Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net (loss)/income $ (30,707) $ (9,384)
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 429 638
Amortization of debt discount 9,709 644
Loss on extinguishment of debt (2,004)  
Settled debt with supplier (1,393)  
Finance costs 1,194  
PIK interest expense 575  
Allowance for doubtful accounts (12) (307)
Stock-based compensation   326
Impairment of goodwill and intangibles 5,288 6,028
Fair Value of warrants and conversion options issued for financing costs 1,255  
Change in fair value of derivative liabilities 4,447  
(Increase) / decrease in assets, net of effect of disposal of subsidiary:    
Accounts receivable 1,521 3,303
Prepaid expenses and other current assets 176 160
Increase / (decrease) in liabilities, net of effect of disposal of subsidiary:    
Accounts payable 637 (497)
Accrued license fees (34) (625)
Accrued compensation 211 (166)
Other liabilities and other items (556) (224)
Net cash used in operating activities (1,829) (1,909)
Cash flows from investing activities    
Purchase of property and equipment (17) (88)
Transaction costs   (906)
Cash remaining with disposed subsidiary   (641)
Net cash used in investing activities (17) (1,635)
Cash flows from financing activities    
Proceeds from new convertible debt 7,000 2,500
Issuance of shares for cash 2,700  
Net cash provided by financing activities 9,700 2,500
Effect of exchange rate changes on cash and cash equivalents 100 (2)
Net change in cash and cash equivalents 7,954 (1,046)
Cash and cash equivalents, beginning of period 845 1,891
Cash and cash equivalents, end of period 8,799 845
Supplemental disclosure of cash flow information:    
Taxes paid 119 226
Interest paid   1,763
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of convertible note and interest to shares of common stock 8,852  
Issuance of warrants with convertible debenture 4,636  
Beneficial conversion feature associated with convertible debenture 8,915 1,496
Reclassify derivative liability to additional paid in capital 13,786  
Vendor
    
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Warrants and Stock issued for services 133 76
Services
    
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Warrants and Stock issued for services 7,302 2,049
Options and Compensation
    
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Repricing   113
Warrant derivative
    
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Repricing   $ 172