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
Sep. 30, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 6,217 $ 7,820
Prepaid expenses and other current assets 113 56
Other assets of discontinued operations 11 418
Total current assets 6,341 8,294
Property and equipment, net 109 56
Intangible assets, net 1,630 0
Goodwill 603 0
Investment in convertible promissory note 329 312
Total assets 9,012 8,662
Current liabilities:    
Accounts payable 3 1
Promissory note 500 0
Common stock warrant liability 16 19
Accrued expenses and other current liabilities 313 316
Liabilities of discontinued operations 155 246
Total current liabilities 987 582
Deferred tax liability 664 0
Total liabilities 1,651 582
Stockholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.01 par value; 50,000,000 shares authorized; 1,925,240 and 1,688,807 shares issued and outstanding at Sept. 30, 2012 and March 31, 2012, respectively 19 17
Additional paid-in capital 130,294 129,052
Accumulated other comprehensive loss (142) (142)
Accumulated deficit (122,810) (120,847)
Total stockholders' equity 7,361 8,080
Total liabilities and stockholders' equity $ 9,012 $ 8,662