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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Mar. 31, 2016
Current Assets:    
Cash and cash equivalents $ 27,471,000 $ 30,096,000
Restricted cash   500,000
Short term investments 25,078,000 20,155,000
Trade accounts receivable, net 1,208,000 2,800,000
Royalty receivable 99,000 1,292,000
Inventory 838,000 2,056,000
Prepaid purchases 750,000 871,000
Prepaid expenses and other current assets 1,494,000 556,000
Total Current Assets 56,938,000 58,326,000
Property, plant, and equipment, net 18,000 29,000
Deferred tax assets, net 791,000 1,401,000
Other assets 101,000 132,000
Total Non-current Assets 910,000 1,562,000
Total Assets 57,848,000 59,888,000
Current Liabilities:    
Accounts payable and other current liabilities 756,000 1,691,000
Due to affiliates   512,000
Income tax payable 165,000 455,000
Total Current Liabilities 921,000 2,658,000
Total Liabilities 921,000 2,658,000
Shareholders’ Equity:    
Series A Preferred shares — 10,000,000 shares authorized; 3,677 shares issued and outstanding; liquidation preference of $3,677,000 3,310,000 3,310,000
Common shares — $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at March 31, 2017 and March 31, 2016, respectively; 27,065,852 and 27,129,832 shares outstanding at March 31, 2017 and March 31, 2016, respectively 529,000 529,000
Additional paid-in capital 79,792,000 79,792,000
Accumulated deficit (2,414,000) (2,177,000)
Treasury stock, at cost (25,899,945 and 25,835,965 shares at March 31, 2017 and March 31, 2016, respectively) (24,290,000) (24,224,000)
Total Shareholders’ Equity 56,927,000 57,230,000
Total Liabilities and Shareholders’ Equity $ 57,848,000 $ 59,888,000