Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations and Comprehensive (Loss) Income

v2.4.0.8
Consolidated Statements of Operations and Comprehensive (Loss) Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Net revenues $ 5,092 $ 1,290
Cost of revenues    
License fees 2,945 614
Other direct cost of revenues 323 58
Total cost of revenues 3,268 672
Gross profit 1,824 618
Operating expenses    
Product development 1,666 366
Sales and marketing 433 103
General and administrative 3,878 2,401
Total operating expenses 5,977 2,870
Loss from operations (4,153) (2,252)
Interest and other income / (expense)    
Interest income / (expense) (1,626) (459)
Foreign exchange transaction gain / (loss) 25 (7)
Change in fair value of accrued derivative liabilities gain / (loss)   (21)
Gain / (loss) on disposal of fixed assets (5)  
Gain / (loss) on settlement of debt (3)  
Interest and other expense (1,609) (487)
Loss from operations before income taxes (5,762) (2,739)
Income tax provision 76 (14)
Net income (5,686) (2,753)
Other comprehensive (loss) / income:    
Foreign currency translation adjustment 104 31
Comprehensive (loss) / income $ (5,582) $ (2,722)
Basic and diluted net income / (loss) per common share $ (0.30) $ (0.16)
Weighted average common shares outstanding, basic and diluted 18,861 16,901