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
Dec. 31, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,437 $ 7,900
Accounts receivable, net 2,603 1,707
Inventories, net 970 992
Prepaid expenses and other current assets 483 935
Total current assets 7,493 11,534
Property and equipment, net 1,046 800
Deferred offering costs 1,160 44
Other assets 144 187
Total assets 9,843 12,565
Current liabilities:    
Accounts payable 1,638 808
Accrued expenses and other current liabilities 588 703
Current portion of cash settlement liability (See Note 3) 0 37
Deferred revenue 2,657 2,320
Current portion of long-term debt, net of debt discount of $521 at March 31, 2013 37 1,259
Total current liabilities 4,920 5,127
Deferred revenue 1,514 2,619
Long-term debt, net of debt discount of $248 at March 31, 2013, less current portion 12 676
Cash settlement liability, less current portion (See Note 3) 0 62
Total liabilities 6,446 8,484
Commitments and Contingencies      
Stockholders' Equity    
Convertible preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued and outstanding at December 31, 2013 (unaudited) and March 31, 2013, respectively 0 0
Common stock, $0.0001 par value; 14,285,715 shares authorized, 7,239,131 and 6,583,150 shares issued and outstanding at December 31, 2013 (unaudited) and March 31, 2013, respectively 1 1
Additional paid-in capital 147,932 144,816
Accumulated other comprehensive loss (3,069) (2,991)
Accumulated deficit (141,467) (137,745)
Total stockholders' equity 3,397 4,081
Total liabilities and stockholders' equity $ 9,843 $ 12,565