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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net revenue $ 2,242 $ 1,091 $ 4,398 $ 2,660
Cost of revenue 1,551 761 2,863 1,849
Gross profit 691 330 1,535 811
Operating expenses        
Research and development 114 143 211 274
Sales and marketing 729 668 1,549 1,301
General and administrative 475 561 1,055 1,235
Total operating expenses 1,318 1,372 2,815 2,810
(Loss) from operations (627) (1,042) (1,280) (1,999)
Other income (expense), net        
Fair value changes in derivative warrant liability (458) (66) (903) (330)
Interest expense – related party (27) (58) (31) (58)
Other expense (16) 0 (41) 0
Total other (expense), net (501) (124) (975) (388)
Net loss (1,128) (1,166) (2,255) (2,387)
Change in fair value of stock and dividend to be distributed for Scotts Miracle-Gro transactions (317) 1,177 (767) 1,398
Net income (loss) attributable to common shareholders $ (1,445) $ 11 $ (3,022) $ (989)
Net loss per share, basic and diluted (in Dollars per share) $ (0.17) $ 0.00 $ (0.37) $ (0.14)
Weighted average number of common shares outstanding, basic and diluted (in Shares) 8,576 7,500 8,138 7,102