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Guarantor and Non-Guarantor Financial Statements (Tables) | 6 Months Ended
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Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheet | Condensed Consolidated Balance Sheet as of September 30, 2017 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
ASSETS |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash |  | $ | 533 |  |  | $ | 4,878 |  |  | $ | 456 |  |  | $ | 5,867 |
Restricted cash |  | 156 |  |  | 175 |  |  | — |  |  | 331 |
Accounts receivable, net of allowance of $832 |  | — |  |  | 23,110 |  |  | 677 |  |  | 23,787 |
Deposits |  | — |  |  | 117 |  |  | — |  |  | 117 |
Prepaid expenses and other current assets |  | 217 |  |  | 213 |  |  | 14 |  |  | 444 |
Total current assets |  | 906 |  |  | 28,493 |  |  | 1,147 |  |  | 30,546 |
Property and equipment, net |  | 55 |  |  | 2,493 |  |  | 17 |  |  | 2,565 |
Deferred tax assets |  | 688 |  |  |  |  |  |  |  |  | 688 |
Intangible assets, net |  | 1 |  |  | 1,900 |  |  | 1,492 |  |  | 3,393 |
Goodwill |  | — |  |  | 70,377 |  |  | 6,244 |  |  | 76,621 |
TOTAL ASSETS |  | $ | 1,650 |  |  | $ | 103,263 |  |  | $ | 8,900 |  |  | $ | 113,813 |
INTERCOMPANY |  |  |  |  |  |  |  |
Intercompany payable/receivable, net |  | 121,681 |  |  | (106,267 | ) |  | (15,414 | ) |  | — |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 751 |  |  | $ | 22,326 |  |  | $ | 200 |  |  | $ | 23,277 |
Accrued license fees and revenue share |  | — |  |  | 10,051 |  |  | 391 |  |  | 10,442 |
Accrued compensation |  | 534 |  |  | 1,342 |  |  | — |  |  | 1,876 |
Short-term debt, net of debt issuance costs and discounts of $290 |  | 2,210 |  |  | — |  |  | — |  |  | 2,210 |
Other current liabilities |  | 714 |  |  | 544 |  |  | (64 | ) |  | 1,194 |
Total current liabilities |  | 4,209 |  |  | 34,263 |  |  | 527 |  |  | 38,999 |
Convertible notes, net of debt issuance costs and discounts of $3,491 |  | 6,509 |  |  | — |  |  | — |  |  | 6,509 |
Convertible note embedded derivative liability |  | 5,116 |  |  | — |  |  | — |  |  | 5,116 |
Warrant liability |  | 2,704 |  |  | — |  |  | — |  |  | 2,704 |
Other non-current liabilities |  | 168 |  |  | 73 |  |  | — |  |  | 241 |
Total liabilities |  | 18,706 |  |  | 34,336 |  |  | 527 |  |  | 53,569 |
Stockholders' equity |  |  |  |  |  |  |  |
Preferred stock |  |  |  |  |  |  |  |
Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1,000) |  | 100 |  |  | — |  |  | — |  |  | 100 |
Common stock |  |  |  |  |  |  |  |
$0.0001 par value: 200,000,000 shares authorized; 72,396,491 issued and 71,662,035 outstanding at September 30, 2017. |  | 10 |  |  | — |  |  | — |  |  | 10 |
Additional paid-in capital |  | 308,415 |  |  | — |  |  | — |  |  | 308,415 |
Treasury stock (754,599 shares at September 30, 2017) |  | (71 | ) |  | — |  |  | — |  |  | (71 | )
Accumulated other comprehensive loss |  | (18 | ) |  | (1,443 | ) |  | 1,135 |  |  | (326 | )
Accumulated deficit |  | (203,811 | ) |  | (35,897 | ) |  | (8,176 | ) |  | (247,884 | )
