Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Mar. 31, 2015
 [1]
Current assets:    
Cash and cash equivalents $ 5,003 $ 7,521
Accounts receivable 40 88
Prepaid expenses and other current assets 108 91
Total current assets 5,151 7,700
Property and equipment, net 97 106
Intangible assets, net 398 501
Goodwill 603 603
Investments 859 399
Total assets 7,108 9,309
Current liabilities:    
Accounts payable and accrued expenses 289 529
Promissory notes payable and interest, current 170 208
Deferred revenue 144 104
Total current liabilities 603 841
Deferred tax liability 155 195
Promissory notes payable 167 325
Other long-term liabilities 11 12
Total liabilities $ 936 $ 1,373
Commitments and contingencies (Note 6)
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; 10,487,373 and 10,469,120 shares issued and outstanding as of September 30, and March 31, 2015, respectively 105 105
Additional paid-in capital 141,161 141,084
Accumulated other comprehensive income 460 0
Accumulated deficit (135,554) (133,253)
Total stockholders' equity 6,172 7,936
Total liabilities and stockholders' equity $ 7,108 $ 9,309
[1] Derived from the Company's audited consolidated financial statements.