Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Mar. 31, 2014
Difference Between Taxes at Actual Rates Federal Statutory Rate

The difference between taxes at actual rates and the federal statutory rate was as follows:

 

    

Year Ended

March 31

2014

   

Year Ended

March 31

2013

 

Statutory Federal Income Taxes

   $ (6,017     (4,936

State income taxes, net of federal benefit

     (765     (732

Write down of goodwill and other perm diff

     895        492   

Foreign Expense

     (136     39   

Increase in Valuation Allowance

     5,751        5,227   
  

 

 

   

 

 

 

Income tax provision (benefit)

   $ (272     90   
  

 

 

   

 

 

 

Income tax provision (benefit), discontinued operations

     —          49   

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consist of the following:

 

    

Year Ended

March 31,

2014

   

Year Ended

March 31,

2013

 

Net Operating Loss Carryforward

   $ 19,621      $ 26,864   

Amortization of Intangible Asset

     (269     (1,134

Stock-based compensation

     15,360        13,329   

Credit Carryforwards

     268     

Other

     425        867   
  

 

 

   

 

 

 

Deferred Tax

     35,405        39,927   

Valuation Allowance

     (35,154     (39,927
  

 

 

   

 

 

 

Net Deferred Tax Asset

   $ 251     $ —