Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.5.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Mar. 31, 2015
Current assets    
Cash and cash equivalents $ 11,231 $ 7,069
Restricted cash 0 200
Accounts receivable, net of allowances of $464 and $698, respectively 17,519 12,174
Deposits 213 109
Deferred financing costs 128 0
Prepaid expenses and other current assets 0 82
Prepaid expenses and other current assets 583 640
Total current assets 29,674 20,274
Property and equipment, net 1,784 614
Investment in Sift 999 0
Deferred tax assets 500 0
Intangible assets, net 12,490 24,936
Goodwill 76,621 76,747
TOTAL ASSETS 122,068 122,571
Current liabilities    
Accounts payable 15,300 8,118
Accrued license fees and revenue share 9,622 6,833
Accrued compensation 1,353 2,184
Short-term debt, net of discounts of $440 and 0, respectively 10,560 3,600
Deferred tax liabilities 0 217
Other current liabilities 2,147 3,000
Total current liabilities 38,982 23,952
Long-term debt, net of discounts of $0 and 910, respectively 0 7,090
Other non-current liabilities 815 0
Total liabilities 39,797 31,042
Stockholders' equity    
Preferred stock 100 100
Common stock 8 7
Additional paid-in capital 295,423 276,500
Treasury stock (754,599 shares at March 31, 2016 and March 31, 2015) (71) (71)
Accumulated other comprehensive loss (202) (52)
Accumulated deficit (212,987) (184,955)
Total stockholders' equity 82,271 91,529
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 122,068 $ 122,571