Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Mar. 31, 2013
Current assets    
Cash and cash equivalents $ 21,805 $ 1,149
Restricted cash 200  
Accounts receivable, net of allowances of $0 and $108, respectively 5,102 1,995
Deposits 24 563
Prepaid expenses and other current assets 350 285
Total current assets 27,481 3,992
Property and equipment, net 465 148
Deferred tax assets 3,238  
Intangible assets, net 9,074 4,757
Goodwill 4,837 3,588
TOTAL ASSETS 45,095 12,485
Current liabilities    
Accounts payable 2,943 3,783
Accrued license fees 3,395 669
Accrued compensation 1,681 692
Current portion of long term debt, less discount of $0 and $187, respectively   3,777
Deferred tax liabilities 2,987 134
Other current liabilities 900 600
Total current liabilities 11,906 9,655
Long term contingent liability, less discount of $762 and $159, respectively 238 841
Long term and convertible debt, less discount of $0 and $980, respectively   1,252
Total liabilities 12,144 11,748
Stockholders' equity    
Preferred stock Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1,000) 100 100
Common stock, $0.0001 par value: 200,000,000 shares authorized; 38,143,028 issued and 37,388,429 outstanding at March 31, 2014; 19,222,493 issued and 18,467,894 outstanding at March 31, 2013; 7 7
Additional paid-in capital 193,422 142,571
Treasury Stock (754,600 shares at March 31, 2014 and 2013) (71) (71)
Accumulated other comprehensive loss (199) (266)
Accumulated deficit (160,308) (141,604)
Total stockholders' equity 32,951 737
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 45,095 $ 12,485