Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net loss $ (4,610) $ (5,686)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on disposal of discontinued operations, net of taxes   474
Depreciation and amortization 369 280
Amortization of debt discount   1,267
Interest and PIK interest accrued   101
Stock and stock option compensation 818 52
Stock issued for services 76 1,189
(Increase) / decrease in assets, net of effect of disposal of subsidiary:    
Accounts receivable (4) 37
Deposits (20) (53)
Deferred Tax Assets 3,156  
Prepaid expenses and other current assets (39) 365
Increase / (decrease) in liabilities, net of effect of disposal of subsidiary:    
Accounts payable 561 541
Accrued license fees (757) 2,139
Accrued compensation 201 351
Other liabilities and other items (2,886) (2,651)
Net cash used in operating activities (3,135) (1,594)
Cash flows from investing activities    
Purchase of property and equipment (32) (18)
Settlement of contingent liability 10  
Cash used in acquisition of subsidiary   (1,287)
Cash acquired with acquisition of subsidiary   513
Net cash used in investing activities (22) (792)
Cash flows from financing activities    
Issuance of shares for cash   2,700
Net cash provided by financing activities   2,700
Effect of exchange rate changes on cash and cash equivalents 39 90
Net change in cash and cash equivalents (3,118) 404
Cash and cash equivalents, beginning of period 21,805 1,149
Cash and cash equivalents, end of period 18,687 1,553
Supplemental disclosure of cash flow information:    
Taxes paid   24
Noncash investing and financing activities:    
Contingency earn out on acquisition of subsidiary, net of discount   841
Common stock of the Company issued for acquisition of subsidiary   4,449
Common Stock of the Company issued for settlement of contingent liability $ 188