Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Mar. 31, 2015
Current assets    
Cash and cash equivalents $ 13,679 $ 7,069
Restricted cash 0 200
Accounts receivable, net of allowances of $724 and $698, respectively 16,743 12,174
Deposits 178 109
Deferred financing costs 174 0
Prepaid expenses and other current assets 600 640
Total current assets 31,374 20,192
Property and equipment, net 1,500 614
Investment in Sift 999 0
Deferred tax assets 82 82
Intangible assets, net 14,569 24,936
Goodwill 76,621 76,747
TOTAL ASSETS 125,145 122,571
Current liabilities    
Accounts payable 13,720 8,118
Accrued license fees and revenue share 10,169 6,833
Accrued compensation 1,347 2,184
Current portion of long-term debt 3,150 3,600
Deferred tax liabilities 558 217
Other current liabilities 1,945 3,000
Total current liabilities 30,889 23,952
Long-term debt, net of discounts of $555 and $910, respectively 7,445 7,090
Total liabilities 38,334 31,042
Stockholders' equity    
Preferred stock 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; 66,808,975 issued and 66,074,519 outstanding at December 31, 2015; 57,917,565 issued and 57,162,967 outstanding at March 31, 2015 8 7
Additional paid-in capital 293,988 276,500
Treasury stock 754,599 shares at December 31, 2015 and March 31, 2015 (71) (71)
Accumulated other comprehensive loss (55) (52)
Accumulated deficit (207,159) (184,955)
Total stockholders' equity 86,811 91,529
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 125,145 $ 122,571