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, 2014
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,430 $ 4,039
Accounts receivable 148 250
Prepaid expenses 104 91
Other current assets 79 11
Deferred financing costs 162 0
Investment in convertible promissory note 378 0
Other assets of discontinued operations 0 11
Total current assets 2,301 4,402
Property and equipment, net 130 142
Intangible assets, net 1,281 1,490
Goodwill 603 603
Investment in convertible promissory note 0 345
Total assets 4,315 6,982
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 255 167
Common stock warrant liability 0 10
Deferred revenue 108 0
Liabilities of discontinued operations 5 16
Total current liabilities 368 193
Deferred tax liability 500 581
Promissory note 509 504
Other long term liabilities 13 0
Total liabilities 1,390 1,278
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; 2,005,187 shares and 1,952,980 shares issued and outstanding as of March 31, 2014 and 2013, respectively 20 19
Additional paid-in capital 130,994 130,602
Accumulated other comprehensive loss 0 (142)
Accumulated deficit (128,089) (124,775)
Total stockholders' equity 2,925 5,704
Total liabilities and stockholders' equity $ 4,315 $ 6,982