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
 3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net loss $ (70) $ (1,712)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 64 65
Stock-based compensation 451 347
Change in fair value of derivative liability (see Note 4) (1,478) 0
Loss due to change in fair value of common stock 0 309
Non-cash interest expense 0 167
Foreign currency transaction gains 8 (2)
Gain on disposal of property and equipment (13) 0
Changes in operating assets and liabilities:    
Accounts receivable, net (160) (519)
Due from affiliate 537 0
Inventories, net (213) 148
Prepaid expenses and other current assets 226 354
Accounts payable 206 224
Accrued expenses and other liabilities (41) (28)
Deferred revenue (863) (410)
Net cash used in operating activities (1,346) (1,057)
Cash flows from investing activities:    
Purchases of property and equipment (21) (186)
Long-term deposits 13 16
Net cash used in investing activities (8) (170)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 952 0
Deferred offering costs 0 (509)
Principal payments on long-term debt (83) (748)
Net cash provided by (used in) financing activities 869 (1,257)
Effect of exchange rate on cash and cash equivalents (8) (36)
Net (decrease) in cash and cash equivalents (493) (2,520)
Cash and cash equivalents, beginning of year 5,480 7,900
Cash and cash equivalents, end of period 4,987 5,380
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 3 $ 83