Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,399 $ 5,374
Accounts receivable, net 2,527 2,232
Inventories, net 3,651 2,915
Prepaid expenses and other current assets 3,436 1,915
Current portion of deferred consideration, net of discount 87 212
Total current assets 12,100 12,648
Property and equipment, net 310 225
Operating lease, right of use assets 602 84
Deferred tax asset, net 884 589
Deferred consideration, net of discount, less current portion 0 73
Other assets 64 74
Total assets 13,960 13,693
Current liabilities:    
Accounts payable 1,923 953
Accrued expenses and other current liabilities 2,252 2,224
Deferred revenue, current portion 284 641
Short-term debt 222 220
Operating lease liabilities, current portion 151 58
Total current liabilities 4,832 4,096
Deferred revenue, net of current portion 0 17
Withholding tax payable 5,564 5,142
Operating lease liabilities, less current portion 469 27
Total liabilities 10,865 9,282
Commitments and Contingencies (Note 11)
Stockholders’ Equity:    
Convertible preferred stock, $0.0001 par value; 714,286 shares authorized at March 31, 2026 and 2025, respectively, no shares issued and outstanding at March 31, 2026 and 2025 0 0
Common stock, $0.0001 par value; 50,000,000 shares authorized at March 31, 2026 and 2025, 1,799,057 and 1,634,265 shares issued and outstanding at March 31, 2026 and 2025, respectively (Note 1) (Note 12) 0 0
Additional paid-in capital 207,319 206,593
Accumulated deficit (200,981) (197,806)
Accumulated other comprehensive loss (3,243) (4,376)
Total stockholders’ equity 3,095 4,411
Total liabilities and stockholders’ equity $ 13,960 $ 13,693