Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 4,609 $ 2,399
Accounts receivable, net 3,582 2,527
Inventories, net 3,508 3,651
Prepaid expenses and other current assets 3,644 3,523
Total current assets 15,343 12,100
Property and equipment, net 294 310
Operating lease, right of use assets 522 602
Deferred tax asset, net 880 884
Other assets 64 64
Total assets 17,103 13,960
Current liabilities:    
Accounts payable 1,552 1,923
Accrued expenses and other current liabilities 2,598 2,252
Deferred revenue 45 284
Short-term debt 57 222
Operating lease liabilities, current portion 163 151
Total current liabilities 4,415 4,832
Withholding tax payable 5,692 5,564
Operating lease liabilities, less current portion 382 469
Total liabilities 10,489 10,865
Commitments and Contingencies (Note 5)  
Stockholders’ Equity:    
Convertible preferred stock, $0.0001 par value; 714,286 shares authorized at September 30, 2026 and March 31, 2026, respectively, no shares issued and outstanding at September 30, 2026 and March 31, 2026 0 0
Common stock, $0.0001 par value; 50,000,000 shares authorized at September 30, 2026 and March 31, 2026, 5,057,755, and 1,799,057 shares issued and outstanding at September 30, 2026 and March 31, 2026, respectively 0 0
Additional paid-in capital 211,323 207,319
Accumulated deficit (201,377) (200,981)
Accumulated other comprehensive loss (3,332) (3,243)
Total stockholders’ equity 6,614 3,095
Total liabilities and stockholders’ equity $ 17,103 $ 13,960