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
 3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net (loss)/income $ (771) $ 2,614
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Gain on disposal of discontinued operations, net of taxes, net of impact of foreign currency translation   (4,215)
Depreciation and amortization 129 347
Amortization of debt discount 208  
Allowance for doubtful accounts   (159)
Issuance of common stock as part of compensation 69 192
(Increase) / decrease in assets, net of effect of disposal of subsidiary:    
Accounts receivable 392 2,056
Prepaid expenses and other current assets (8) (40)
Increase / (decrease) in liabilities, net of effect of disposal of subsidiary:    
Accounts payable (423) (3,022)
Accrued license fees 132 245
Accrued compensation (132) (156)
Other liabilities and other items: 38 1,615
Net cash used in operating activities (268) (351)
Cash flows from investing activities    
Purchase of property and equipment (34) (57)
Transaction costs   (548)
Cash remaining with disposed subsidiary   (641)
Net cash used in investing activities (34) (1,246)
Cash flows from financing activities    
Proceeds from new convertible debt   2,500
Net cash provided by financing activities   2,500
Effect of exchange rate changes on cash and cash equivalents 106 139
Net change in cash and cash equivalents (196) 1,042
Cash and cash equivalents, beginning of period 845 1,891
Cash and cash equivalents, end of period 649 2,933
Supplemental disclosure of cash flow information:    
Taxes paid 31 68
Interest paid 367 680
Vendor
    
Increase / (decrease) in liabilities, net of effect of disposal of subsidiary:    
Issuance of common stock and warrants 15 172
Services
    
Increase / (decrease) in liabilities, net of effect of disposal of subsidiary:    
Issuance of common stock and warrants $ 82