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

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (3,175) $ (3,457)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 139 138
Stock-based compensation 255 224
Deferred income tax (benefit) expense (231) 357
Operating lease right-of-use asset (515) 174
Changes in operating assets and liabilities:    
Accounts receivable, net (122) 434
Inventories, net (465) (388)
Prepaid expenses and other current assets (1,312) 1,086
Deferred consideration, net of discount 237 194
Accounts payable 871 416
Accrued expenses and other current liabilities (100) 295
Withholding tax payable 422 432
Operating lease liabilities 515 (174)
Deferred revenue (452) 181
Net cash used in operating activities (3,933) (88)
Cash flows from investing activities:    
Purchases of property and equipment (192) (80)
Net cash used in investing activities (192) (80)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering expenses 427 3,079
Proceeds from exercise of employee stock options 44 82
Payments for fractional shares related to reverse-split 0 (1)
Principal payments on short-term debt (271) (404)
Insurance premiums financed 277 274
Net cash provided by financing activities 477 3,030
Effect of exchange rate on cash and cash equivalents 673 (616)
Net (decrease) increase in cash and cash equivalents (2,975) 2,246
Cash and cash equivalents, beginning of year 5,374 3,128
Cash and cash equivalents, end of year 2,399 5,374
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 6 $ 11