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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Mar. 31, 2017
Current Assets:    
Cash and cash equivalents $ 21,927 $ 27,471
Short term investments 23,175 25,078
Accounts receivable, net 1,778 1,208
Royalty receivable 63 99
Inventory 3,417 838
Prepaid purchases 366 750
Prepaid expenses and other current assets 830 1,494
Total Current Assets 51,556 56,938
Property, plant, and equipment, net 18 18
Deferred tax assets, net 815 791
Other assets 101 101
Total Non-current Assets 934 910
Total Assets 52,490 57,848
Current Liabilities:    
Accounts payable and other current liabilities 981 756
Income tax payable 166 165
Total Current Liabilities 1,147 921
Total Liabilities 1,147 921
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 3,310
Common shares — $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at September 30, 2017 and March 31, 2017, respectively; 24,572,801 and 27,065,852 shares outstanding at September 30, 2017 and March 31, 2017, respectively 529 529
Additional paid-in capital 79,792 79,792
Accumulated deficit (4,346) (2,414)
Treasury stock, at cost (28,392,996 and 25,899,945 shares at September 30, 2017 and March 31, 2017, respectively) (27,942) (24,290)
Total Shareholders’ Equity 51,343 56,927
Total Liabilities and Shareholders’ Equity $ 52,490 $ 57,848