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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Mar. 31, 2015
[1]
Mar. 31, 2014
Current assets:      
Cash and cash equivalents $ 6,084 $ 7,521 $ 1,430
Accounts receivable 192 88 148
Prepaid expenses and other current assets 165 91 183
Deferred financing costs     162
Investments     378
Total current assets 6,441 7,700 2,301
Property and equipment, net 107 106 130
Intangible assets, net 441 501 1,281
Goodwill 603 603 603
Investments 818 399 0
Total assets 8,410 9,309 4,315
Current liabilities:      
Accounts payable and accrued expenses 420 529 255
Promissory note payable and interest, current 208 208 0
Deferred revenue 210 104 108
Liabilities of discontinued operations     5
Total current liabilities 838 841 368
Deferred tax liability 172 195 500
Promissory notes payable 333 325 509
Other long-term liabilities 12 12 13
Total liabilities $ 1,355 $ 1,373 1,390
Commitments and contingencies (Note 6)      
Stockholders' equity:      
Preferred stock, $0.01 par value; 5,000,000 shares authorized; none issued and outstanding $ 0 $ 0 0
Common stock, $0.01 par value; 50,000,000 shares authorized; 10,487,373 and 10,469,120 shares issued and outstanding as of June 30, 2015 and March 31, 2015, respectively 105 105 20
Additional paid-in capital 141,129 141,084 130,994
Accumulated other comprehensive income 419 0  
Accumulated deficit (134,598) (133,253) (128,089)
Total stockholders' equity 7,055 7,936 2,925
Total liabilities and stockholders' equity $ 8,410 $ 9,309 $ 4,315
[1] Derived from the Company's audited consolidated financial statements.