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Guarantor and Non-Guarantor Financial Statements (Tables) | 9 Months Ended
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Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheet | Consolidated Balance Sheet as of December 31, 2017 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
ASSETS |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash |  | $ | 176 |  |  | $ | 6,094 |  |  | $ | 613 |  |  | $ | 6,883 |
Restricted cash |  | 156 |  |  | 175 |  |  | — |  |  | 331 |
Accounts receivable, net of allowance of $841 |  | — |  |  | 31,857 |  |  | 637 |  |  | 32,494 |
Deposits |  | 34 |  |  | 117 |  |  | 4 |  |  | 155 |
Prepaid expenses and other current assets |  | 299 |  |  | 239 |  |  | 13 |  |  | 551 |
Total current assets |  | 665 |  |  | 38,482 |  |  | 1,267 |  |  | 40,414 |
Property and equipment, net |  | 64 |  |  | 2,614 |  |  | 15 |  |  | 2,693 |
Deferred tax assets |  | 593 |  |  |  |  |  |  |  |  | 593 |
Intangible assets, net |  | 1 |  |  | 1,565 |  |  | 1,278 |  |  | 2,844 |
Goodwill |  | — |  |  | 70,377 |  |  | 6,244 |  |  | 76,621 |
TOTAL ASSETS |  | $ | 1,323 |  |  | $ | 113,038 |  |  | $ | 8,804 |  |  | $ | 123,165 |
INTERCOMPANY |  |  |  |  |  |  |  |
Intercompany payable/receivable, net |  | 120,223 |  |  | (104,874 | ) |  | (15,349 | ) |  | — |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 791 |  |  | $ | 27,307 |  |  | $ | 306 |  |  | $ | 28,404 |
Accrued license fees and revenue share |  | — |  |  | 12,369 |  |  | 488 |  |  | 12,857 |
Accrued compensation |  | 2,057 |  |  | 1,393 |  |  | 6 |  |  | 3,456 |
Short-term debt, net of debt issuance costs and discounts of $247 |  | 1,653 |  |  | — |  |  | — |  |  | 1,653 |
Other current liabilities |  | 1,002 |  |  | (516 | ) |  | 1,358 |  |  | 1,844 |
Total current liabilities |  | 5,503 |  |  | 40,553 |  |  | 2,158 |  |  | 48,214 |
Convertible notes, net of debt issuance costs and discounts of $3,491 |  | 5,751 |  |  | — |  |  | — |  |  | 5,751 |
Convertible note embedded derivative liability |  | 5,896 |  |  | — |  |  | — |  |  | 5,896 |
Warrant liability |  | 3,602 |  |  | — |  |  | — |  |  | 3,602 |
Other non-current liabilities |  | — |  |  | 51 |  |  | — |  |  | 51 |
Total liabilities |  | 20,752 |  |  | 40,604 |  |  | 2,158 |  |  | 63,514 |
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; 74,079,153 issued and 73,344,697 outstanding at December 31, 2017. |  | 10 |  |  | — |  |  | — |  |  | 10 |
Additional paid-in capital |  | 311,621 |  |  | — |  |  | — |  |  | 311,621 |
Treasury stock (754,599 shares at December 31, 2017) |  | (71 | ) |  | — |  |  | — |  |  | (71 | )
Accumulated other comprehensive loss |  | (18 | ) |  | (1,443 | ) |  | 1,135 |  |  | (326 | )
Accumulated deficit |  | (210,848 | ) |  | (30,997 | ) |  | (9,838 | ) |  | (251,683 | )
Total stockholders' equity |  | 100,794 |  |  | (32,440 | ) |  | (8,703 | ) |  | 59,651 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 121,546 |  |  | $ | 8,164 |  |  | $ | (6,545 | ) |  | $ | 123,165 |
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 December 31, 2017 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 56,730 |  |  | $ | 470 |  |  | $ | (19,169 | ) |  | $ | 38,031 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 46,598 |  |  | 290 |  |  | (19,169 | ) |  | 27,719 |