Total stockholders' equity |  | 104,625 |  |  | (37,340 | ) |  | (7,041 | ) |  | 60,244 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 123,331 |  |  | $ | (3,004 | ) |  | $ | (6,514 | ) |  | $ | 113,813 |
Condensed Consolidated Balance Sheet as of March 31, 2017 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
ASSETS |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash |  | $ | 258 |  |  | $ | 5,333 |  |  | $ | 558 |  |  | $ | 6,149 |
Restricted cash |  | 156 |  |  | 175 |  |  | — |  |  | 331 |
Accounts receivable, net of allowance of $597 |  | — |  |  | 15,740 |  |  | 814 |  |  | 16,554 |
Deposits |  | — |  |  | 121 |  |  | — |  |  | 121 |
Prepaid expenses and other current assets |  | 282 |  |  | 226 |  |  | 2 |  |  | 510 |
Total current assets |  | 696 |  |  | 21,595 |  |  | 1,374 |  |  | 23,665 |
Property and equipment, net |  | 64 |  |  | 2,296 |  |  | 17 |  |  | 2,377 |
Deferred tax assets |  | 352 |  |  | — |  |  | — |  |  | 352 |
Intangible assets, net |  | — |  |  | 2,647 |  |  | 1,918 |  |  | 4,565 |
Goodwill |  | — |  |  | 70,377 |  |  | 6,244 |  |  | 76,621 |
TOTAL ASSETS |  | $ | 1,112 |  |  | $ | 96,915 |  |  | $ | 9,553 |  |  | $ | 107,580 |
INTERCOMPANY |  |  |  |  |  |  |  |
Intercompany payable/receivable, net |  | 123,800 |  |  | (107,348 | ) |  | (16,452 | ) |  | — |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1,023 |  |  | $ | 18,697 |  |  | $ | 148 |  |  | $ | 19,868 |
Accrued license fees and revenue share |  | — |  |  | 8,312 |  |  | 217 |  |  | 8,529 |
Accrued compensation |  | 32 |  |  | 1,041 |  |  | — |  |  | 1,073 |
Other current liabilities |  | 794 |  |  | 510 |  |  | — |  |  | 1,304 |
Total current liabilities |  | 1,849 |  |  | 28,560 |  |  | 365 |  |  | 30,774 |
Convertible notes, net of debt issuance costs and discounts of $6,315 |  | 9,685 |  |  | — |  |  | — |  |  | 9,685 |
Convertible note embedded derivative liability |  | 3,218 |  |  | — |  |  | — |  |  | 3,218 |
Warrant liability |  | 1,076 |  |  | — |  |  | — |  |  | 1,076 |
Other non-current liabilities |  | 695 |  |  | 87 |  |  | — |  |  | 782 |
Total liabilities |  | 16,523 |  |  | 28,647 |  |  | 365 |  |  | 45,535 |
Stockholders' equity |  |  |  |  |  |  |  |
Preferred stock |  |  |  |  |  |  |  |
Series A convertible preferred stock at $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1,000) |  | 100 |  |  | — |  |  | — |  |  | 100 |
Common stock |  |  |  |  |  |  |  |
$0.0001 par value: 200,000,000 shares authorized; 67,329,262 issued and 66,594,806 outstanding at March 31, 2017 |  | 8 |  |  | — |  |  | — |  |  | 8 |
Additional paid-in capital |  | 299,580 |  |  | — |  |  | — |  |  | 299,580 |
Treasury stock (754,599 shares at March 31, 2017) |  | (71 | ) |  | — |  |  | — |  |  | (71 | )
Accumulated other comprehensive loss |  | — |  |  | (1,704 | ) |  | 1,383 |  |  | (321 | )
Accumulated deficit |  | (191,228 | ) |  | (37,376 | ) |  | (8,647 | ) |  | (237,251 | )
Total stockholders' equity |  | 108,389 |  |  | (39,080 | ) |  | (7,264 | ) |  | 62,045 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 124,912 |  |  | $ | (10,433 | ) |  | $ | (6,899 | ) |  | $ | 107,580 |
