Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Mar. 31, 2011
Current assets    
Cash and cash equivalents $ 572 $ 845
Accounts receivable, net of allowances of $85 and $96, respectively 2,002 2,699
Prepaid expenses and other current assets 350 296
Total current assets 2,924 3,840
Property and equipment, net 298 388
Intangible assets, net 3,251 3,366
Goodwill 6,609 6,609
TOTAL ASSETS 13,082 14,203
Current liabilities    
Accounts payable 3,737 3,807
Accrued license fees 1,428 1,189
Accrued compensation 193 371
Current portion of long term debt 909 115
Other current liabilities 1,033 1,959
Total currrent liabilities 7,300 7,441
Long term debt and convertible debt, net of discount of $1,438 and $1,856, respectively 4,562 4,144
Total liabilities 11,862 11,585
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; 41,274,225 issued and outstanding at March 31, 2011; 41,771,469 issued and outstanding at September 30, 2011; 4 4
Additional paid-in capital 99,798 99,541
Accumulated other comprehensive loss (244) (291)
Accumulated deficit (98,438) (96,736)
Total stockholders' equity 1,220 2,618
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,082 $ 14,203