Other direct cost of revenues |  | — |  |  | 437 |  |  | 214 |  |  | — |  |  | 651 |
Total cost of revenues |  | — |  |  | 47,035 |  |  | 504 |  |  | (19,169 | ) |  | 28,370 |
Gross profit |  | — |  |  | 9,695 |  |  | (34 | ) |  | — |  |  | 9,661 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 2 |  |  | 3,560 |  |  | 61 |  |  | — |  |  | 3,623 |
Sales and marketing |  | 75 |  |  | 1,860 |  |  | 107 |  |  | — |  |  | 2,042 |
General and administrative |  | 3,769 |  |  | 700 |  |  | 123 |  |  | — |  |  | 4,592 |
Total operating expenses |  | 3,846 |  |  | 6,120 |  |  | 291 |  |  | — |  |  | 10,257 |
Income / (loss) from operations |  | (3,846 | ) |  | 3,575 |  |  | (325 | ) |  | — |  |  | (596 | )
Interest and other expense, net |  |  |  |  |  |  |  |  |  |
Interest expense, net |  | (446 | ) |  | — |  |  | — |  |  | — |  |  | (446 | )
Foreign exchange transaction gain / (loss) |  | — |  |  | 34 |  |  | 1 |  |  | — |  |  | 35 |
Change in fair value of convertible note embedded derivative liability |  | (1,658 | ) |  | — |  |  | — |  |  | — |  |  | (1,658 | )
Change in fair value of warrant liability |  | (898 | ) |  | — |  |  | — |  |  | — |  |  | (898 | )
Loss on extinguishment of debt |  | (284 | ) |  | — |  |  | — |  |  | — |  |  | (284 | )
Other income / (expense) |  | 27 |  |  | (63 | ) |  |  |  |  | — |  |  | (36 | )
Total interest and other expense, net |  | (3,259 | ) |  | (29 | ) |  | 1 |  |  | — |  |  | (3,287 | )
Income / (loss) from operations before income taxes |  | (7,105 | ) |  | 3,546 |  |  | (324 | ) |  | — |  |  | (3,883 | )
Income tax benefit |  | (88 | ) |  | 6 |  |  | (2 | ) |  | — |  |  | (84 | )
Net income / (loss) |  | $ | (7,017 | ) |  | $ | 3,540 |  |  | $ | (322 | ) |  | $ | — |  |  | $ | (3,799 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income / (loss) |  | $ | (7,017 | ) |  | $ | 3,540 |  |  | $ | (322 | ) |  | $ | — |  |  | $ | (3,799 | )
Consolidated Statement of Operations and Comprehensive Loss for the nine months ended December 31, 2017 (Unaudited) (in thousands, except par value and share amounts)
(dollars in thousands) |  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 135,442 |  |  | $ | 1,321 |  |  | $ | (44,721 | ) |  | $ | 92,042 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 110,458 |  |  | 748 |  |  | (44,721 | ) |  | 66,485 |
Other direct cost of revenues |  | — |  |  | 1,276 |  |  | 641 |  |  | — |  |  | 1,917 |
Total cost of revenues |  | — |  |  | 111,734 |  |  | 1,389 |  |  | (44,721 | ) |  | 68,402 |
Gross profit |  | — |  |  | 23,708 |  |  | (68 | ) |  | — |  |  | 23,640 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 14 |  |  | 9,113 |  |  | 91 |  |  | — |  |  | 9,218 |
Sales and marketing |  | 249 |  |  | 4,810 |  |  | 229 |  |  | — |  |  | 5,288 |
General and administrative |  | 8,487 |  |  | 3,700 |  |  | 317 |  |  | — |  |  | 12,504 |
Total operating expenses |  | 8,750 |  |  | 17,623 |  |  | 637 |  |  | — |  |  | 27,010 |
Income / (loss) from operations |  | (8,750 | ) |  | 6,085 |  |  | (705 | ) |  | — |  |  | (3,370 | )
Interest and other expense, net |  |  |  |  |  |  |  |  |  |
