Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 7,820 $ 7,575
Restricted cash 0 200
Prepaid expenses and other current assets 56 139
Other assets of discontinued operations 418 1,129
Total current assets 8,294 9,043
Property and equipment, net 56 112
Investment in unconsolidated affiliate 0 2,046
Investment in convertible promissory note 312 0
Total assets 8,662 11,201
Current liabilities:    
Accounts payable 1 262
Common stock warrant liability 19 26
Accrued expenses and other current liabilities 316 94
Liabilities of discontinued operations 246 1,410
Total current liabilities 582 1,792
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; 1,688,807 and 1,688,943 shares issued and outstanding at March 31, 2012 and March 31, 2011, respectively. 17 17
Additional paid-in capital 129,052 128,977
Accumulated other comprehensive loss (142) (167)
Accumulated deficit (120,847) (119,418)
Total stockholders' equity 8,080 9,409
Total liabilities and stockholders' equity $ 8,662 $ 11,201