Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net loss $ (797) $ (679)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock compensation expense 84 54
Fair value adjustment of common stock warrants (3) (1)
Depreciation 7 3
Amortization of intangible assets 52 0
Accrued interest on note receivable (8) (8)
Accrued interest promissory note 1 0
Tax benefit related to intangibles (20) 0
Changes in operating assets and liabilities:    
Accounts receivable (20) 0
Prepaid expenses and other assets (97) 37
Accounts payable, accrued expenses and other liabilities 53 (102)
Current assets and liabilities from discontinued operations 137 367
Net cash used in operating activities (611) (329)
Cash flows from investing activities:    
Acquisition of property and equipment (4) 0
Issuance of note receivable 0 (300)
Net cash used in investing activities (4) (300)
Net decrease in cash and cash equivalents (615) (629)
Cash and cash equivalents at beginning of period 4,039 [1] 7,820
Cash and cash equivalents at end of period $ 3,424 $ 7,191
[1] Derived from the Company's audited consolidated financial statements.