STOCK-BASED COMPENSATION

6 Months Ended

Sep. 30, 2014

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

3.STOCK-BASED COMPENSATION

The Company has a stock option plan that provides for the granting of stock options, restricted stock and restricted stock units to directors, employees and consultants. The Company also has an employee stock purchase plan allowing employees to purchase the Company’s common stock at a discount.

Total stock-based compensation expense included in the unaudited condensed consolidated statements of comprehensive loss for the three and six months ended September 30, 2014 and 2013, was as follows (in thousands):

	Three Months Ended September 30,				Six Months Ended September 30,
	2014		2013		2014		2013
Cost of revenue	$	9	$	4	$	10	$	7
Operating expense:
Selling and marketing	62		91		130		211
Research and development	32		91		66		147
General and administrative	85		110		155		241
Total stock-based compensation expense	188		296		361		606
Income tax benefit	—		—		—		—
Net stock-based compensation expense	$	188	$	296	$	361	$	606

Excluded from the table above was stock-based compensation expense related to discontinued operations of approximately $68,000 and $156,000 for the three and six months period ended September 30, 2013.

As of September 30, 2014, there was approximately $1.7 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a weighted-average period of 3.16 years.