Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Mar. 31, 2012
ASSETS    
Cash and cash equivalents $ 8,310 $ 3,351
Accounts receivable, net 2,842 2,151
Inventories, net 876 953
Prepaid expenses and other current assets 419 505
Total current assets 12,447 6,960
Property and equipment, net 730 806
Other assets 215 72
Total assets 13,392 7,838
LIABILITIES AND STOCKHOLDERS' DEFICIENCY    
Accounts payable 783 816
Accrued expenses and other current liabilities 765 844
Deferred revenue 2,874 1,619
Current portion of long-term debt, net of debt discount of $615 and $624 at September 30, 2012 (unaudited) and March 31, 2012, respectively 1,477 1,415
Derivative liability 1,552 55
Total current liabilities 7,451 4,749
Deferred revenue, less current portion 3,350 133
Long-term debt, net of debt discount of $475 and $769 at September 30, 2012 (unaudited) and March 31, 2012, respectively, less current portion 1,092 1,824
Put warrant liability 2,000 2,000
Total liabilities 13,893 8,706
Commitments and Contingencies     
Stockholders' Deficiency:    
Convertible preferred stock, $0.0001 par value; 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2012 (unaudited) and March 31, 2012 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized, 32,768,903 and 29,007,903 shares issued and outstanding at September 30, 2012 (unaudited) and March 31, 2012, respectively 3 3
Additional paid-in capital 135,938 134,496
Accumulated other comprehensive loss (3,054) (3,053)
Accumulated deficit (133,388) (132,314)
Total stockholders' deficiency (501) (868)
Total liabilities and stockholders' deficiency $ 13,392 $ 7,838