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 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Net revenues $ 2,049 $ 1,957 $ 4,252 $ 5,788
Cost of revenues        
License fees 190 733 957 1,885
Other direct cost of revenues 737 57 1,018 172
Total cost of revenues 927 790 1,975 2,057
Gross profit 1,122 1,167 2,277 3,731
Operating expenses        
Product development 577 430 1,308 1,578
Sales and marketing 329 204 647 660
General and administrative 3,795 6,648 9,386 8,764
Total operating expenses 4,701 7,282 11,341 11,002
Loss from operations (3,579) (6,115) (9,064) (7,271)
Interest and other income / (expense)        
Interest income/ (expense) (536) (1,693) (1,490) (2,438)
Foreign exchange transaction loss (18) (71) (52) (54)
Change in fair value of warrant derivative liabilities loss   (49) (22) (76)
Gain / (loss) on settlement of liability (4) 1,082 (4) 1,323
Loss on change on valuation of long term contingent liability (44)   (44)  
Interest and other expense (602) (731) (1,612) (1,246)
Loss from operations before income taxes (4,181) (6,846) (10,676) (8,516)
Income tax provision (33) (32) (66) (64)
Net loss (4,214) (6,878) (10,742) (8,580)
Other comprehensive (loss) / income:        
Foreign currency translation adjustment 49 46 46 93
Comprehensive (loss) / income $ (4,165) $ (6,832) $ (10,696) $ (8,487)
Basic and diluted net income / (loss) per common share $ (0.05) $ (0.16) $ (0.12) $ (0.21)
Weighted average common shares outstanding, basic and diluted 88,987 41,966 86,917 41,808