Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2019

Schedule of Inventory, Current [Table Text Block]

The components of inventories are as follows:



	March 31,
(in thousands)	2019		2018
Raw materials	$	3,445	$	2,969
Finished goods	6,356		6,253
Total inventories	$	9,801	$	9,222

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment [Table Text Block]

The components of fixed assets are as follows:



	March 31,
(in thousands)	2019			2018
Land	$	672		$	672
Machinery and equipment	1,372			1,296
Office, computer and research equipment	5,267			5,175
Leasehold improvements	798			1,238
Land, property and equipment, gross	$	8,109		$	8,381
Less accumulated depreciation and amortization	(6,811		)	(6,780		)
Land, property and equipment, net	$	1,298		$	1,601

Intangible Assets

Schedule of Accrued Liabilities [Table Text Block]

The components of accrued expenses are as follows:



	March 31,
(in thousands)	2019		2018
Accrued compensation	$	656	$	772
Accrued contractual obligation	1,445		1,445
Other accrued expenses	1,466		1,063
Total accrued expenses	$	3,567	$	3,280

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

Financial Statement Impact of Adopting ASC 606

The following table summarizes the changes made to the Company's Consolidated Balance Sheets as of March 31, 2018 for the adoption of ASC 606:



(in thousands)	As reported March 31, 2018			Adjustments due to ASC 606			Adjusted as of April 1, 2018
Assets:
Prepaid expenses and other current assets	$	816		$	72		$	888
Liabilities:
Accrued expenses	3,280			72			3,352
Deferred revenue	1,790			(110		)	1,680
Deferred revenue non-current	846			(219		)	627
Stockholders' Equity:
Accumulated deficit	$	(329,645	)	$	329		$	(329,316	)

The following table summarizes the impacts of adopting ASC 606 on the Company’s Consolidated Balance Sheets as of March 31, 2019:



(in thousands)	As of March 31, 2019
	As reported under ASC 606			Effect of Change Increase/ (Decrease)			Proforma under ASC 605
Assets:
Prepaid expenses and other current assets	$	1,706		$	(175	)	$	1,531
Liabilities:
Accrued expenses	3,567			(175		)	3,392
Deferred revenue	1,217			110			1,327
Deferred revenue non-current	444			109			553
Stockholders' Equity:
Accumulated deficit	$	(340,698	)	$	(219	)	$	(340,917	)

The following table summarizes the impacts of adopting ASC 606 on the Company’s Consolidated Statement of Operations for the fiscal year ended March 31, 2019:



(in thousands)	For the twelve months ended March 31, 2019
	As reported under ASC 606			Effect of Change Increase/ (Decrease)		Proforma under ASC 605
Revenue	$	43,570		$	110	$	43,680
Gross Profit	18,364			110		18,474
Net income (loss) from continuing operations	(11,037		)	110		(10,927		)
Net income (loss)	$	(11,382	)	$	110	$	(11,272	)

Disaggregation of Revenue [Table Text Block]

Disaggregation of revenue

The following table disaggregates our revenue by major source:



(In thousands)	Fiscal year ended March 31,
	2019 (under ASC 606)		2018 (under ASC 605)
Revenue:
Products	$	38,700	$	51,891
Software	1,008		1,568
Services	3,862		5,118
Total revenue	$	43,570	$	58,577

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

The following is the expected future revenue recognition timing of deferred revenue as of March 31, 2019:



(in thousands)	< 1 year		1-2 years		> 2 years
Deferred Revenue	$	1,217	$	251	$	193