Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.5.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities      
Net loss $ (28,032) $ (24,647) $ (18,704)
Adjustments to reconcile net loss to net cash used in operating activities:      
Loss on disposal of discontinued operations, net of taxes 0 0 820
Depreciation and amortization 10,974 2,108 1,856
Change in allowance for doubtful accounts (234) 698 0
Amortization of debt discount 470 34 187
Accrued interest 12 77 109
Finance costs 0 0 1,173
Fair value of financing costs related to conversion options 0 0 470
Stock-based compensation 5,095 5,850 1,938
Stock-based compensation related to restricted stock for services rendered 867 490 2,755
Warrants issued for services 0 0 406
Stock issued as settlement of debt with a supplier 0 0 24
Settlement of debt with a supplier 0 0 51
Revaluation of contingent liability 0 0 (603)
Impairment of intangibles 0 0 154
Increase in fair value of derivative liabilities 0 0 811
Stock issued for settlement of liability 283 0 0
(Increase)/decrease in assets:      
Restricted cash transferred to/(from) operating cash 200 0 (200)
Accounts receivable (5,111) (406) (734)
Deposits (104) (63) 523
Deferred tax assets (418) 3,156 0
Deferred financing costs (128) 0 0
Prepaid expenses and other current assets 57 (142) (2,566)
Increase/(decrease) in liabilities:      
Accounts payable 7,308 (379) (893)
Accrued license fees and revenue share 2,789 2,988 737
Accrued compensation (831) 325 650
Other liabilities and other items (266) (4,589) 3,229
Net cash used in operating activities (7,069) (14,500) (7,807)
Cash flows from investing activities      
Purchase and disposal of property and equipment, net (1,549) (67) (207)
Settlement of contingent liability 0 (49) 0
Cash used in acquisition of assets 0 (2,125) 0
Net cash from investment in Sift 875 0 0
Cash used in acquisition of subsidiary 0 0 (1,287)
Cash acquired with acquisition of subsidiary 0 1,363 513
Net cash used in investing activities (674) (878) (981)
Cash flows from financing activities      
Stock issued for cash in stock offering, net 12,627 0 33,297
Repayment of debt obligations (600) 0 (3,657)
Options exercised 51 136 0
Warrant exercised 0 375 0
Net cash provided by financing activities 12,078 511 29,640
Effect of exchange rate changes on cash and cash equivalents (173) 131 (196)
Net change in cash and cash equivalents 4,162 (14,736) 20,656
Cash and cash equivalents, beginning of year 7,069 21,805 1,149
Cash and cash equivalents, end of year 11,231 7,069 21,805
Interest paid 1,011 0 0
Contingency earn out on acquisition of subsidiary, net of discount 0 0 238
Common stock of the Company issued for acquisition of subsidiary 0 75,035 4,449
Cashless exercise of options to purchase common stock of the Company 0 0 854
Cashless exercise of warrants to purchase common stock of the Company $ 566 $ 0 $ 5,914