Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2025	Mar. 31, 2025
Current assets:
Cash and cash equivalents	$ 12,479,000	$ 9,429,000
Short-term investments	2,011,000	1,881,000
Accounts receivable — net	85,532,000	91,064,000
Inventory — net	366,772,000	359,669,000
Contract assets	30,329,000	29,606,000
Prepaid expenses and other current assets	22,259,000	19,822,000
Total current assets	519,382,000	511,471,000
Plant and equipment — net	33,194,000	31,990,000
Operating lease assets	68,281,000	66,603,000
Long-term deferred income taxes	5,504,000	4,569,000
Long-term contract assets	340,529,000	336,268,000
Goodwill and intangible assets — net	3,693,000	3,757,000
Other assets	2,767,000	2,978,000
TOTAL ASSETS	973,350,000	957,636,000
Current liabilities:
Accounts payable and accrued liabilities	176,269,000	172,117,000
Customer finished goods returns accrual	32,926,000	34,411,000
Contract liabilities	49,396,000	38,158,000
Revolving loan	86,856,000	90,787,000
Other current liabilities	4,973,000	5,570,000
Operating lease liabilities	10,196,000	9,982,000
Total current liabilities	360,616,000	351,025,000
Convertible notes, related party	$ 40,844,000	$ 35,207,000
Notes Payable, Noncurrent, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Long-term contract liabilities	$ 240,021,000	$ 241,404,000
Long-term deferred income taxes	488,000	362,000
Long-term operating lease liabilities	63,056,000	65,308,000
Other liabilities	8,212,000	6,631,000
Total liabilities	713,237,000	699,937,000
Commitments and contingencies
Shareholders' equity:
Preferred stock	0	0
Common stock; par value $.01 per share, 50,000,000 shares authorized;19,352,135 and 19,435,706 shares issued and outstanding at June 30, 2025 and March 31, 2025, respectively	194,000	194,000
Additional paid-in capital	232,897,000	234,413,000
Retained earnings	23,075,000	20,033,000
Accumulated other comprehensive income	3,947,000	3,059,000
Total shareholders' equity	260,113,000	257,699,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	973,350,000	957,636,000
Series A Junior Participating Preferred Stock [Member]
Shareholders' equity:
Preferred stock	$ 0	$ 0

MOTORCAR PARTS OF AMERICA INC 10-Q