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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
Current Assets:    
Cash and cash equivalents $ 39,025 $ 30,096
Restricted cash   500
Short term investments 13,064 20,155
Trade accounts receivable, net 870 2,800
Royalty receivable 248 1,292
Inventory 3,888 2,056
Prepaid purchases 516 871
Prepaid expenses and other current assets 800 556
Total Current Assets 58,411 58,326
Property, plant, and equipment, net 25 29
Deferred tax assets 1,319 1,401
Other assets 132 132
Total Non-current Assets 1,476 1,562
Total Assets 59,887 59,888
Current Liabilities:    
Accounts payable and other current liabilities 1,118 1,691
Deferred revenue 938  
Due to affiliates   512
Income tax payable 490 455
Total Current Liabilities 2,546 2,658
Total Liabilities 2,546 2,658
Shareholders’ Equity:    
Series A Preferred shares — 10,000,000 shares authorized; 3,677 shares issued and outstanding at September 30, 2016 and March 31, 2016 respectively; liquidation preference of $3,677,000 at September 30, 2016 and March 31, 2016, respectively 3,310 3,310
Common shares — $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at September 30, 2016 and March 31, 2016, respectively; 27,129,832 shares outstanding at September 30, 2016 and March 31, 2016, respectively 529 529
Additional paid-in capital 79,792 79,792
Accumulated deficit (2,066) (2,177)
Treasury stock, at cost (25,835,965 shares) (24,224) (24,224)
Total Shareholders’ Equity 57,341 57,230
Total Liabilities and Shareholders’ Equity $ 59,887 $ 59,888