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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
Current assets    
Cash $ 399 $ 1,401
Restricted cash 15 15
Accounts receivable, net of allowance for doubtful accounts of $17 and $14 at September 30, 2016 and March 31, 2016, respectively 1,775 1,577
Other receivables 85 232
Inventory 5,510 3,149
Prepaid expenses and other 948 196
Total current assets 8,732 6,570
Property and equipment, net of accumulated depreciation of $3,837 and $3,652 at September 30, 2016 and March 31, 2016, respectively 545 620
Other assets    
Intangible assets 2 2
Deposits 106 156
Total assets 9,385 7,348
Current liabilities    
Accounts payable 2,533 1,733
Accrued expenses 851 964
Customer deposits 195 352
Deferred rent   1
Notes payable-related party 2,759 1,293
Derivative warrant liability 1,547 644
Debt associated with sale of intellectual property 138 160
Total current liabilities 8,023 5,147
Long term liabilities    
Capital lease liability 21  
Total liabilities 8,044 5,147
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $.001 par value, 20,000,000 shares authorized, 2,649,007 issued and outstanding at September 30, 2016 and March 31, 2016 3 3
Common stock, $.001 par value, 750,000,000 shares authorized, 8,579,006 and 7,499,966, shares issued and outstanding at September 30, 2016 and March 31, 2016, respectively 9 7
Additional paid-in capital 86,896 84,129
Stock to be distributed for Scotts Miracle-Gro transactions 1,195 2,391
Accumulated deficit (86,762) (84,329)
Total stockholders’ equity 1,341 2,201
Total liabilities and stockholders’ equity $ 9,385 $ 7,348