Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 4,961 $ 4,371
Accounts receivable, net 1,921 2,094
Inventories, net 1,017 733
Prepaid expenses and other current assets 273 611
Total current assets 8,172 7,809
Property and equipment, net 685 802
Other assets 124 53
Total assets 8,981 8,664
Current liabilities:    
Accounts payable 879 669
Accrued expenses and other current liabilities 679 694
Deferred revenue 1,852 1,808
Current portion of long-term debt, net of debt discount of $607 and $237 at December 31, 2011 and March 31, 2011, respectively 944 907
Derivative liability 34 337
Total current liabilities 4,388 4,415
Deferred revenue 140 160
Long-term debt, net of debt discount of $931 and $354 at December 31, 2011 and March 31, 2011, respectively, less current portion 2,290 1,638
Put warrant liability 2,000 750
Total liabilities 8,818 6,963
Commitments and Contingencies      
Stockholders’ (Deficit) Equity:    
Convertible preferred stock, $0.0001 par value; 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2011 (unaudited) and March 31, 2011      
Common stock, $0.0001 par value; 100,000,000 shares authorized, 28,855,729 and 26,576,302 shares issued and outstanding at December 31, 2011 (unaudited) and March 31, 2011, respectively 3 3
Additional paid-in capital 133,868 129,584
Accumulated other comprehensive loss (3,162) (2,901)
Accumulated deficit (130,546) (124,985)
Total stockholders’ equity 163 1,701
Total liabilities and stockholders’ equity $ 8,981 $ 8,664