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
Dec. 31, 2011
Mar. 31, 2011
Current assets    
Cash and cash equivalents $ 7,406 $ 845
Accounts receivable, net of allowances of $67 and $96, respectively 1,945 2,699
Prepaid expenses and other current assets 376 296
Total current assets 9,727 3,840
Property and equipment, net 265 388
Intangible assets, net 3,193 3,366
Goodwill 6,609 6,609
TOTAL ASSETS 19,794 14,203
Current liabilities    
Accounts payable 2,939 3,807
Accrued license fees 1,259 1,189
Accrued compensation 156 371
Current portion of long term debt and convertible debt, net of discounts of $6,942 and $0, respectively 169 273
Other current liabilities 964 1,261
Total currrent liabilities 20,546 7,124
Long term debt and convertible debt, net of discounts of $1,228 and $1,856, respectively 5,735 4,461
Long term embedded conversion option liabilities 11,045  
Total liabilities 37,326 11,585
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; 51,271,469 issued and outstanding at December 31, 2011; 41,274,225 issued and outstanding at March 31, 2011; 5 4
Additional paid-in capital 87,877 99,541
Accumulated other comprehensive loss (198) (291)
Accumulated deficit (105,316) (96,736)
Total stockholders' (deficit) / equity (17,532) 2,618
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 19,794 14,203
Embedded conversion option
    
Current liabilities    
Derivative liabilities 6,068  
Warrant
    
Current liabilities    
Derivative liabilities $ 8,991 $ 223