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
Dec. 31, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 5,073 $ 7,820 [1]
Prepaid expenses and other current assets 149 56 [1]
Other assets of discontinued operations 11 418 [1]
Total current assets 5,233 8,294 [1]
Property and equipment, net 119 56 [1]
Intangible assets, net 1,568 0 [1]
Goodwill 603 0 [1]
Investment in convertible promissory note 337 312 [1]
Total assets 7,860 8,662 [1]
Current liabilities:    
Accounts payable 51 1 [1]
Promissory note 500 0 [1]
Common stock warrant liability 16 19 [1]
Accrued expenses and other current liabilities 261 316 [1]
Liabilities of discontinued operations 16 246 [1]
Total current liabilities 844 582 [1]
Deferred tax liability 612 0 [1]
Total liabilities 1,456 582 [1]
Stockholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; none issued and outstanding 0 0 [1]
Common stock, $0.01 par value; 50,000,000 shares authorized; 1,925,240 and 1,688,807 shares issued and outstanding at December 31, 2012 and March 31, 2012, respectively 19 17 [1]
Additional paid-in capital 130,489 129,052 [1]
Accumulated other comprehensive loss (142) (142) [1]
Accumulated deficit (123,962) (120,847) [1]
Total stockholders' equity 6,404 8,080 [1]
Total liabilities and stockholders' equity $ 7,860 $ 8,662 [1]
[1] Derived from the Company's audited consolidated financial statements.