Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
Current assets    
Cash and cash equivalents $ 8,799 $ 845
Accounts receivable, net of allowances of $108 and $96, respectively 1,190 2,699
Prepaid expenses and other current assets 120 296
Total current assets 10,109 3,840
Property and equipment, net 230 388
Intangible assets, net 817 3,366
Goodwill 3,640 6,609
TOTAL ASSETS 14,796 14,203
Current liabilities    
Accounts payable 3,051 3,807
Accrued license fees 1,155 1,189
Accrued compensation 582 371
Current portion of long term debt 75 273
Warrant derivative liabilities 452 223
Other current liabilities 705 1,261
Total current liabilities 6,020 7,124
Long term debt and convertible debt, net of discounts of $2,147 and $1,856, respectively 3,077 4,461
Total liabilities 9,097 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; 82,656,945 issued and 76,581,945 outstanding at March 31, 2012; 45,047,224 issued and 41,274,225 outstanding at March 31, 2011; 7 4
Additional paid-in capital 133,300 99,612
Treasury Stock (3,772,999 shares at March 31, 2012 and 2011) (71) (71)
Accumulated other comprehensive loss (194) (291)
Accumulated deficit (127,443) (96,736)
Total stockholders' equity 5,699 2,618
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,796 $ 14,203