Condensed Income Statement | Consolidated Statement of Operations and Comprehensive Loss for the three months ended September 30, 2017 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 40,775 |  |  | $ | 504 |  |  | $ | (13,388 | ) |  | $ | 27,891 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 32,991 |  |  | 282 |  |  | (13,388 | ) |  | 19,885 |
Other direct cost of revenues |  | — |  |  | 430 |  |  | 213 |  |  | — |  |  | 643 |
Total cost of revenues |  | — |  |  | 33,421 |  |  | 495 |  |  | (13,388 | ) |  | 20,528 |
Gross profit |  | — |  |  | 7,354 |  |  | 9 |  |  | — |  |  | 7,363 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 7 |  |  | 2,812 |  |  | 18 |  |  | — |  |  | 2,837 |
Sales and marketing |  | 72 |  |  | 1,547 |  |  | 69 |  |  | — |  |  | 1,688 |
General and administrative |  | 2,393 |  |  | 1,575 |  |  | 120 |  |  | — |  |  | 4,088 |
Total operating expenses |  | 2,472 |  |  | 5,934 |  |  | 207 |  |  | — |  |  | 8,613 |
Income / (loss) from operations |  | (2,472 | ) |  | 1,420 |  |  | (198 | ) |  | — |  |  | (1,250 | )
Interest and other expense, net |  |  |  |  |  |  |  |  |  |
Interest expense, net |  | (662 | ) |  | — |  |  | — |  |  | — |  |  | (662 | )
Foreign exchange transaction loss |  | — |  |  | (73 | ) |  | — |  |  | — |  |  | (73 | )
Change in fair value of convertible note embedded derivative liability |  | (3,344 | ) |  | — |  |  | — |  |  | — |  |  | (3,344 | )
Change in fair value of warrant liability |  | (1,164 | ) |  | — |  |  | — |  |  | — |  |  | (1,164 | )
Loss on extinguishment of debt |  | (882 | ) |  | — |  |  | — |  |  | — |  |  | (882 | )
Other income |  | 28 |  |  | 4 |  |  | 1 |  |  | — |  |  | 33 |
Total interest and other expense, net |  | (6,024 | ) |  | (69 | ) |  | 1 |  |  | — |  |  | (6,092 | )
Income / (loss) from operations before income taxes |  | (8,496 | ) |  | 1,351 |  |  | (197 | ) |  | — |  |  | (7,342 | )
Income tax benefit |  | (884 | ) |  | — |  |  | — |  |  | — |  |  | (884 | )
Net income / (loss) |  | $ | (7,612 | ) |  | $ | 1,351 |  |  | $ | (197 | ) |  | $ | — |  |  | $ | (6,458 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | — |  |  | 219 |  |  | (216 | ) |  | — |  |  | 3 |
Comprehensive income / (loss) |  | $ | (7,612 | ) |  | $ | 1,570 |  |  | $ | (413 | ) |  | $ | — |  |  | $ | (6,455 | )
Consolidated Statement of Operations and Comprehensive Loss for the six months ended September 30, 2017 (Unaudited) (in thousands, except par value and share amounts)
(dollars in thousands) |  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 78,712 |  |  | $ | 851 |  |  | $ | (25,552 | ) |  | $ | 54,011 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 63,860 |  |  | 458 |  |  | (25,552 | ) |  | 38,766 |
Other direct cost of revenues |  | — |  |  | 839 |  |  | 427 |  |  | — |  |  | 1,266 |
Total cost of revenues |  | — |  |  | 64,699 |  |  | 885 |  |  | (25,552 | ) |  | 40,032 |
Gross profit |  | — |  |  | 14,013 |  |  | (34 | ) |  | — |  |  | 13,979 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 12 |  |  | 5,553 |  |  | 30 |  |  | — |  |  | 5,595 |
Sales and marketing |  | 174 |  |  | 2,950 |  |  | 122 |  |  | — |  |  | 3,246 |
