Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 3,605 $ 5,374
Accounts receivable, net 2,602 2,232
Inventories, net 3,802 2,915
Prepaid expenses and other current assets 2,868 1,915
Current portion of deferred consideration, net of discount 230 212
Total current assets 13,107 12,648
Property and equipment, net 301 225
Operating lease, right of use assets 536 84
Deferred tax asset, net 546 589
Deferred consideration, net of discount, less current portion 24 73
Other assets 80 74
Total assets 14,594 13,693
Current liabilities:    
Accounts payable 2,046 953
Accrued expenses and other current liabilities 1,836 2,224
Deferred revenue, current portion 731 641
Short-term debt 139 220
Operating lease liabilities, current portion 96 58
Total current liabilities 4,848 4,096
Deferred revenue, net of current portion 4 17
Withholding tax payable 5,246 5,142
Operating lease liabilities, less current portion 440 27
Total liabilities 10,538 9,282
Commitments and Contingencies (Note 5)  
Stockholders’ Equity:    
Convertible preferred stock, $0.0001 par value; 714,286 shares authorized at June 30, 2025 and March 31, 2025, no shares issued and outstanding at June 30, 2025 and March 31, 2025 0 0
Common stock, $0.0001 par value; 50,000,000 shares authorized at June 30, 2025 and March 31, 2025, 1,642,765 and 1,634,265 shares issued and outstanding at June 30, 2025 and March 31, 2025, respectively (Note 1) 0 0
Additional paid-in capital 206,673 206,593
Accumulated deficit (199,047) (197,806)
Accumulated other comprehensive loss (3,570) (4,376)
Total stockholders’ equity 4,056 4,411
Total liabilities and stockholders’ equity $ 14,594 $ 13,693