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
Dec. 31, 2012
Mar. 31, 2012
Current assets    
Cash and cash equivalents $ 1,641 $ 8,799
Accounts receivable, net of allowances of $108 and $108, respectively 2,079 1,190
Deposits 607  
Prepaid expenses and other current assets 258 120
Total current assets 4,585 10,109
Property and equipment, net 201 230
Intangible assets, net 4,976 817
Goodwill 4,537 3,640
TOTAL ASSETS 14,299 14,796
Current liabilities    
Accounts payable 3,795 3,051
Accrued license fees 1,000 1,155
Accrued compensation 507 582
Current portion of long term debt, net of discounts of $393 and $0, respectively 2,826 75
Warrant derivative liabilities   452
Other current liabilities 651 705
Total current liabilities 8,779 6,020
Long term debt and convertible debt, net of discounts of $684 and $2,147, respectively 1,750 3,077
Long term contingent liability, less discount of $198 and $0, respectively 802  
Total liabilities 11,331 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 at December 31, 2012, and March 31, 2012 (liquidation preference of $1,000,000) 100 100
Common stock, $0.0001 par value: 200,000,000 shares authorized; 91,206,041 issued and 87,433,042 outstanding at December 31, 2012; 83,506,945 issued and 79,733,946 outstanding at March 31, 2012; 7 7
Additional paid-in capital 141,265 133,300
Treasury Stock (3,772,999 shares at December 31, 2012 and March 31, 2012) (71) (71)
Accumulated other comprehensive loss (148) (194)
Accumulated deficit (138,185) (127,443)
Total stockholders' equity 2,968 5,699
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,299 $ 14,796