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, 2013
Mar. 31, 2013
Current assets    
Cash and cash equivalents $ 4,656 $ 1,149
Accounts receivable, net of allowances of $130 and $130, respectively 6,310 1,995
Deposits 124 563
Prepaid expenses and other current assets 338 285
Total current assets 11,428 3,992
Property and equipment, net 459 148
Deferred tax assets 497  
Intangible assets, net 10,095 4,757
Goodwill 4,770 3,588
TOTAL ASSETS 27,249 12,485
Current liabilities    
Accounts payable 4,916 3,783
Accrued license fees 3,680 669
Accrued compensation 1,266 692
Current portion of long term debt, net of discounts of $0 and $726, respectively 6 3,777
Deferred tax liabilities 315 134
Other current liabilities 565 600
Total current liabilities 10,748 9,655
Long term debt and convertible debt, net of discounts of $0 and $980, respectively   1,252
Long term contingent liability, less discount of $762 and $159, respectively 238 841
Total liabilities 10,986 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; 32,122,817 issued and 31,368,217 outstanding at December 31, 2013; 19,222,493 issued and 18,467,894 outstanding at March 31, 2013 7 7
Additional paid-in capital 173,806 142,571
Treasury Stock (754,600 shares at December 31, 2013 and March 31, 2013) (71) (71)
Accumulated other comprehensive income/(loss) 109 (266)
Accumulated deficit (157,688) (141,604)
Total stockholders' equity 16,263 737
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 27,249 $ 12,485