Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net (loss) $ (2,753) $ (771)
Adjustments to reconcile net (loss) to net cash used in operating activities:    
Depreciation and amortization 87 129
Amortization of debt discount 354 208
Interest accrued 106  
Stock-based compensation 122 69
Increase / (decrease) in fair value of derivative liabilities 21  
(Increase) / decrease in assets:    
Accounts receivable 171 392
Prepaid expenses and other current assets (16) (8)
Increase / (decrease) in liabilities:    
Accounts payable (19) (423)
Accrued license fees (106) 132
Accrued compensation (212) (132)
Other liabilities and other items (152) 38
Net cash used in operating activities (1,590) (269)
Cash flows from investing activities    
Purchase of property and equipment   (34)
Net cash used in investing activities   (34)
Cash flows from financing activities    
Issuance of shares for cash 1,000  
Net cash provided by financing activities 1,000  
Effect of exchange rate changes on cash and cash equivalents 31 106
Net change in cash and cash equivalents (559) (197)
Cash and cash equivalents, beginning of period 8,799 845
Cash and cash equivalents, end of period 8,240 648
Supplemental disclosure of cash flow information:    
Taxes paid   31
Interest paid   367
Service provider
    
Adjustments to reconcile net (loss) to net cash used in operating activities:    
Issuance of common stock and warrants   15
Services
    
Adjustments to reconcile net (loss) to net cash used in operating activities:    
Issuance of common stock and warrants $ 929 $ 82