v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (3,950) $ (3,308)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 227 312
Provision for (recovery of) doubtful accounts (903) 1,004
Provision for discounts, rebates, distributor fees and returns 259 787
Provision for obsolete inventory 0 526
Stock-based compensation 371 839
Operating lease right-of-use asset 0 464
Loss on disposal of equipment 0 18
Gain on sale of assets (770) (3,572)
Changes in operating assets and liabilities:    
Accounts receivable 2,608 (2,190)
Inventories (65) 323
Deferred consideration, net of discount 143 (217)
Prepaid expenses and other current assets (5) (19)
Accounts payable (796) 336
Accrued expenses and other current liabilities (668) 330
Withholding tax payable 397 362
Operating lease liabilities (215) (489)
Deferred revenue (15) (97)
Net cash used in operating activities (3,378) (4,591)
Cash flows from investing activities:    
Purchases of property and equipment (179) (206)
Deposits (43) 50
Proceeds from Invekra 0 2,700
Proceeds from Micromed Transaction 610 1,100
Net cash provided by investing activities 388 3,644
Cash flows from financing activities:    
Proceeds from sale of common stock net of offering costs 0 1,376
Proceeds from PPP Loan 1,310 0
Proceeds from exercise of common stock options and warrants 2,287 0
Principal payments on long-term debt (481) (334)
Benefit from lease assumed less principal payments on ROU assets 192 (13)
Net cash provided by financing activities 3,308 1,029
Effect of exchange rate on cash and cash equivalents 211 (80)
Net increase in cash and cash equivalents 529 2
Cash and cash equivalents, beginning of year 3,691 3,689
Cash and cash equivalents, end of year 4,220 3,691
Supplemental disclosure of cash flow information:    
Cash paid for interest 12 16
Cash paid for taxes 941 0
Non-cash operating and financing activities:    
Insurance premiums financed $ 596 $ 481

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