Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities      
Net loss $ (24,264) $ (28,032) $ (24,647)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 8,170 10,974 2,108
Change in allowance for doubtful accounts 133 (234) 698
Amortization of debt discount and debt issuance costs 1,256 470 34
Accrued interest 36 12 77
Stock-based compensation 3,748 5,095 5,850
Restricted shares and warrants compensation for services rendered 398 867 490
Change in fair value of convertible note embedded derivative liability (475) 0 0
Change in fair value of warrant liability (147) 0 0
Loss on extinguishment of debt 293 0 0
Impairment of intangible assets 757 0 0
Stock issued for settlement of liability 0 283 0
(Increase) / decrease in assets:      
Restricted cash transferred to / (from) operating cash (331) 200 0
Accounts receivable 833 (5,111) (406)
Deposits 92 (104) (63)
Deferred tax assets 148 (418) 3,156
Prepaid expenses and other current assets 73 57 (142)
Increase / (decrease) in liabilities:      
Accounts payable 4,568 7,308 (379)
Accrued license fees and revenue share (1,093) 2,789 2,988
Accrued compensation (280) (831) 325
Other current liabilities (879) (394) (4,589)
Other non-current liabilities (31) 0 0
Net cash used in operating activities (6,995) (7,069) (14,500)
Cash flows from investing activities      
Capital expenditures (1,595) (1,549) (67)
Settlement of contingent liability 0 0 (49)
Cash used in acquisition of assets 0 0 (2,125)
Proceeds from sale of cost method investment in Sift 999 0 0
Net cash proceeds from cost method investment in Sift 0 875 0
Cash acquired with acquisition of subsidiary 0 0 1,363
Net cash used in investing activities (596) (674) (878)
Cash flows from financing activities      
Cash received from issuance of convertible notes 16,000 0 0
Repayment of debt obligations (11,000) (600) 0
Payment of debt issuance costs (2,383) 0 0
Options exercised 11 51 136
Warrants exercised 0 0 375
Stock issued for cash in stock offering, net 0 12,627 0
Net cash provided in financing activities 2,628 12,078 511
Effect of exchange rate changes on cash (119) (173) 131
Net change in cash (5,082) 4,162 (14,736)
Cash, beginning of period 11,231 7,069 21,805
Cash, end of period 6,149 11,231 7,069
Interest paid 1,406 1,011 0
Common stock of the Company issued for acquisition of subsidiary 0 0 75,035
Cashless exercise of warrants to purchase common stock of the Company $ 0 $ 566 $ 0