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, 2013
Mar. 31, 2012
Current assets    
Cash and cash equivalents $ 1,149 $ 8,799
Accounts receivable, net of allowances of $130 and $108, respectively 1,995 1,190
Deposits 563  
Prepaid expenses and other current assets 285 120
Total current assets 3,992 10,109
Property and equipment, net 148 230
Intangible assets, net 4,757 817
Goodwill 3,588 3,640
TOTAL ASSETS 12,485 14,796
Current liabilities    
Accounts payable 3,783 3,051
Accrued license fees 669 1,155
Accrued compensation 692 582
Current portion of long term debt, less discount of $726 and $0, respectively 3,777 75
Warrant derivative liabilities   452
Deferred tax liabilities 134  
Other current liabilities 704 705
Total current liabilities 9,655 6,020
Long term secured note, less discount of $0 and $2,147, respectively 1,252 3,077
Long term contingent liability, less discount of $159 and $0, respectively 841  
Total liabilities 11,748 9,097
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 $1,000,000) 100 100
Common stock, $0.0001 par value: 200,000,000 shares authorized; 19,222,493 issued and 18,467,894 outstanding at March 31, 2013; 16,701,389 issued and 15,946,789 outstanding at March 31, 2012; 7 7
Additional paid-in capital 142,571 133,300
Treasury Stock (754,600 shares at March 31, 2013 and 2012) (71) (71)
Accumulated other comprehensive loss (266) (194)
Accumulated deficit (141,604) (127,443)
Total stockholders' equity 737 5,699
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,485 $ 14,796