9. ACQUISTION (Tables)

9 Months Ended

Dec. 31, 2015

Acquisition

Schedule of fair value allocated to tangible and identifiable intangible assets and goodwill

The fair value allocated to tangible and identifiable intangible assets and goodwill of MikaMonu acquired on November 23, 2015 was computed as follows (in thousands):

Cash and cash equivalents	$	1
Other receivables		54
Property and equipment, net		10
Intangible assets		3,500
Goodwill		8,030
Total assets acquired		11,595
Accrued expenses		(10)
Net deferred tax liability		(821)
Total liabilities assumed		(831)
Fair value of net assets acquired	$	10,764

Schedule of components of identifiable assets acquired

	Fair Value		Useful Life
	(in thousands)		(in years)
Patents	$	3,500	15
Total acquired identifiable intangible assets	$	3,500

Schedule of pro forma financial information

The following table summarizes total net revenues and net loss of the combined entity had the acquisition of MikaMonu occurred on April 1, 2014 (in thousands, except loss per share data):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2015		2014		2015		2014
Pro forma net revenues	$	12,921	$	14,227	$	40,523	$	40,670
Pro forma net loss	$	(563)	$	(166)	$	(2,540)	$	(3,229)
Pro forma net loss per share, basic and diluted	$	(0.02)	$	(0.01)	$	(0.11)	$	(0.13)