General and administrative |  | 4,718 |  |  | 3,000 |  |  | 194 |  |  | — |  |  | 7,912 |
Total operating expenses |  | 4,904 |  |  | 11,503 |  |  | 346 |  |  | — |  |  | 16,753 |
Income / (loss) from operations |  | (4,904 | ) |  | 2,510 |  |  | (380 | ) |  | — |  |  | (2,774 | )
Interest and other expense, net |  |  |  |  |  |  |  |  |  |
Interest expense, net |  | (1,369 | ) |  | — |  |  | — |  |  | — |  |  | (1,369 | )
Foreign exchange transaction loss |  | — |  |  | (217 | ) |  | — |  |  | — |  |  | (217 | )
Change in fair value of convertible note embedded derivative liability |  | (4,652 | ) |  | — |  |  | — |  |  | — |  |  | (4,652 | )
Change in fair value of warrant liability |  | (1,628 | ) |  | — |  |  | — |  |  | — |  |  | (1,628 | )
Loss on extinguishment of debt |  | (882 | ) |  | — |  |  | — |  |  | — |  |  | (882 | )
Other income |  | (21 | ) |  | 57 |  |  | — |  |  | — |  |  | 36 |
Total interest and other expense, net |  | (8,552 | ) |  | (160 | ) |  | — |  |  | — |  |  | (8,712 | )
Income / (loss) from operations before income taxes |  | (13,456 | ) |  | 2,350 |  |  | (380 | ) |  | — |  |  | (11,486 | )
Income tax benefit |  | (853 | ) |  | — |  |  | — |  |  | — |  |  | (853 | )
Net income / (loss) |  | $ | (12,603 | ) |  | $ | 2,350 |  |  | $ | (380 | ) |  | $ | — |  |  | $ | (10,633 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | — |  |  | (5 | ) |  | — |  |  | — |  |  | (5 | )
Comprehensive income / (loss) |  | $ | (12,603 | ) |  | $ | 2,345 |  |  | $ | (380 | ) |  | $ | — |  |  | $ | (10,638 | )
Consolidated Statement of Operations and Comprehensive Loss for the three months ended September 30, 2016 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 30,338 |  |  | $ | 462 |  |  | $ | (7,968 | ) |  | $ | 22,832 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 25,547 |  |  | 218 |  |  | (7,968 | ) |  | 17,797 |
Other direct cost of revenues |  | — |  |  | 1,594 |  |  | 288 |  |  | — |  |  | 1,882 |
Total cost of revenues |  | — |  |  | 27,141 |  |  | 506 |  |  | (7,968 | ) |  | 19,679 |
Gross profit |  | — |  |  | 3,197 |  |  | (44 | ) |  | — |  |  | 3,153 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 9 |  |  | 3,079 |  |  | 29 |  |  | — |  |  | 3,117 |
Sales and marketing |  | 42 |  |  | 1,480 |  |  | 6 |  |  | — |  |  | 1,528 |
General and administrative |  | 3,083 |  |  | 1,704 |  |  | 28 |  |  | — |  |  | 4,815 |
Total operating expenses |  | 3,134 |  |  | 6,263 |  |  | 63 |  |  | — |  |  | 9,460 |
Loss from operations |  | (3,134 | ) |  | (3,066 | ) |  | (107 | ) |  | — |  |  | (6,307 | )
Interest and other expense, net |  |  |  |  |  |  |  |  |  |
Interest expense, net |  | (6 | ) |  | (616 | ) |  | — |  |  | — |  |  | (622 | )
Foreign exchange transaction loss |  | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Change in fair value of convertible note embedded derivative liability |  | (430 | ) |  | — |  |  | — |  |  | — |  |  | (430 | )
Change in fair value of warrant liability |  | (140 | ) |  | — |  |  | — |  |  | — |  |  | (140 | )
Loss on extinguishment of debt |  | (293 | ) |  | — |  |  | — |  |  | — |  |  | (293 | )
