PART I: FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS OPTi INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Mar. 31, 2011
Current assets:
Cash and cash equivalents	$ 22,507	$ 25,779
Prepaid expenses and other current assets	49	105
Income tax receivable	1,174
Deferred tax asset		556
Total current assets	23,730	26,440
Property and equipment, at cost
Machinery and equipment	43	62
Furniture and fixtures	17	17
	60	79
Accumulated depreciation	(50)	(70)
	10	9
Other assets
Non-current deferred tax assets		783
Total other assets		783
Total assets	23,740	27,232
Current liabilities:
Accounts payable	79	32
Accrued expenses	229	211
Accrued employee compensation	9	684
Total current liabilities	317	927
Other liabilities:
Non-current taxes payable	3,759	4,098
Total liabilities	4,076	5,025
Common stock
Issued and outstanding – 11,646 at December 31, 2011 and March 31, 2011	13,544	13,544
Retained earnings	6,120	8,663
Total stockholders’ equity	19,664	22,207
Total liabilities and stockholders’ equity	$ 23,740	$ 27,232