Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 4,039 $ 7,820
Accounts receivable 250 0
Prepaid expenses and other current assets 102 56
Other assets of discontinued operations 11 418
Total current assets 4,402 8,294
Property and equipment, net 142 56
Intangible assets, net 1,490 0
Goodwill 603 0
Investment in convertible promissory note 345 312
Total assets 6,982 8,662
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 167 317
Common stock warrant liability 10 19
Liabilities of discontinued operations 16 246
Total current liabilities 193 582
Deferred tax liability 581 0
Promissory note 504 0
Total liabilities 1,278 582
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; 1,952,980 and 1,688,807 shares issued and outstanding at March 31, 2013 and 2012, respectively 19 17
Additional paid-in capital 130,602 129,052
Accumulated other comprehensive loss (142) (142)
Accumulated deficit (124,775) (120,847)
Total stockholders' equity 5,704 8,080
Total liabilities and stockholders' equity $ 6,982 $ 8,662