v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 19,200,000 [1] $ 21,778,000
Short-term Investments 5,011,000 0
Accounts receivable (net of allowance of $90 at September 30, 2017, and March 31, 2017) 11,038,000 12,075,000
Inventories 9,983,000 12,511,000
Prepaid expenses and other current assets 1,034,000 1,409,000
Total current assets 46,266,000 47,773,000
Land, property and equipment, gross 9,065,000 16,062,000
Less accumulated depreciation and amortization (7,267,000) (14,078,000)
Land, property and equipment, net 1,798,000 1,984,000
Intangible assets, net 13,529,000 15,624,000
Other non-current assets 87,000 160,000
Total assets 61,680,000 65,541,000
Current liabilities:    
Accounts payable 3,210,000 4,163,000
Accrued expenses 3,823,000 4,273,000
Restructuring Reserve, Current 415,000 1,171,000
Deferred revenue 1,055,000 2,359,000
Total current liabilities 8,503,000 11,966,000
Deferred revenue non-current 929,000 1,102,000
Restructuring Reserve, Noncurrent 0 63,000
Other non-current liabilities 317,000 236,000
Total liabilities 9,749,000 13,367,000
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, par $0.01, Authorized - 1,000,000 shares. Issued and outstanding - none 0 0
Additional paid-in capital 417,093,000 416,422,000 [2]
Treasury stock at cost – 4,593,368 and 4,440,600(1) shares at September 30, 2017, and March 31, 2017, respectively (35,790,000) (35,335,000)
Cumulative translation adjustment 0 608,000
Accumulated deficit (329,528,000) (329,676,000)
Total stockholders’ equity 51,931,000 52,174,000
Total liabilities and stockholders’ equity 61,680,000 65,541,000
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 121,000 120,000 [2]
Class B Common Stock    
Stockholders’ equity:    
Common stock, value $ 35,000 $ 35,000 [2]
[1] As of September 30, 2017, the Company has $5.0 million of short-term investments in addition to cash and cash equivalents.
[2] 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.

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