Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Mar. 31, 2014
Current assets    
Cash and cash equivalents $ 18,687 $ 21,805
Restricted cash 200 200
Accounts receivable, net of allowances of $0 and $0, respectively 5,106 5,102
Deposits 44 24
Prepaid expenses and other current assets 389 350
Total current assets 24,426 27,481
Property and equipment, net 470 465
Deferred tax assets 82 3,238
Intangible assets, net 7,258 9,074
Goodwill 6,309 4,837
TOTAL ASSETS 38,545 45,095
Current liabilities    
Accounts payable 3,504 2,943
Accrued license fees 2,638 3,395
Accrued compensation 1,881 1,681
Deferred tax liabilities 10 2,987
Other current liabilities 1,051 900
Total current liabilities 9,084 11,906
Long term contingent liability, less discount of $0 and $762, respectively   238
Total liabilities 9,084 12,144
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; 38,193,029 issued and 37,438,429 outstanding at June 30, 2014; 38,143,028 issued and 37,388,429 outstanding at March 31, 2014 7 7
Additional paid-in capital 194,504 193,422
Treasury Stock (754,600 shares at June 30, 2014 and March 31, 2014) (71) (71)
Accumulated other comprehensive loss (161) (199)
Accumulated deficit (164,918) (160,308)
Total stockholders' equity 29,461 32,951
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 38,545 $ 45,095