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

CONSOLIDATED STATEMENTS OF CASH FLOWS

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash Flows from Operating Activities:
Net income (loss)	$ 2,825	$ (7,190)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	4,281	3,858
Amortization of financing costs and discounts	105	71
Paid-in-kind interest expense	1,365	3,199
Interest related to deferred acquisition costs	229
Non-cash lease expense	2,862	3,996
Provision for credit losses	151	823
Inventory write-down	480	900
Provision (benefit) for warranty expenses	195	(184)
Loss on disposal of equipment		67
Stock-based compensation (excludes $11 thousand recorded directly to equity; see Note 14)	777	262
Changes in operating assets and liabilities:
Accounts receivable	(7,051)	(2,083)
Inventories	(4,150)	7,628
Lease receivable	(591)	(1,288)
Prepaid expenses, other current assets and other assets	149	2,128
Accounts payable	5,173	(1,002)
Accrued expenses	1,810	(268)
Operating lease liability, net	(2,972)	(4,041)
Accrued salaries and wages and long-term liabilities	(332)	(94)
Accrued warranty reserve	(294)	(183)
Deferred revenue	138	2,092
Deposits	(6,121)
Factory protection plan liability	(1,558)	(1,003)
Net cash (used in) provided by operating activities	(2,529)	7,688
Cash Flows from Investing Activities:
Cash acquired in acquisitions, net of cash paid	410
Payment of deferred acquisition costs	(500)
Expenditures for property, plant, equipment and rental assets	(835)	(879)
Net cash used in investing activities	(925)	(879)
Cash Flows from Financing Activities:
Proceeds from the issuance of common stock and warrants	43,660
Shares withheld related to employee tax withholding obligations	(512)
Payment of Exit Note, net	(8,331)
Settlement of redeemable noncontrolling interests	(83,465)
Issuance of new redeemable preferred stock	73,936
Repayment of finance lease obligations	(1,611)	(223)
Net cash provided by (used in) financing activities	23,677	(223)
Net increase in cash, cash equivalents, and restricted cash	20,223	6,586
Cash, cash equivalents, and restricted cash, Beginning of Period	8,671	2,085
Cash, cash equivalents, and restricted cash, End of Period	28,894	8,671
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:
Interest	2,369	533
Supplemental Disclosures of Cash Flow Information - Cash paid during the period for:
Income taxes	101	126
Supplemental Disclosures of Non-Cash Information:
Right-of-use assets obtained in exchange for operating lease obligations	4,729
Right-of-use assets obtained in exchange for finance lease obligations	1,101
Settlement of lease obligations with accounts receivable due	360	775
Rental assets transferred to inventory		3,067
Conversion of inventory to rental assets	0	0
Sales type lease	333	981
Operating lease modified to finance lease	614
Accounts payable negotiated in lease modification	$ 1,289
Acquisition of treasury stock by incurring a liability		$ 46