Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Mar. 31, 2012
ASSETS    
Cash and cash equivalents $ 7,900 $ 3,351
Accounts receivable, net 1,707 2,151
Inventories, net 992 953
Prepaid expenses and other current assets 935 505
Total current assets 11,534 6,960
Property and equipment, net 800 806
Deferred offering costs 44 0
Other assets 187 72
Total assets 12,565 7,838
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)    
Accounts payable 808 816
Accrued expenses and other current liabilities 703 844
Current portion of cash settlement liability (See Note 9) 37 0
Deferred revenue 2,320 1,619
Current portion of long-term debt, net of debt discount of $521 and $624 at March 31, 2013 and March 31, 2012, respectively 1,259 1,415
Derivative liability 0 55
Total current liabilities 5,127 4,749
Deferred revenue, less current portion 2,619 133
Long-term debt, net of debt discount of $248 and $769 at March 31, 2013 and March 31, 2012, respectively, less current portion 676 1,824
Cash settlement liability, less current portion (See Note 9) 62 2,000
Total liabilities 8,484 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 March 31, 2013 and 2012, respectively 0 0
Common stock, $0.0001 par value; 14,285,715 shares authorized, 6,583,150 and 4,144,206 shares issued and outstanding at March 31, 2013 and 2012, respectively 1 0
Additional paid-in capital 144,816 134,499
Accumulated other comprehensive loss (2,991) (3,053)
Accumulated deficit (137,745) (132,314)
Total stockholders' equity (deficiency) 4,081 (868)
Total liabilities and stockholders' equity (deficiency) $ 12,565 $ 7,838