XML 41 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:        
Net loss $ (1,345) $ (1,248) $ (5,164) $ (3,314)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock based compensation expense 36 94 664 352
Fair value adjustment of common stock warrants     0 (10)
Depreciation 10 9 41 34
Reclassified loss of foreign exchange translation     0 142
Loss on disposal of property and equipment 4 0    
Intangible asset impairment     571 0
Amortization of intangible assets 60 52 209 209
Accrued interest on convertible note receivable 0 (9) (21) (33)
Deferred taxes (23) (21) (305) (81)
Accrued interest on promissory note payable 8 2 24 5
Changes in operating assets and liabilities:        
Accounts receivable (104) 24 60 102
Prepaid expenses and other current assets (74) (63) 92 (46)
Deferred financing costs 0 162    
Accounts payable and accrued expenses (100) 191 268 101
Deferred revenue 106 79    
Current assets and liabilities from discontinued operations, net 0 (5) (4) 108
Net cash used in operating activities     (3,565) (2,431)
Cash flows from investing activities:        
Acquisition of property and equipment (15) (13) (17) (22)
Net cash used in investing activities (15) (13) (17) (22)
Cash flows from financing activities:        
Proceeds from issuance of note payable     678 0
Payments on note payable     (678) 0
Financing costs     (1,349) (162)
Proceeds from warrants exercised     204 0
Proceeds from at-the-market facility 0 23 23 6
Proceeds from sale of common stock, net of expenses of $466 0 1,361 10,795 0
Net cash provided by financing activities 0 1,384 9,673 (156)
Net cash increase/(decrease) in cash and cash equivalents (1,437) 638 6,091 (2,609)
Cash and cash equivalents, beginning 7,521 [1] 1,430 1,430  
Cash and cash equivalents, ending 6,084 2,068 7,521 [1] 1,430
Supplemental disclosure of non-cash activities:        
Unrealized gain on available-for-sale securities 419 0    
Over accrued financing costs $ 9 $ 0    
Amount receivable from stock option exercise     0 35
Applied deferred financing costs     $ 162 $ 0
[1] Derived from the Company's audited consolidated financial statements.