Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2015
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 7,521 $ 1,430
Accounts receivable 88 148
Prepaid expenses and other current assets 91 183
Deferred financing costs 0 162
Investments 0 378
Total current assets 7,700 2,301
Property and equipment, net 106 130
Intangible assets, net 501 1,281
Goodwill 603 603
Investments 399 0
Total assets 9,309 4,315
Current liabilities:    
Accounts payable and accrued expenses 529 255
Promissory note payable, current 208 0
Deferred revenue 104 108
Liabilities of discontinued operations 0 5
Total current liabilities 841 368
Deferred tax liability 195 500
Promissory notes payable 325 509
Other long-term liabilities 12 13
Total liabilities $ 1,373 $ 1,390
Commitments and contingencies (Note 8)    
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; 10,469,120 and 2,005,187 shares issued and outstanding as of March 31, 2015 and March 31, 2014, respectively 105 20
Additional paid-in capital 141,084 130,994
Accumulated deficit (133,253) (128,089)
Total stockholders' equity 7,936 2,925
Total liabilities and stockholders' equity $ 9,309 $ 4,315