Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities    
Net loss $ (3,722) $ (2,986)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 211 197
Stock-based compensation 1,114 1,397
Change in fair value of derivative liability 0 (766)
Gain (loss) due to change in fair value of common stock (See Note 3) (1,357) 864
Non-cash interest expense 863 461
Foreign currency transaction gains (6) 4
Changes in operating assets and liabilities:    
Accounts receivable, net (908) (942)
Inventories, net (2) 46
Prepaid expenses and other current assets 435 171
Accounts payable 835 (305)
Accrued expenses and other liabilities (52) 278
Deferred revenue (812) 3,775
Net cash (used in) provided by operating activities (3,401) 2,194
Cash flows from investing activities:    
Purchases of property and equipment (470) (128)
Long-term deposits 42 (126)
Net cash used in investing activities (428) (254)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 2,002 1,890
Proceeds from the issuance of convertible preferred stock, net of offering costs 0 907
Proceeds from the exercise of common stock options and warrants 0 16
Proceeds received in connection with stock purchase agreement (See Note 3) 33 0
Deferred offering costs (1,116) 0
Principal payments on long-term debt (1,524) (1,508)
Net cash (used in) provided by financing activities (605) 1,305
Effect of exchange rate on cash and cash equivalents (29) 2
Net (decrease) increase in cash and cash equivalents (4,463) 3,247
Cash and cash equivalents, beginning of period 7,900 3,351
Cash and cash equivalents, end of period 3,437 6,598
Supplemental disclosure of cash flow information:    
Cash paid for interest 193 382
Non-cash operating and financing activities    
Common stock issued in connection with stock purchase agreement (See Note 3) 0 3,500
Reclassification of derivative liabilities to paid in capital 0 1,636
Warrants issued as derivative liabilities in connection with registered direct offering 0 2,347
Obligations settled in connection with stock purchase agreement (See Note 3) $ 3,225 $ 0