Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 7,469 $ 6,136
Accounts receivable, net 2,274 1,517
Inventories, net 1,640 1,402
Prepaid expenses and other current assets 1,505 592
Total current assets 12,888 9,647
Property and equipment, net 850 795
Long-term investment 0 4,538
Other assets 65 68
Total assets 13,803 15,048
Current liabilities:    
Accounts payable 1,337 932
Accrued expenses and other current liabilities 1,526 782
Deferred revenue 574 769
Current portion of long-term debt 114 87
Derivative liabilities 0 11
Total current liabilities 3,551 2,581
Deferred revenue, less current portion 112 413
Total liabilities $ 3,663 $ 2,994
Commitments and Contingencies (Note 12)
Stockholders' Equity    
Convertible preferred stock, $0.0001 par value; 714,286 shares authorized, none issued and outstanding at March 31, 2016 and March 31, 2015, respectively $ 0 $ 0
Common stock, $0.0001 par value; 60,000,000 shares authorized at March 31, 2016 and March 31, 2015, 20,984,369 and 15,045,080 shares issued and outstanding at March 31, 2016 and March 31, 2015, respectively (Note 13) 2 2
Additional paid-in capital 166,367 157,772
Accumulated deficit (152,375) (142,213)
Accumulated other comprehensive loss (3,854) (3,507)
Total stockholders' equity 10,140 12,054
Total liabilities and stockholders' equity $ 13,803 $ 15,048