Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities    
Net loss $ (2,986) $ (5,561)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 197 245
Stock-based compensation 1,397 2,339
Change in fair value of derivative liability (766) (303)
Loss due to change in fair value of common stock (See Note 3) 864   
Non-cash interest expense 461 303
Foreign currency transaction losses 4 8
Changes in operating assets and liabilities:    
Accounts receivable, net (942) (61)
Inventories, net 46 (361)
Prepaid expenses and other current assets 171 314
Accounts payable (305) 241
Accrued expenses and other liabilities 4,053 118
Net cash provided by (used in) operating activities 2,194 (2,718)
Cash flows from investing activities:    
Changes in other assets (128) (147)
Purchases of property and equipment (126) (78)
Net cash used in investing activities (254) (225)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 1,890 1,894
Proceeds from the issuance of convertible preferred stock, net of offering costs 907   
Proceeds from the exercise of common stock options and warrants 16 52
Proceeds from issuance of long-term debt    2,500
Principal payments on long-term debt (1,508) (865)
Net cash provided by financing activities 1,305 3,581
Effect of exchange rate on cash and cash equivalents 2 (48)
Net increase in cash and cash equivalents 3,247 590
Cash and cash equivalents, beginning of period 3,351 4,371
Cash and cash equivalents, end of period 6,598 4,961
Supplemental disclosure of cash flow information:    
Cash paid for interest 382 349
Non-cash financing activities:    
Common stock issued in connection with stock purchase agreement (See Note 3) 3,500   
Reclassification of derivative liabilities to paid in capital 1,636   
Warrants issued as derivative liabilities in connection with registered direct offering 2,347   
Debt discount in connection with long-term debt    $ 1,250