Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.24.1.1.u2
Revenue Recognition (Tables)
12 Months Ended
Mar. 31, 2022
Revenue Recognition  
Schedule of disaggregated revenue by business group

The following table presents disaggregated revenue by business group (in thousands):

​

​

​

​

​

​

​

​

​

Year Ended March 31,

​

​

2022

​

2021

​

    

(Restated)

    

(Restated)

Microturbine Products

​

$

31,367

​

$

34,367

Accessories

​

​

1,353

​

​

2,284

Total Product and Accessories

​

​

32,720

​

​

36,651

Parts and Service(1)

​

 

31,244

​

 

30,956

Total Revenue

​

$

63,964

​

$

67,607

(1) $0.3 million and $0.1 million of parts and service revenue reported were non-ASC-606 revenue related to the labor reimbursement of FPP contracts as of March 31, 2022 and 2021, respectively.
Summary of geographic revenue information based on primary operation location of customer

Following is the geographic revenue information based on the primary operating location of the Company’s customers (in thousands):

​

​

​

​

​

​

​

​

​

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

Schedule of changes in deferred revenue

​

​

​

​

​

​

​

​

​

​

March 31, 2022

​

March 31, 2021

​

​

​

(Restated)

​

(Restated)

​

Opening balance, beginning of the period

​

$

12,587

​

$

15,376

​

Closing balance, end of the period

​

$

15,816

​

$

12,587

​

Revenue recognized in the period from:

​

​

​

​

​

​

​

Amounts included in contract liability at the beginning of the period

​

$

11,303

​

$

11,998

​