v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (1,904) $ (1,198)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 59 100
Forgiveness of PPP loan 0 (723)
Stock-based compensation 327 114
Changes in operating assets and liabilities:    
Accounts receivable (160) (595)
Inventories (447) 60
Deferred consideration 82 76
Prepaid expenses and other current assets 397 (283)
Operating lease right-of-use assets 21 76
Deferred tax asset (139) 0
Accounts payable (558) 99
Accrued expenses and other current liabilities (44) (169)
Withholding tax payable 175 184
Operating lease liabilities (23) (74)
Deferred revenue (1,149) (194)
Net cash used in operating activities (3,363) (2,527)
Cash flows from investing activities:    
Purchases of property and equipment (48) (74)
Deposits (162) 36
Net cash used in investing activities (210) (38)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 0 6,892
Proceeds from exercise of common stock options and purchase warrants 0 216
Payments on PPP Loan (120) 0
Proceeds from debt 15 0
Principal payments on long-term debt (460) (397)
Net cash provided by (used in) financing activities (565) 6,711
Effect of exchange rate on cash and cash equivalents 93 26
Net (decrease) increase in cash and cash equivalents (4,045) 4,172
Cash and cash equivalents, beginning of period 7,396 4,220
Cash and cash equivalents, end of period 3,351 8,392
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 8 $ 8

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