The Company reported a net loss of $3,508,000 for the three months ended June 30, 2017. At June 30, 2017 and March 31, 2017, the Company’s accumulated deficit amounted to $146,620,000 and $143,101,000, respectively. The Company had working capital of $16,330,000 and $19,355,000 as of June 30, 2017 and March 31, 2017, respectively. The Company expects to continue incurring losses for the foreseeable future and may need to raise additional capital to pursue its product development initiatives, penetrate markets for the sale of its products.

The Company currently anticipates that its cash and cash equivalents will be sufficient to meet its working capital requirements to continue its sales and marketing and research and development efforts for at least 12 months from the date of filing this report.