Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Mar. 31, 2011
Current assets    
Cash and cash equivalents $ 649 $ 845
Accounts receivable, net of allowances of $96 and $96, respectively 2,307 2,699
Prepaid expenses and other current assets 304 296
Total current assets 3,260 3,840
Property and equipment, net 351 388
Intangible assets, net 3,308 3,366
Goodwill 6,609 6,609
TOTAL ASSETS 13,528 14,203
Current liabilities    
Accounts payable 3,384 3,807
Accrued license fees 1,321 1,189
Accrued compensation 239 371
Current portion of long term debt 111 115
Other current liabilities 2,001 1,959
Total currrent liabilities 7,056 7,441
Long term debt and convertible debt, net of discount of $1,648 and $1,856, respectively 4,352 4,144
Total liabilities 11,408 11,585
Commitments and contingencies (Note 16)    
Stockholders' equity    
Preferred stock Series A convertible preferred stock at $0.0001 par value; 100,000 shares authorized, issued and outstanding (liquidation preference of $1,000,000) 100 100
Common stock, $0.0001 par value: 100,000,000 shares authorized;41,771,469 issued and outstanding at June 30, 2011;41,274,225 issued and outstanding at March 31, 2011; 5 4
Additional paid-in capital 99,707 99,541
Accumulated other comprehensive loss (185) (291)
Accumulated deficit (97,507) (96,736)
Total stockholders' equity 2,120 2,618
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,528 $ 14,203