Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
Current assets    
Cash and cash equivalents $ 8,240 $ 8,799
Accounts receivable, net of allowances of $108 and $108, respectively 1,019 1,190
Prepaid expenses and other current assets 136 120
Total current assets 9,395 10,109
Property and equipment, net 201 230
Intangible assets, net 759 817
Goodwill 3,640 3,640
TOTAL ASSETS 13,995 14,796
Current liabilities    
Accounts payable 3,032 3,051
Accrued license fees 1,049 1,155
Accrued compensation 370 582
Current portion of long term debt, net of discounts of $813 and $0, respectively 2,234 75
Warrant derivative liabilities   452
Other current liabilities 553 705
Total currrent liabilities 7,238 6,020
Long term debt and convertible debt, net of discounts of $980 and $2,147, respectively 1,378 3,077
Total liabilities 8,616 9,097
Commitments and contingencies (Note 16)      
Stockholders' equity    
Preferred stock Series A convertible preferred stock at $0.0001 par value; 100,000 shares authorized,issued and outstanding (liquidation preference of $1,000,000) 100 100
Common stock, $0.0001 par value: 100,000,000 shares authorized; 86,033,859 issued and 82,260,860 outstanding at June 30, 2012; 83,506,945 issued and 79,733,946 outstanding at March 31, 2012; 7 7
Additional paid-in capital 135,702 133,300
Treasury Stock (3,772,999 shares at June 30, 2012 and March 31, 2012) (71) (71)
Accumulated other comprehensive loss (163) (194)
Accumulated deficit (130,196) (127,443)
Total stockholders' equity 5,379 5,699
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,995 $ 14,796