|
Consolidated Statements of Operations and Comprehensive Loss (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
|
Sep. 30, 2013
|
| Income Statement [Abstract] |
|
|
|
|
| Net revenues |
$ 5,462 |
$ 6,759 |
$ 11,016 |
$ 11,543 |
| Cost of revenues |
|
|
|
|
| License fees |
3,316 |
3,919 |
7,112 |
6,633 |
| Other direct cost of revenues |
345 |
456 |
689 |
859 |
| Total cost of revenues |
3,661 |
4,375 |
7,801 |
7,492 |
| Gross profit |
1,801 |
2,384 |
3,215 |
4,051 |
| Operating expenses |
|
|
|
|
| Product development |
2,155 |
2,407 |
4,114 |
3,995 |
| Sales and marketing |
743 |
536 |
1,504 |
909 |
| General and administrative |
3,548 |
3,293 |
6,922 |
7,092 |
| Total operating expenses |
6,446 |
6,236 |
12,540 |
11,996 |
| Loss from operations |
(4,645) |
(3,852) |
(9,325) |
(7,945) |
| Interest and other income / (expense) |
|
|
|
|
| Interest income / (expense) |
(131) |
(194) |
(128) |
(1,633) |
| Foreign exchange transaction gain / (loss) |
(1) |
27 |
(7) |
56 |
| Change in fair value of warrant derivative liabilities gain / (loss) |
|
(811) |
|
(811) |
| Loss on extinguishment of debt |
|
(442) |
|
(442) |
| Gain / (loss) on settlement of debt |
|
33 |
(10) |
33 |
| Gain/ (loss) on disposal of fixed assets |
|
4 |
2 |
2 |
| Gain on change on valuation of long term contingent liability |
|
603 |
|
603 |
| Other income |
3 |
|
12 |
|
| Interest and other expense |
(129) |
(780) |
(131) |
(2,192) |
| Loss from operations before income taxes |
(4,774) |
(4,632) |
(9,456) |
(10,137) |
| Income tax provision / (benefit) |
427 |
85 |
355 |
2 |
| Net loss from continuing operations, net of taxes |
(5,201) |
(4,717) |
(9,811) |
(10,139) |
| Loss from operations of discontinued component |
|
(1,505) |
|
(1,769) |
| Net (loss)/profit |
(5,201) |
(6,222) |
(9,811) |
(11,908) |
| Other comprehensive income: |
|
|
|
|
| Foreign currency translation adjustment |
32 |
333 |
70 |
438 |
| Comprehensive loss: |
$ (5,169) |
$ (5,889) |
$ (9,741) |
$ (11,470) |
| Basic and diluted net loss per common share |
$ (0.14) |
$ (0.25) |
$ (0.26) |
$ (0.53) |
| Continuing operations |
$ (0.14) |
$ (0.19) |
$ (0.26) |
$ (0.45) |
| Discontinued operations |
|
$ (0.06) |
|
$ (0.08) |
| Basic and diluted net loss per common share |
$ (0.14) |
$ (0.25) |
$ (0.26) |
$ (0.53) |
| Weighted average common shares outstanding, basic and diluted |
37,504 |
25,232 |
37,464 |
22,636 |