Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net loss $ (4,103,000) $ (788,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 122,000 101,000
Stock-based compensation 904,000 907,000
Service provider expenses settled with common stock 107,000 0
Gain due to change in fair value of derivative liabilities (6,000) (2,319,000)
Foreign currency transaction (gain) loss (42,000) 15,000
Gain on disposal of property and equipment 0 (13,000)
Changes in operating assets and liabilities:    
Accounts receivable, net (1,158,000) (426,000)
Due from affiliate 0 537,000
Inventories, net (352,000) (188,000)
Prepaid expenses and other current assets 115,000 287,000
Accounts payable 273,000 331,000
Accrued expenses and other current liabilities 366,000 (158,000)
Deferred revenue (559,000) (1,295,000)
Net cash used in operating activities (4,333,000) (3,009,000)
Cash flows from investing activities:    
Purchases of property and equipment (229,000) (16,000)
Proceeds from sale of long-term investment 4,538,000 0
Long-term deposits (9,000) 39,000
Net cash provided by investing activities 4,300,000 23,000
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 2,000,000 1,213,000
Proceeds from exercise of common stock purchase warrants 14,000 0
Principal payments on long-term debt (87,000) (139,000)
Net cash provided by financing activities 1,927,000 1,074,000
Effect of exchange rate on cash and cash equivalents (56,000) (19,000)
Net increase (decrease) in cash and cash equivalents 1,838,000 (1,931,000)
Cash and cash equivalents, beginning of period 6,136,000 5,480,000
Cash and cash equivalents, end of period 7,974,000 3,549,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,000 4,000
Non-cash operating and financing activities:    
Issuance of common stock to settle obligation $ 96,000 $ 0