Deferred consideration, net of discount, less current portion 121 330
Other assets 73 66
Total assets 13,668 14,740
Current liabilities:    
Accounts payable 1,395 607
Accrued expenses and other current liabilities 1,916 2,113
Deferred revenue, current portion 302 478
Short-term debt 0 323
Operating lease liabilities, current portion 90 198
Total current liabilities 3,703 3,719
Deferred revenue, net of current portion 30 87
Withholding tax payable 5,036 4,710
Operating lease liabilities, less current portion 29 87
Total liabilities 8,798 8,603
Commitments and Contingencies (Note 5)  
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 714,286 shares authorized at December 31, 2024 and March 31, 2024, no shares issued and outstanding at December 31, 2024 and March 31, 2024 0 0
Common stock, $0.0001 par value; 50,000,000 and 24,000,000 shares authorized at December 31, 2024 and March 31, 2024, respectively, 1,615,765 and 780,371 shares issued and outstanding at December 31, 2024 and March 31, 2024, respectively (Note 1) (Note 7) 0 0
Additional paid-in capital 206,454 203,209
Accumulated deficit (197,030) (194,349)
Accumulated other comprehensive loss (4,554) (2,723)
Total stockholders’ equity 4,870 6,137
Total liabilities and stockholders’ equity $ 13,668 $ 14,740