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, unless otherwise specified
 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net loss $ (3,111) $ (1,074)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 136 136
Stock-based compensation 666 941
Change in fair value of derivative liability 0 (850)
Loss due to change in fair value of common stock (See Note 3) 210 0
Non-cash interest expense 294 303
Foreign currency transaction gains (5) 7
Changes in operating assets and liabilities:    
Accounts receivable, net (738) (705)
Inventories, net 215 70
Prepaid expenses and other current assets 369 84
Accounts payable 225 (28)
Accrued expenses and other liabilities 76 (71)
Deferred revenue (791) 4,479
Net cash (used in) provided by operating activities (2,454) 3,292
Cash flows from investing activities:    
Purchases of property and equipment (338) (62)
Long-term deposits 26 (143)
Net cash used in investing activities (312) (205)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 0 1,925
Proceeds from the issuance of convertible preferred stock, net of offering costs 0 907
Proceeds from the exercise of common stock options and warrants 0 16
Deferred offering costs (780) 0
Principal payments on long-term debt (1,138) (974)
Net cash (used in) provided by financing activities (1,918) 1,874
Effect of exchange rate on cash and cash equivalents (26) (2)
Net (decrease) increase cash and cash equivalents (4,710) 4,959
Cash and cash equivalents, beginning of period 7,900 3,351
Cash and cash equivalents, end of period 3,190 8,310
Supplemental disclosure of cash flow information:    
Cash paid for interest 143 265
Non-cash operating and financing activities    
Warrants issued as derivative liabilities in connection with registered direct offering $ 0 $ 2,347