Annual report pursuant to section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Mar. 31, 2013
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     Year Ended  
     March 31     March 31  
     2013     2012  

Statutory Federal Income Taxes

     (4,936     (10,086

State income taxes, net of federal benefit

     (732     (1,447

Write down of goodwill and other perm diff

     492        1,790   

Foreign Expense

     39        88   

Increase in Valuation Allowance

     5,227        9,765   
  

 

 

   

 

 

 

Income tax provision (benefit)

     90        110   
  

 

 

   

 

 

 

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consist of the following:

 

     Year Ended     Year Ended  
     March 31,     March 31,  
     2013     2012  

Net Operating Loss Carryforward

   $ 26,864      $ 24,188   

Amortization of Intangible Asset

     (1,134     (1,404

Stock-based compensation

     13,329        11,735   

Credit Carryforwards

       (248 )

Other

     867        54   
  

 

 

   

 

 

 

Deferred Tax

     39,927        34,325   

Valuation Allowance

     (39,927     (34,325
  

 

 

   

 

 

 

Net Deferred Tax Asset

   $ —       $ —