Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,190 $ 7,900
Accounts receivable, net 2,424 1,707
Inventories, net 749 992
Prepaid expenses and other current assets 549 935
Total current assets 6,912 11,534
Property and equipment, net 987 800
Deferred offering costs 824 44
Other assets 159 187
Total assets 8,882 12,565
Current liabilities:    
Accounts payable 1,027 808
Accrued expenses and other current liabilities 699 703
Current portion of cash settlement liability (See Note 3) 116 37
Deferred revenue 2,322 2,320
Current portion of long-term debt, net of debt discount of $430 (unaudited) and $521 at September 30, 2013 and March 31, 2013, respectively 573 1,259
Total current liabilities 4,737 5,127
Deferred revenue 1,883 2,619
Long-term debt, net of debt discount of $45 (unaudited) and $248 at September 30, 2013 and March 31, 2013, respectively, less current portion 519 676
Cash settlement liability, less current portion (See Note 3) 193 62
Total liabilities 7,332 8,484
Commitments and Contingencies      
Stockholders' Equity    
Convertible preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued and outstanding at September 30, 2013 (unaudited) and March 31, 2013, respectively 0 0
Common stock, $0.0001 par value; 14,285,715 shares authorized, 6,633,694 and 6,583,150 shares issued and outstanding at September 30, 2013 (unaudited) and March 31, 2013, respectively 1 1
Additional paid-in capital 145,482 144,816
Accumulated other comprehensive loss (3,077) (2,991)
Accumulated deficit (140,856) (137,745)
Total stockholders' equity 1,550 4,081
Total liabilities and stockholders' equity $ 8,882 $ 12,565