Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Mar. 31, 2013
ASSETS    
Cash and cash equivalents $ 5,380 $ 7,900
Accounts receivable, net 2,192 1,707
Inventories, net 813 992
Prepaid expenses and other current assets 566 935
Total current assets 8,951 11,534
Property and equipment, net 908 800
Deferred offering costs 553 44
Other assets 169 187
Total assets 10,581 12,565
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,025 808
Accrued expenses and other current liabilities 648 703
Current portion of cash settlement liability (See Note 3) 153 37
Deferred revenue 2,277 2,320
Current portion of long-term debt, net of debt discount of $469 (unaudited) and $521 at June 30, 2013 and March 31, 2013, respectively 657 1,259
Total current liabilities 4,760 5,127
Deferred revenue 2,253 2,619
Long-term debt, net of debt discount of $133 (unaudited) and $248 at June 30, 2013 and March 31, 2013, respectively, less current portion 696 676
Cash settlement liability, less current portion (See Note 3) 255 62
Total liabilities 7,964 8,484
Commitments and Contingencies      
Stockholders' Equity    
Convertible preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued and outstanding at June 30, 2013 (unaudited) and March 31, 2013, respectively      
Common stock, $0.0001 par value; 14,285,715 shares authorized, 6,625,555 and 6,583,150 shares issued and outstanding at June 30, 2013 (unaudited) and March 31, 2013, respectively 1 1
Additional paid-in capital 145,163 144,816
Accumulated other comprehensive loss (3,090) (2,991)
Accumulated deficit (139,457) (137,745)
Total stockholders' equity 2,617 4,081
Total liabilities and stockholders' equity $ 10,581 $ 12,565