XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Mar. 31, 2017
ASSETS    
Cash and cash equivalents $ 13,656 $ 9,429
Accounts receivable, net of allowance for doubtful accounts of $111 and $114 as of June 30, 2017 and March 31, 2017, respectively 6,688 7,042
Restricted cash 26 34
Prepaid expenses and other current assets 1,443 1,553
Total current assets 21,813 18,058
Property and equipment, net 84 85
Capitalized software development costs, net 2,578 2,341
Goodwill 14,904 14,448
Other intangibles, net 5,441 5,860
Other assets 1,531 1,599
Total assets 46,351 42,391
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Credit facility 11,861 11,861
Accounts payable 1,996 2,478
Accrued payroll and related liabilities 1,972 1,729
Other accrued liabilities 2,423 2,042
Deferred revenue 9,828 10,070
Income tax payable 120 23
COFACE loan 130 174
Total current liabilities 28,330 28,377
Long-term deferred revenue 36 10
Convertible note, net of debt discount 6,845 7,599
Other long-term liabilities 1,306 1,306
Total liabilities 36,517 37,292
Commitments and contingencies (Notes 8 and 9):
Stockholders' equity:    
Common stock, $0.0001 par value; Authorized: 35,000 shares at June 30, 2017 and March 31, 2017; Issued: 14,740 and 12,223 shares at June 30, 2017 and March 31, 2017, respectively; Outstanding: 14,595 and 12,078 shares at June 30, 2017 and March 31, 2017, respectively 7 5
Additional paid-in capital 324,009 317,367
Treasury stock at cost - 145 shares at June 30, 2017 and March 31, 2017 (472) (472)
Accumulated deficit (313,855) (311,749)
Accumulated other comprehensive income (loss) 145 (52)
Total stockholders’ equity 9,834 5,099
Total liabilities and stockholders’ equity $ 46,351 $ 42,391