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, unless otherwise specified
Dec. 31, 2012
Mar. 31, 2012
ASSETS    
Cash and cash equivalents $ 6,598 $ 3,351
Accounts receivable, net 3,070 2,151
Inventories, net 901 953
Prepaid expenses and other current assets 331 505
Total current assets 10,900 6,960
Property and equipment, net 729 806
Other assets 201 72
Total assets 11,830 7,838
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)    
Accounts payable 504 816
Accrued expenses and other current liabilities 793 844
Deferred revenue 2,867 1,619
Current portion of long-term debt, net of debt discount of $572 and $624 at December 31, 2012 (unaudited) and March 31, 2012, respectively, and net of prepayment of $238 at December 31, 2012 (See Note 3) 1,134 1,415
Derivative liability    55
Total current liabilities 5,298 4,749
Deferred revenue, less current portion 2,980 133
Long-term debt, net of debt discount of $359 and $769 at December 31, 2012 (unaudited) and March 31, 2012, respectively, and net of prepayment of $398 at December 31, 2012, less current portion (See Note 3) 424 1,824
Put warrant liability, net (See Note 3)    2,000
Total liabilities 8,702 8,706
Commitments and Contingencies      
Stockholders' Equity (Deficiency):    
Convertible preferred stock, $0.0001 par value; 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2012 (unaudited) and March 31, 2012      
Common stock, $0.0001 par value; 100,000,000 shares authorized, 37,339,888 and 29,007,903 shares issued and outstanding at December 31, 2012 (unaudited) and March 31, 2012, respectively 4 3
Additional paid-in capital 141,494 134,496
Accumulated other comprehensive loss (3,070) (3,053)
Accumulated deficit (135,300) (132,314)
Total stockholders' equity (deficiency) 3,128 (868)
Total liabilities and stockholders' equity (deficiency) $ 11,830 $ 7,838