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
 3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net loss $ (2,340) $ (70)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 62 64
Stock-based compensation 412 451
Service provider expenses settled with common stock 107 0
(Loss) gain due to change in fair value of derivative liabilities 59 (1,478)
Foreign currency transaction gain (loss) (9) 8
Gain on disposal of property and equipment 0 (13)
Changes in operating assets and liabilities:    
Accounts receivable, net (1,052) (160)
Due from affiliate 0 537
Inventories, net (82) (213)
Prepaid expenses and other current assets 84 226
Accounts payable 284 206
Accrued expenses and other current liabilities 265 (41)
Deferred revenue (375) (863)
Net cash used in operating activities (2,585) (1,346)
Cash flows from investing activities:    
Purchases of property and equipment (148) (21)
Proceeds from sale of long-term investment 4,538 0
Long-term deposits (12) 13
Net cash provided by (used in) investing activities 4,378 (8)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 879 952
Principal payments on long-term debt (52) (83)
Net cash provided by financing activities 827 869
Effect of exchange rate on cash and cash equivalents (4) (8)
Net increase (decrease) in cash and cash equivalents 2,616 (493)
Cash and cash equivalents, beginning of period 6,136 5,480
Cash and cash equivalents, end of period 8,752 4,987
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 3
Non-cash operating and financing activities:    
Issuance of common stock to settle obligation $ 96 $ 0