Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (1,241) $ (1,143)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 36 39
Stock-based compensation 57 107
Deferred income tax expense 93 122
Operating lease right-of-use asset (448) 55
Changes in operating assets and liabilities:    
Accounts receivable, net (216) (470)
Inventories, net (652) (114)
Prepaid expenses and other current assets (819) 59
Deferred consideration, net of discount 55 53
Accounts payable 1,026 182
Accrued expenses and other current liabilities (484) 186
Withholding tax payable 104 112
Operating lease liabilities 448 (55)
Deferred revenue 26 (45)
Net cash used in operating activities (2,015) (912)
Cash flows from investing activities:    
Purchases of property and equipment (106) (5)
Net cash used in investing activities (106) (5)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering expenses 0 748
Proceeds from exercise of employee stock options 23 7
Principal payments on short-term debt (81) (119)
Net cash (used in) provided by financing activities (58) 636
Effect of exchange rate on cash and cash equivalents 410 (258)
Net decrease in cash and cash equivalents (1,769) (539)
Cash and cash equivalents, beginning of period 5,374 3,128
Cash and cash equivalents, end of period 3,605 2,589
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 3 $ 5