Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 24,963 $ 21,778
Short-term investments 2,779 0
Accounts receivable (net of allowance of $95 and $90 at March 31, 2018 and 2017, respectively) 8,872 12,075
Inventories 9,222 12,511
Prepaid expenses and other current assets 816 1,409
Total current assets 46,652 47,773
Non-current assets:    
Land, property and equipment, gross 8,381 16,062
Less accumulated depreciation and amortization (6,780) (14,078)
Land, property and equipment, net 1,601 1,984
Finite-Lived Intangible Assets, Net 11,435 15,624
Other non-current assets 771 160
Total assets 60,459 65,541
Current liabilities:    
Accounts payable 1,903 4,163
Accrued expenses 3,328 4,273
Accrued restructuring 63 1,171
Deferred revenue 1,790 2,359
Total current liabilities 7,084 11,966
Deferred revenue non-current 846 1,102
Accrued restructuring non-current 0 63
Other non-current liabilities 234 236
Total liabilities 8,164 13,367
Commitments and contingencies (see Note 5)
Stockholders' equity:    
Preferred stock, par $0.01, Authorized – 1,000,000 shares Issued and outstanding – none 0 0
Additional paid-in capital 417,691 416,422 [1]
Treasury stock at cost – 4,633,871 and 4,440,660(1) shares at March 31, 2018 and 2017, respectively (35,907) (35,335)
Cumulative translation adjustment 0 608
Accumulated deficit (329,645) (329,676)
Total stockholders’ equity 52,295 52,174
Total liabilities and stockholders’ equity 60,459 65,541
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock, value 121 120 [1]
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock, value $ 35 $ 35 [1]
[1] All common stock (except authorized shares), equity share, and per share amounts have been retroactively adjusted to reflect a one-for-four reverse stock split, which was effective June 7, 2017.