Loss on settlement of debt |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Gain / (loss) on disposal of fixed assets |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Gain on change in valuation of long-term contingent liability |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other income |  | 14 |  |  | 1 |  |  | — |  |  | — |  |  | 15 |
Total interest and other expense, net |  | (855 | ) |  | (616 | ) |  | — |  |  | — |  |  | (1,471 | )
Loss from operations before income taxes |  | (3,989 | ) |  | (3,682 | ) |  | (107 | ) |  | — |  |  | (7,778 | )
Income tax benefit |  | (437 | ) |  | — |  |  | — |  |  | — |  |  | (437 | )
Net loss |  | $ | (3,552 | ) |  | $ | (3,682 | ) |  | $ | (107 | ) |  | $ | — |  |  | $ | (7,341 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | (80 | ) |  | — |  |  | — |  |  | — |  |  | (80 | )
Comprehensive loss |  | $ | (3,632 | ) |  | $ | (3,682 | ) |  | $ | (107 | ) |  | $ | — |  |  | $ | (7,421 | )
Consolidated Statement of Operations and Comprehensive Loss for the six months ended September 30, 2016 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 59,942 |  |  | $ | 580 |  |  | $ | (13,651 | ) |  | $ | 46,871 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 50,424 |  |  | 248 |  |  | (13,651 | ) |  | 37,021 |
Other direct cost of revenues |  | — |  |  | 3,185 |  |  | 577 |  |  | — |  |  | 3,762 |
Total cost of revenues |  | — |  |  | 53,609 |  |  | 825 |  |  | (13,651 | ) |  | 40,783 |
Gross profit |  | — |  |  | 6,333 |  |  | (245 | ) |  | — |  |  | 6,088 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 9 |  |  | 5,885 |  |  | 163 |  |  | — |  |  | 5,952 |
Sales and marketing |  | 82 |  |  | 2,910 |  |  | (20 | ) |  | — |  |  | 2,972 |
General and administrative |  | 7,094 |  |  | 3,072 |  |  | (246 | ) |  | — |  |  | 9,920 |
Total operating expenses |  | 7,185 |  |  | 11,867 |  |  | (208 | ) |  | — |  |  | 18,844 |
Loss from operations |  | (7,185 | ) |  | (5,534 | ) |  | (37 | ) |  | — |  |  | (12,756 | )
Interest and other income / (expense), net |  |  |  |  |  |  |  |  |  |
Interest expense, net |  | (6 | ) |  | (1,298 | ) |  | — |  |  | — |  |  | (1,304 | )
Foreign exchange transaction loss |  | — |  |  | (2 | ) |  | (2 | ) |  | — |  |  | (4 | )
Change in fair value of convertible note embedded derivative liability |  | (430 | ) |  | — |  |  | — |  |  | — |  |  | (430 | )
Change in fair value of warrant liability |  | (140 | ) |  | — |  |  | — |  |  | — |  |  | (140 | )
Loss on extinguishment of debt |  | (293 | ) |  | — |  |  | — |  |  | — |  |  | (293 | )
Other income |  | 31 |  |  | 2 |  |  | — |  |  | — |  |  | 33 |
Total interest and other income / (expense), net |  | (838 | ) |  | (1,298 | ) |  | (2 | ) |  | — |  |  | (2,138 | )
Income / (loss) from operations before income taxes |  | (8,023 | ) |  | (6,832 | ) |  | (39 | ) |  | — |  |  | (14,894 | )
Income tax benefit |  | (141 | ) |  | — |  |  | — |  |  | — |  |  | (141 | )
Net income / (loss) |  | $ | (7,882 | ) |  | $ | (6,832 | ) |  | $ | (39 | ) |  | $ | — |  |  | $ | (14,753 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | (53 | ) |  | — |  |  | — |  |  | — |  |  | (53 | )
