Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies and Going Concern (Tables)

v3.24.1.1.u2
Summary of Significant Accounting Policies and Going Concern (Tables)
12 Months Ended
Mar. 31, 2022
Summary of Significant Accounting Policies and Going Concern  
Schedule of changes in the accounts receivable allowances

​

​

​

​

​

​

Balance, April 1, 2020 (Restated)

​

$

522

​

Reductions charged to costs and expenses

​

 

(228)

​

Bad debt write-off

​

 

(97)

​

Balance, March 31, 2021 (Restated)

​

$

197

​

Additions charged to costs and expenses

​

 

391

​

Bad debt write-off

​

 

(2)

​

Balance, March 31, 2022 (Restated)

​

$

586

​

​

Schedule of geographic revenue information based on the primary operating location of the Company's customers

​

​

​

​

​

​

​

​

​

​

Year Ended March 31,

 

​

​

2022

    

2021

​

​

    

(Restated)

    

(Restated)

 

United States

​

$

30,269

​

$

33,332

​

Mexico

​

 

3,706

​

 

3,836

​

All other North America

​

 

600

​

 

304

​

Total North America

​

 

34,575

​

 

37,472

​

Russia

​

 

3,381

​

 

3,107

​

All other Europe

​

​

10,872

​

​

13,026

​

Total Europe

​

​

14,253

​

​

16,133

​

Asia

​

 

5,978

​

 

6,342

​

Australia

​

 

4,195

​

 

3,297

​

All other

​

 

4,963

​

 

4,363

​

Total Revenue

​

$

63,964

​

$

67,607

​

Summary of Company's revenue by product

The following table summarizes the Company’s revenue by product (in thousands):

​

​

​

​

​

​

​

​

​

​

Year Ended March 31,

 

​

    

2022

    

2021

 

​

    

(Restated)

    

(Restated)

 

C30

​

$

1,101

​

$

1,009

​

C65

​

 

8,763

​

 

9,989

​

C200

​

 

3,213

​

 

2,619

​

C600

​

 

6,899

​

 

6,707

​

C800

​

 

4,935

​

 

3,069

​

C1000

​

 

6,456

​

 

10,974

​

Microturbine Products

​

$

31,367

​

$

34,367

​

Accessories

​

​

1,353

​

​

2,284

​

Total Product and Accessories

​

​

32,720

​

​

36,651

​

Parts and Service

​

 

31,244

​

 

30,956

​

Total Revenue

​

$

63,964

​

$

67,607

​