Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net revenues $ 24,404 $ 3,855
Cost of revenues    
License fees 14,789 279
Other direct cost of revenues 1,769 1,416
Total cost of revenues 16,558 1,695
Gross profit 7,846 2,160
Operating expenses    
Product development 7,869 1,322
Sales and marketing 1,915 668
General and administrative 13,432 11,199
Impairment of intangible assets 154  
Total operating expenses 23,370 13,189
Loss from operations (15,524) (11,029)
Interest and other income / (expense)    
Interest income/ (expense) (1,407) (1,144)
Foreign exchange transaction gain / (loss) 33 11
Change in fair value of warrant derivative liabilities gain / (loss) (811) (22)
Loss on extinguishment of debt (442)  
Gain / (loss) on settlement of debt 74 (257)
Gain / (loss) on disposal of fixed assets   5
Gain / (loss) on change on valuation of long term contingent liability 603 (83)
Interest and other expense (1,950) (1,490)
Loss from operations before income taxes (17,474) (12,519)
Income tax (benefit) / provision (272) 139
Net loss from continuing operations, net of taxes (17,202) (12,658)
Discontinued operations, net of taxes, Note 3:    
Loss from operations of discontinued component (including gain on disposal of $1,077) (1,502) (1,503)
Net loss from discontinued operations, net of taxes (1,502) (1,503)
Net Loss (18,704) (14,161)
Other comprehensive income / (loss):    
Foreign currency translation adjustment 67 (72)
Comprehensive loss $ (18,637) $ (14,233)
Basic and diluted net loss per common share $ (0.68) $ (0.81)
Continuing operations $ (0.63) $ (0.72)
Discontinued operations $ (0.05) $ (0.09)
Basic and diluted net income / (loss) per common share $ (0.68) $ (0.81)
Weighted average common shares outstanding, basic and diluted 27,478 17,631