Comprehensive income / (loss) |  | $ | (7,935 | ) |  | $ | (6,832 | ) |  | $ | (39 | ) |  | $ | — |  |  | $ | (14,806 | )
Condensed Cash Flow Statement | Condensed Consolidated Statement of Cash Flows for the six months ended September 30, 2017 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
Cash flows from operating activities |  |  |  |  |  |  |  |
Net loss |  | $ | (12,603 | ) |  | $ | 2,350 |  |  | $ | (380 | ) |  | $ | (10,633 | )
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 9 |  |  | 1,391 |  |  | 408 |  |  | 1,808 |
Change in allowance for doubtful accounts |  | — |  |  | 243 |  |  | (8 | ) |  | 235 |
Amortization of debt discount and debt issuance costs |  | 680 |  |  | — |  |  | — |  |  | 680 |
Accrued interest |  | (24 | ) |  | — |  |  | — |  |  | (24 | )
Stock-based compensation |  | 1,479 |  |  | — |  |  | — |  |  | 1,479 |
Stock based compensation for services rendered |  | 150 |  |  | — |  |  | — |  |  | 150 |
Change in fair value of convertible note embedded derivative liability |  | 4,652 |  |  | — |  |  | — |  |  | 4,652 |
Change in fair value of warrant liability |  | 1,628 |  |  | — |  |  | — |  |  | 1,628 |
Loss on extinguishment of debt |  | 882 |  |  | — |  |  | — |  |  | 882 |
(Increase) / decrease in assets: |  |  |  |  |  |  |  |
Accounts receivable |  | — |  |  | (7,614 | ) |  | 146 |  |  | (7,468 | )
Deposits |  | — |  |  | 4 |  |  | — |  |  | 4 |
Deferred tax assets |  | (336 | ) |  | — |  |  | — |  |  | (336 | )
Prepaid expenses and other current assets |  | 33 |  |  | 45 |  |  | (12 | ) |  | 66 |
Increase / (decrease) in liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | (272 | ) |  | 3,630 |  |  | 51 |  |  | 3,409 |
Accrued license fees and revenue share |  | — |  |  | 1,736 |  |  | 176 |  |  | 1,912 |
Accrued compensation |  | 501 |  |  | 302 |  |  | — |  |  | 803 |
Other current liabilities |  | 2,096 |  |  | (1,679 | ) |  | (503 | ) |  | (86 | )
Other non-current liabilities |  | (529 | ) |  | (12 | ) |  | — |  |  | (541 | )
Intercompany movement of cash |  | 3 |  |  | (28 | ) |  | 25 |  |  | — |
Net cash used in operating activities |  | (1,651 | ) |  | 368 |  |  | (97 | ) |  | (1,380 | )
Cash flows from investing activities |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (818 | ) |  | (5 | ) |  | (823 | )
Net cash used in investing activities |  | — |  |  | (818 | ) |  | (5 | ) |  | (823 | )
Cash flows from financing activities |  |  |  |  |  |  |  |
Proceeds from short-term borrowings |  | 2,500 |  |  | — |  |  | — |  |  | 2,500 |
Payment of debt issuance costs |  | (346 | ) |  | — |  |  | — |  |  | (346 | )
Options exercised |  | 19 |  |  | — |  |  | — |  |  | 19 |
Stock issued for cash in stock offering, net |  | (247 | ) |  | — |  |  | — |  |  | (247 | )
Net cash provided by financing activities |  | 1,926 |  |  | — |  |  | — |  |  | 1,926 |
Effect of exchange rate changes on cash |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Net change in cash |  | 275 |  |  | (455 | ) |  | (102 | ) |  | (282 | )
Cash, beginning of period |  | 258 |  |  | 5,333 |  |  | 558 |  |  | 6,149 |
Cash, end of period |  | $ | 533 |  |  | $ | 4,878 |  |  | $ | 456 |  |  | $ | 5,867 |
