Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v2.4.0.8
Consolidated Statements of Operations and Comprehensive Loss (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net revenues $ 5,462 $ 6,759 $ 11,016 $ 11,543
Cost of revenues        
License fees 3,316 3,919 7,112 6,633
Other direct cost of revenues 345 456 689 859
Total cost of revenues 3,661 4,375 7,801 7,492
Gross profit 1,801 2,384 3,215 4,051
Operating expenses        
Product development 2,155 2,407 4,114 3,995
Sales and marketing 743 536 1,504 909
General and administrative 3,548 3,293 6,922 7,092
Total operating expenses 6,446 6,236 12,540 11,996
Loss from operations (4,645) (3,852) (9,325) (7,945)
Interest and other income / (expense)        
Interest income / (expense) (131) (194) (128) (1,633)
Foreign exchange transaction gain / (loss) (1) 27 (7) 56
Change in fair value of warrant derivative liabilities gain / (loss)   (811)   (811)
Loss on extinguishment of debt   (442)   (442)
Gain / (loss) on settlement of debt   33 (10) 33
Gain/ (loss) on disposal of fixed assets   4 2 2
Gain on change on valuation of long term contingent liability   603   603
Other income 3   12  
Interest and other expense (129) (780) (131) (2,192)
Loss from operations before income taxes (4,774) (4,632) (9,456) (10,137)
Income tax provision / (benefit) 427 85 355 2
Net loss from continuing operations, net of taxes (5,201) (4,717) (9,811) (10,139)
Loss from operations of discontinued component   (1,505)   (1,769)
Net (loss)/profit (5,201) (6,222) (9,811) (11,908)
Other comprehensive income:        
Foreign currency translation adjustment 32 333 70 438
Comprehensive loss: $ (5,169) $ (5,889) $ (9,741) $ (11,470)
Basic and diluted net loss per common share $ (0.14) $ (0.25) $ (0.26) $ (0.53)
Continuing operations $ (0.14) $ (0.19) $ (0.26) $ (0.45)
Discontinued operations   $ (0.06)   $ (0.08)
Basic and diluted net loss per common share $ (0.14) $ (0.25) $ (0.26) $ (0.53)
Weighted average common shares outstanding, basic and diluted 37,504 25,232 37,464 22,636