Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Net revenues $ 1,957 $ 2,048 $ 5,788 $ 6,983
Cost of revenues        
License fees 733 1,172 1,885 2,747
Other direct cost of revenues 57 86 172 259
Total cost of revenues 790 1,258 2,057 3,006
Gross profit 1,167 790 3,731 3,977
Operating expenses        
Product development 430 929 1,578 3,063
Sales and marketing 204 597 660 1,647
General and administrative 6,648 1,318 8,764 4,266
Amortization of intangible assets   18   54
Impairment of goodwill and intangible assets   6,028   6,028
Total operating expenses 7,282 8,890 11,002 15,058
Loss from operations (6,115) (8,100) (7,271) (11,081)
Interest and other income / (expense)        
Interest expense (1,693) (358) (2,438) (1,397)
Foreign exchange transaction gain / (loss) (71) 42 (54) (127)
Other income / (expense) 1,033 (30) 1,247 (372)
Interest and other expense (731) (346) (1,245) (1,896)
Loss from operations before income taxes (6,846) (8,446) (8,516) (12,977)
Income tax provision (32) (45) (64) (178)
Net loss from continuing operations net of taxes (6,878) (8,491) (8,580) (13,155)
Discontinued operations, net of taxes:        
Income from discontinued operations net of taxes       709
Gain on disposal of discontinued operations, net of taxes       4,315
Net income from discontinued operations, net of taxes       5,024
Net (loss)/profit (6,878) (8,491) (8,580) (8,131)
Comprehensive (loss)/income $ (6,832) $ (8,495) $ (8,487) $ (7,995)
Basic and diluted net income / (loss) per common share $ (0.016) $ (0.230) $ (0.210) $ (0.220)
Continuing operations $ (0.16) $ (0.23) $ (0.21) $ (0.35)
Discontinued operations       $ 0.14
Weighted average common shares outstanding, basic and diluted 41,966 36,174 41,808 37,159