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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2016
Mar. 31, 2016
Current Assets:    
Cash and cash equivalents $ 41,574 $ 30,096
Restricted cash   500
Short term investments 10,269 20,155
Trade accounts receivable, net 775 2,800
Royalty receivable 150 1,292
Inventory 2,666 2,056
Prepaid purchases 175 871
Prepaid expenses and other current assets 2,234 556
Total Current Assets 57,843 58,326
Property, plant, and equipment, net 21 29
Deferred tax assets 1,014 1,401
Other assets 131 132
Total Non-current Assets 1,166 1,562
Total Assets 59,009 59,888
Current Liabilities:    
Accounts payable and other current liabilities 1,073 1,691
Due to affiliates   512
Income tax payable 165 455
Total Current Liabilities 1,238 2,658
Total Liabilities 1,238 2,658
Shareholders’ Equity:    
Series A Preferred shares — 10,000,000 shares authorized; 3,677 shares issued and outstanding at December 31, 2016 and March 31, 2016 respectively; liquidation preference of $3,677,000 at December 31, 2016 and March 31, 2016, respectively 3,310 3,310
Common shares — $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at December 31, 2016 and March 31, 2016, respectively; 27,111,232 and 27,129,832 shares outstanding at December 31, 2016 and March 31, 2016, respectively 529 529
Additional paid-in capital 79,792 79,792
Accumulated deficit (1,618) (2,177)
Treasury stock, at cost (25,854,565 and 25,835,965 shares at December 31, 2016 and March 31, 2016, respectively) (24,242) (24,224)
Total Shareholders’ Equity 57,771 57,230
Total Liabilities and Shareholders’ Equity $ 59,009 $ 59,888