Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Mar. 31, 2011
ASSETS    
Cash and cash equivalents $ 5,025 $ 4,371
Accounts receivable, net 2,063 2,094
Inventories, net 762 733
Prepaid expenses and other current assets 507 611
Total current assets 8,357 7,809
Property and equipment, net 784 802
Other assets 69 53
Total assets 9,210 8,664
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 782 669
Accrued expenses and other current liabilities 1,171 694
Deferred revenue 1,878 1,808
Current portion of long-term debt, net of debt discount of $490 and $237 at June 30, 2011 and March 31, 2011, respectively 804 907
Derivative liability 241 337
Total current liabilities 4,876 4,415
Deferred revenue 154 160
Long-term debt, net of debt discount of $980 and $354 at June 30, 2011 and March 31, 2011, respectively, less current portion 2,105 1,638
Put warrant liability 1,688 750
Total liabilities 8,823 6,963
Commitments and Contingencies    
Stockholders' Equity:    
Common stock, $0.0001 par value; 100,000,000 shares authorized, 26,750,428 and 26,576,302 shares issued and outstanding at June 30, 2011 (unaudited) and March 31, 2011, respectively 3 3
Additional paid-in capital 130,412 129,584
Accumulated other comprehensive loss (2,868) (2,901)
Accumulated deficit (127,160) (124,985)
Total stockholders' equity 387 1,701
Total liabilities and stockholders' equity 9,210 8,664
Convertible Preferred Stock
    
Stockholders' Equity:    
Convertible preferred stock, $0.0001 par value; 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2011 (unaudited) and March 31, 2011 $ 0 $ 0