Condensed Consolidated Statement of Cash Flows for the six months ended September 30, 2016 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
Cash flows from operating activities |  |  |  |  |  |  |  |
Net loss |  | $ | (7,882 | ) |  | $ | (6,832 | ) |  | $ | (39 | ) |  | $ | (14,753 | )
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 5 |  |  | 3,616 |  |  | 578 |  |  | 4,199 |
Change in allowance for doubtful accounts |  | — |  |  | 7 |  |  | — |  |  | 7 |
Amortization of debt discount and debt issuance costs |  | — |  |  | 681 |  |  | — |  |  | 681 |
Accrued interest |  | — |  |  | (91 | ) |  | — |  |  | (91 | )
Stock-based compensation |  | 2,310 |  |  | — |  |  | — |  |  | 2,310 |
Stock based compensation for services rendered |  | 166 |  |  | — |  |  | — |  |  | 166 |
Change in fair value of convertible note embedded derivative liability |  | 430 |  |  | — |  |  | — |  |  | 430 |
Change in fair value of warrant liability |  | 140 |  |  | — |  |  | — |  |  | 140 |
Loss on extinguishment of debt |  | 293 |  |  | — |  |  | — |  |  | 293 |
(Increase) / decrease in assets: |  |  |  |  |  |  |  |
Restricted cash transferred from operating cash |  | — |  |  | (321 | ) |  | — |  |  | (321 | )
Accounts receivable |  | 17 |  |  | 325 |  |  | (307 | ) |  | 35 |
Deposits |  | — |  |  | 17 |  |  | 44 |  |  | 61 |
Deferred tax assets |  | 99 |  |  | — |  |  | — |  |  | 99 |
Prepaid expenses and other current assets |  | (49 | ) |  | 108 |  |  | 9 |  |  | 68 |
Increase / (decrease) in liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | 233 |  |  | 4,562 |  |  | (24 | ) |  | 4,771 |
Accrued license fees and revenue share |  | — |  |  | (1,219 | ) |  | 210 |  |  | (1,009 | )
Accrued compensation |  | 582 |  |  | (765 | ) |  | (97 | ) |  | (280 | )
Other current liabilities |  | 1,539 |  |  | 61 |  |  | (1,993 | ) |  | (393 | )
Other non-current liabilities |  | (1,004 | ) |  | (617 | ) |  | 1,641 |  |  | 20 |
Net cash used in operating activities |  | (3,121 | ) |  | (468 | ) |  | 22 |  |  | (3,567 | )
Cash flows from investing activities |  |  |  |  |  |  |  |
Capital expenditures |  | (3 | ) |  | (1,092 | ) |  | (20 | ) |  | (1,115 | )
Net cash used in investing activities |  | (3 | ) |  | (1,092 | ) |  | (20 | ) |  | (1,115 | )
Cash flows from financing activities |  |  |  |  |  |  |  |
Cash received from issuance of convertible notes |  | — |  |  | 16,000 |  |  | — |  |  | 16,000 |
Proceeds from short-term borrowings |  | — |  |  | (11,000 | ) |  | — |  |  | (11,000 | )
Payment of debt issuance costs |  | — |  |  | (2,091 | ) |  | — |  |  | (2,091 | )
Options exercised |  | 11 |  |  | — |  |  | — |  |  | 11 |
Net cash provided by financing activities |  | 11 |  |  | 2,909 |  |  | — |  |  | 2,920 |
Effect of exchange rate changes on cash |  | (53 | ) |  | — |  |  | — |  |  | (53 | )
Net change in cash |  | (3,166 | ) |  | 1,349 |  |  | 2 |  |  | (1,815 | )
Cash, beginning of period |  | 6,712 |  |  | 4,466 |  |  | 53 |  |  | 11,231 |
Cash, end of period |  | $ | 3,546 |  |  | $ | 5,815 |  |  | $ | 55 |  |  | $ | 9,416 |

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