Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 8,264 $ 7,575 [1]
Restricted cash 200 200 [1]
Prepaid expenses and other current assets 92 139 [1]
Other assets of discontinued operations 443 1,129 [1]
Total current assets 8,999 9,043 [1]
Property and equipment, net 58 112 [1]
Investment in unconsolidated affiliate 1,545 2,046 [1]
Investment in convertible promissory note 300 0 [1]
Total assets 10,902 11,201 [1]
Current liabilities:    
Accounts payable 81 262 [1]
Common stock warrant liability 20 26 [1]
Accrued expenses and other current liabilities 57 94 [1]
Liabilities of discontinued operations 380 1,410 [1]
Total current liabilities 538 1,792 [1]
Stockholders' equity:    
Preferred stock; $0.01 par value; 5,000,000 shares authorized; none issued and outstanding 0 0 [1]
Common stock; $0.01 par value; 50,000,000 shares authorized; 1,688,807 and 1,688,943 shares issued and outstanding at December 31, 2011 and March 31, 2011, respectively. 17 17 [1]
Additional paid-in capital 129,107 128,977 [1]
Accumulated other comprehensive loss (140) (167) [1]
Accumulated deficit (118,620) (119,418) [1]
Total stockholders' equity 10,364 9,409 [1]
Total liabilities and stockholders' equity $ 10,902 $ 11,201 [1]
[1] Derived from the Company's audited consolidated financial statements