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
Jun. 30, 2013
Mar. 31, 2013
Current assets    
Cash and cash equivalents $ 1,553 $ 1,149
Accounts receivable, net of allowances of $142 and $130, respectively 4,748 1,995
Deposits 616 563
Prepaid expenses and other current assets 561 285
Total current assets 7,478 3,992
Property and equipment, net 430 148
Deferred tax assets 429  
Intangible assets, net 11,122 4,757
Goodwill 4,840 3,588
TOTAL ASSETS 24,299 12,485
Current liabilities    
Accounts payable 5,723 3,783
Accrued license fees 2,806 669
Accrued compensation 1,346 692
Current portion of long term debt, net of discounts of $523 and $726, respectively 6,481 3,777
Deferred tax liabilities 47 134
Other current liabilities 935 600
Total current liabilities 17,338 9,655
Long term debt and convertible debt, net of discounts of $0 and $980, respectively 1,282 1,252
Long term contingent liability, less discount of $159 and $159, respectively 841 841
Total liabilities 19,461 11,748
Stockholders' equity    
Preferred stock Series A convertible preferred stock at $0.0001 par value; 2,000,000 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; 21,222,967 issued and 20,468,368 outstanding at June 30, 2013; 19,222,493 issued and 18,467,894 outstanding at March 31, 2013; 7 7
Additional paid-in capital 152,253 142,571
Treasury Stock (754,600 shares at June 30, 2013 and March 31, 2013) (71) (71)
Accumulated other comprehensive loss (161) (266)
Accumulated deficit (147,290) (141,604)
Total stockholders' equity 4,838 737
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,299 $ 12,485