Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (1,345) $ (1,248)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation expense 36 94
Depreciation 10 9
Loss on disposal of property and equipment 4 0
Amortization of intangible assets 60 52
Accrued interest on convertible note receivable 0 (9)
Deferred taxes (23) (21)
Accrued interest on promissory note payable 8 2
Changes in operating assets and liabilities:    
Accounts receivable (104) 24
Prepaid expenses and other current assets (74) (63)
Deferred financing costs 0 162
Accounts payable and accrued expenses (100) 191
Deferred revenue 106 79
Current assets and liabilities from discontinued operations, net 0 (5)
Net cash used in operating activities (1,422) (733)
Cash flows from investing activities:    
Acquisition of property and equipment (15) (13)
Net cash used in investing activities (15) (13)
Cash flows from financing activities:    
Proceeds from at-the-market facility 0 23
Proceeds from sale of common stock, net of expenses of $466 0 1,361
Net cash provided by financing activities 0 1,384
Net cash increase/(decrease) in cash and cash equivalents (1,437) 638
Cash and cash equivalents, beginning 7,521 [1] 1,430
Cash and cash equivalents, ending 6,084 2,068
Supplemental disclosure of non-cash activities:    
Unrealized gain on available-for-sale securities 419 0
Over accrued financing costs $ 9 $ 0
[1] Derived from the Company's audited consolidated financial statements.