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, 2014
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 5,480 $ 7,900
Accounts receivable, net 1,790 1,707
Due from affiliate 537 0
Inventories, net 1,088 992
Prepaid expenses and other current assets 647 935
Total current assets 9,542 11,534
Property and equipment, net 971 800
Deferred offering costs 0 44
Long-term investment, at cost 10,150 0
Other assets 128 187
Total assets 20,791 12,565
Current liabilities:    
Accounts payable 736 808
Accrued expenses and other current liabilities 889 703
Current portion of cash settlement liability (See Note 3) 0 37
Deferred revenue 2,629 2,320
Current portion of long-term debt, net of debt discount of $0 and $521 at March 31, 2014 and 2013, respectively 143 1,259
Derivative liabilities 3,175 0
Total current liabilities 7,572 5,127
Deferred revenue, less current portion 1,152 2,619
Long-term debt, net of debt discount of $0 and $248 at March 31, 2014 and 2013, respectively, less current portion 4 676
Cash settlement liability, less current portion (See Note 3) 0 62
Total liabilities 8,728 8,484
Commitments and Contingencies      
Stockholders' Equity    
Convertible preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued and outstanding at March 31, 2014 and 2013, respectively 0 0
Common stock, $0.0001 par value; 14,285,715 shares authorized, 8,160,145 and 6,583,150 shares issued and outstanding at March 31, 2014 and 2013, respectively 1 1
Additional paid-in capital 149,141 144,816
Accumulated other comprehensive loss (3,069) (2,991)
Accumulated deficit (134,010) (137,745)
Total stockholders' equity 12,063 4,081
Total liabilities and stockholders' equity $ 20,791 $ 12,565