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, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net (loss) / income $ (5,686) $ (2,753)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 493 87
Amortization of debt discount 1,267 354
Interest accrued 73 106
PIK Interest 68 0
Allowance for doubtful accounts      
Stock-based compensation 52  
Stock issued for services 1,189 929
Finance costs 228  
Loss on disposal of leasehold improvements 5  
Increase / (decrease) in fair value of derivative liabilities   21
(Increase) / decrease in assets, net of effect of disposal of subsidiary:    
Accounts receivable 56 171
Prepaid expenses and other current assets 311 (16)
Increase / (decrease) in liabilities, net of effect of disposal of subsidiary:    
Accounts payable 545 (19)
Accrued license fees 2,139 (106)
Accrued compensation 309 (212)
Other liabilities and other items (2,643) (152)
Net cash used in operating activities (1,594) (1,590)
Cash flows from investing activities    
Purchase of property and equipment (18)  
Cash used in acquisition of subsidiary (1,287)  
Cash acquired with acquisition of subsidiary 513  
Net cash used in investing activities (792)  
Cash flows from financing activities    
Issuance of shares for cash 2,700 1,000
Net cash provided by financing activities 2,700 1,000
Effect of exchange rate changes on cash and cash equivalents 90 31
Net change in cash and cash equivalents 404 (559)
Cash and cash equivalents, beginning of period 1,149 8,799
Cash and cash equivalents, end of period 1,553 8,240
Supplemental disclosure of cash flow information:    
Taxes paid 34  
Interest paid      
Noncash investing and financing activities:    
Contingency earn out on acquisition of subsidiary, net of discount 841  
Common stock of the Company issued for acquisition of subsidiary $ 4,449