Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations and Comprehensive (loss) Income

v2.4.0.6
Consolidated Statements of Operations and Comprehensive (loss) Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net revenues $ 912 $ 1,938 $ 2,203 $ 3,831
Cost of revenues        
License fees 299 660 913 1,151
Other direct cost of revenues 77 58 135 115
Total cost of revenues 376 718 1,048 1,266
Gross profit 536 1,220 1,155 2,565
Operating expenses        
Product development 365 484 731 1,149
Sales and marketing 215 222 318 456
General and administrative 3,191 1,200 5,591 2,116
Total operating expenses 3,771 1,906 6,640 3,721
Loss from operations (3,235) (686) (5,485) (1,156)
Interest and other income / (expense)        
Interest income/ (expense) (494) (377) (954) (745)
Foreign exchange transaction gain / (loss) (26) (31) (33) 17
Change in fair value of warrant derivative liabilities gain / (loss)   (84) (22) (27)
Gain / (loss) on settlement of debt   247   240
Interest and other expense (520) (245) (1,009) (515)
Loss from operations before income taxes (3,755) (931) (6,494) (1,671)
Income tax provision (20)   (34) (31)
Net (loss)/profit (3,775) (931) (6,528) (1,702)
Other comprehensive (loss) / income:        
Foreign currency translation adjustment (34) (59) (3) 47
Comprehensive (loss) / income $ (3,809) $ (990) $ (6,531) $ (1,655)
Basic and diluted net income / (loss) per common share $ (0.04) $ (0.02) $ (0.08) $ (0.04)
Weighted average common shares outstanding, basic and diluted 87,235 41,771 85,877 41,725