Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Mar. 31, 2012
Current assets    
Cash and cash equivalents $ 3,137 $ 8,799
Accounts receivable, net of allowances of $108 and $108, respectively 2,068 1,190
Prepaid expenses and other current assets 344 120
Total current assets 5,549 10,109
Property and equipment, net 317 230
Intangible assets, net 5,151 817
Goodwill 4,537 3,640
TOTAL ASSETS 15,554 14,796
Current liabilities    
Accounts payable 4,054 3,051
Accrued license fees 1,011 1,155
Accrued compensation 738 582
Current portion of long term debt, net of discounts of $603 and $0, respectively 2,543 75
Warrant derivative liabilities   452
Other current liabilities 1,083 705
Total current liabilities 9,429 6,020
Long term debt and convertible debt, net of discounts of $832 and $2,147, respectively 1,564 3,077
Long term contingent liability, less discount of $242 758  
Total liabilities 11,751 9,097
Stockholders' equity    
Preferred stock Series A convertible preferred stock at $0.0001 par value; 200,000 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; 92,269,515 issued and 88,496,516 outstanding at September 30, 2012; 83,506,945 issued and 79,733,946 outstanding at March 31, 2012; 7 7
Additional paid-in capital 137,935 133,300
Treasury Stock (3,772,999 shares at September 30, 2012 and March 31, 2012) (71) (71)
Accumulated other comprehensive loss (197) (194)
Accumulated deficit (133,971) (127,443)
Total stockholders' equity 3,803 5,699
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 15,554 $ 14,796