Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Statement of Cash Flows [Abstract]      
Net loss from operations, net of taxes $ (19,697) $ (19,138) $ (24,492)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,660 2,606 7,873
Change in allowance for doubtful accounts 299 48 (495)
Amortization of debt discount and debt issuance costs 1,018 1,256 470
Stock-based compensation 2,655 3,362 5,095
Stock-based compensation for services rendered 323 398 867
Change in fair value of convertible note embedded derivative liability 7,559 (475) 0
Change in fair value of warrant liability 3,208 (147) 0
Loss on extinguishment of debt 1,785 293 0
Impairment of intangible assets 0 757 0
Stock issued for settlement of liability 0 0 283
(Increase) / decrease in assets:      
Restricted cash transferred from operating cash 0 (331) 200
Accounts receivable (7,071) (3,882) (5,097)
Deposits (30) 23 (35)
Deferred tax assets (244) 148 (418)
Prepaid expenses and other current assets (306) 81 (21)
Increase / (decrease) in liabilities:      
Accounts payable 8,108 4,434 3,380
Accrued license fees and revenue share 5,221 (4) 2,713
Accrued compensation 2,445 385 (1,100)
Accrued interest (26) 36 12
Other current liabilities 78 (1,323) (806)
Other non-current liabilities (695) (116) 0
Net cash provided by / (used in) operating activities - continuing operations 7,290 (11,589) (11,571)
Net cash provided by / (used in) operating activities - discontinued operations (324) 4,594 4,502
Net cash provided by (used in) operating activities 6,966 (6,995) (7,069)
Cash flows from investing activities      
Capital expenditures (1,992) (1,418) (1,549)
Proceeds from sale of cost method investment in Sift 0 999 0
Net cash proceeds from cost method investment in Sift 0 0 875
Net cash provided by / (used in) investing activities - continuing operations (1,992) (419) (674)
Net cash provided by / (used in) investing activities - discontinued operations (142) (177) 0
Net cash provided by / (used in) investing activities - continuing operations (2,134) (596) (674)
Cash flows from financing activities      
Cash received from issuance of convertible notes 0 16,000 0
Proceeds from short-term borrowings 2,500 0 0
Payment of debt issuance costs (346) (2,383) 0
Options exercised 337 11 51
Warrants exercised 350 0 0
Repayment of debt obligations (1,098) (11,000) (600)
Stock issued for cash in stock offering, net 0 0 12,627
Net cash provided by financing activities 1,743 2,628 12,078
Effect of exchange rate changes on cash (4) (119) (173)
Net change in cash 6,571 (5,082) 4,162
Cash, beginning of period 6,149 11,231 7,069
Cash, end of period 12,720 6,149 11,231
Supplemental disclosure of cash flow information      
Interest paid 1,071 1,406 1,101
Supplemental disclosure of non-cash financing activities      
Common stock of the Company issued for extinguishment of debt 14,632 0 0
Cashless exercise of warrants to purchase common stock of the Company $ 10 $ 0 $ 566