Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Mar. 31, 2015
 [1]
Current assets:    
Cash and cash equivalents $ 6,084 $ 7,521
Accounts receivable 192 88
Prepaid expenses and other current assets 165 91
Total current assets 6,441 7,700
Property and equipment, net 107 106
Intangible assets, net 441 501
Goodwill 603 603
Investments 818 399
Total assets 8,410 9,309
Current liabilities:    
Accounts payable and accrued expenses 420 529
Promissory note payable and interest, current 208 208
Deferred revenue 210 104
Total current liabilities 838 841
Deferred tax liability 172 195
Promissory notes payable 333 325
Other long-term liabilities 12 12
Total liabilities $ 1,355 $ 1,373
Commitments and contingencies (Note 6)    
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; 10,487,373 and 10,469,120 shares issued and outstanding as of June 30, 2015 and March 31, 2015, respectively 105 105
Additional paid-in capital 141,129 141,084
Accumulated other comprehensive income 419 0
Accumulated deficit (134,598) (133,253)
Total stockholders' equity 7,055 7,936
Total liabilities and stockholders' equity $ 8,410 $ 9,309
[1] Derived from the Company's audited consolidated financial statements.