Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (2,902) $ (1,904)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 90 59
Stock-based compensation 307 327
Deferred tax asset 144 (139)
Changes in operating assets and liabilities:    
Accounts receivable 375 (160)
Inventories 403 (447)
Deferred consideration 104 82
Prepaid expenses and other current assets 47 397
Operating lease right-of-use assets 79 21
Accounts payable 132 (558)
Accrued expenses and other current liabilities (353) (44)
Withholding tax payable 238 175
Operating lease liabilities (79) (23)
Deferred revenue (31) (1,149)
Net cash used in operating activities (1,446) (3,363)
Cash flows from investing activities:    
Purchases of property and equipment (19) (48)
Deposits 0 (162)
Net cash used in investing activities (19) (210)
Cash flows from financing activities:    
Payment on ATM agreement offering (5) 0
Payments on PPP Loan 0 (120)
Proceeds from debt 0 15
Principal payments on short-term debt (259) (460)
Net cash used in financing activities (264) (565)
Effect of exchange rate on cash and cash equivalents 46 93
Net decrease in cash and cash equivalents (1,683) (4,045)
Cash and cash equivalents, beginning of period 3,820 7,396
Cash and cash equivalents, end of period 2,137 3,351
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 10 $ 8