Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Mar. 31, 2015
Current assets    
Cash and cash equivalents $ 6,180 $ 7,069
Restricted cash 200 200
Accounts receivable, net of allowances of $567 and $698, respectively 12,659 12,174
Deposits 114 109
Prepaid expenses and other current assets 570 640
Total current assets 19,723 20,192
Property and equipment, net 878 614
Deferred tax assets 82 82
Intangible assets, net 22,772 24,936
Goodwill 76,801 76,747
TOTAL ASSETS 120,256 122,571
Current liabilities    
Accounts payable 10,693 8,118
Accrued license fees and revenue share 7,796 6,833
Accrued compensation 2,260 2,184
Current portion of long term debt 3,450 3,600
Deferred tax liabilities 719 217
Other current liabilities 3,139 3,000
Total current liabilities 28,057 23,952
Long term debt, net of discounts of $793 and $910, respectively 7,207 7,090
Total liabilities 35,264 31,042
Stockholders' equity    
Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1,000) 100 100
Common stock, $0.0001 par value: 200,000,000 shares authorized; 57,899,899 issued and 57,165,443 outstanding at June 30, 2015; 57,917,565 issued and 57,162,967 outstanding at March 31, 2015; 7 7
Additional paid-in capital 278,131 276,500
Treasury stock (754,599 shares at June 30, 2015 and March 31, 2015) (71) (71)
Accumulated other comprehensive loss (101) (52)
Accumulated deficit (193,074) (184,955)
Total stockholders' equity 84,992 91,529
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 120,256 $ 122,571