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
Sep. 30, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 6,458 $ 7,575
Restricted cash 200 200
Prepaid expenses and other current assets 64 139
Other assets of discontinued operations 456 1,129
Total current assets 7,178 9,043
Property and equipment, net 61 112
Investment in unconsolidated affiliate 1,714 2,046
Total assets 8,953 11,201
Current liabilities:    
Accounts payable 25 262
Common stock warrant liability 12 26
Accrued expenses and other current liabilities 109 94
Liabilities of discontinued operations 758 1,410
Total current liabilities 904 1,792
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; 1,688,943 and 1,687,623 shares issued and outstanding at September 30, 2011 and March 31, 2011, respectively. 17 17
Additional paid-in capital 129,058 128,977
Accumulated other comprehensive loss (138) (167)
Accumulated deficit (120,888) (119,418)
Total stockholders' equity 8,049 9,409
Total liabilities and stockholders' equity $ 8,953 $ 11,201