Interest expense, net |  | (1,815 | ) |  | — |  |  | — |  |  | — |  |  | (1,815 | )
Foreign exchange transaction gain / (loss) |  | — |  |  | (183 | ) |  | 1 |  |  | — |  |  | (182 | )
Change in fair value of convertible note embedded derivative liability |  | (6,310 | ) |  | — |  |  | — |  |  | — |  |  | (6,310 | )
Change in fair value of warrant liability |  | (2,526 | ) |  | — |  |  | — |  |  | — |  |  | (2,526 | )
Loss on extinguishment of debt |  | (1,166 | ) |  | — |  |  | — |  |  | — |  |  | (1,166 | )
Other income / (expense) |  | 6 |  |  | (6 | ) |  | — |  |  | — |  |  | — |
Total interest and other expense, net |  | (11,811 | ) |  | (189 | ) |  | 1 |  |  | — |  |  | (11,999 | )
Income / (loss) from operations before income taxes |  | (20,561 | ) |  | 5,896 |  |  | (704 | ) |  | — |  |  | (15,369 | )
Income tax benefit |  | (941 | ) |  | 6 |  |  | (2 | ) |  | — |  |  | (937 | )
Net income / (loss) |  | $ | (19,620 | ) |  | $ | 5,890 |  |  | $ | (702 | ) |  | $ | — |  |  | $ | (14,432 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | — |  |  | (5 | ) |  | — |  |  | — |  |  | (5 | )
Comprehensive income / (loss) |  | $ | (19,620 | ) |  | $ | 5,885 |  |  | $ | (702 | ) |  | $ | — |  |  | $ | (14,437 | )
Consolidated Statement of Operations and Comprehensive Loss for the three months ended December 31, 2016 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 30,897 |  |  | $ | 751 |  |  | $ | (9,363 | ) |  | $ | 22,285 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 26,176 |  |  | 226 |  |  | (9,363 | ) |  | 17,039 |
Other direct cost of revenues |  | — |  |  | 1,589 |  |  | 289 |  |  | — |  |  | 1,878 |
Total cost of revenues |  | — |  |  | 27,765 |  |  | 515 |  |  | (9,363 | ) |  | 18,917 |
Gross profit |  | — |  |  | 3,132 |  |  | 236 |  |  | — |  |  | 3,368 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 15 |  |  | 3,082 |  |  | 16 |  |  | — |  |  | 3,113 |
Sales and marketing |  | 77 |  |  | 1,558 |  |  | 48 |  |  | — |  |  | 1,683 |
General and administrative |  | 2,468 |  |  | 1,444 |  |  | 70 |  |  | — |  |  | 3,982 |
Total operating expenses |  | 2,560 |  |  | 6,084 |  |  | 134 |  |  | — |  |  | 8,778 |
Loss from operations |  | (2,560 | ) |  | (2,952 | ) |  | 102 |  |  | — |  |  | (5,410 | )
Interest and other expense, net |  |  |  |  |  |  |  |  |  |
Interest expense, net |  | (674 | ) |  | (51 | ) |  | — |  |  | — |  |  | (725 | )
Foreign exchange transaction gain / (loss) |  | — |  |  | (9 | ) |  | — |  |  | — |  |  | (9 | )
Change in fair value of convertible note embedded derivative liability |  | 2,853 |  |  | — |  |  | — |  |  | — |  |  | 2,853 |
Change in fair value of warrant liability |  | 937 |  |  | — |  |  | — |  |  | — |  |  | 937 |
Loss on extinguishment of debt |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other income / (expense) |  | 22 |  |  | 46 |  |  | — |  |  | — |  |  | 68 |
Total interest and other expense, net |  | 3,138 |  |  | (14 | ) |  | — |  |  | — |  |  | 3,124 |
Loss from operations before income taxes |  | 578 |  |  | (2,966 | ) |  | 102 |  |  | — |  |  | (2,286 | )
Income tax provision / (benefit) |  | 300 |  |  | — |  |  | — |  |  | — |  |  | 300 |
Net loss |  | $ | 278 |  |  | $ | (2,966 | ) |  | $ | 102 |  |  | $ | — |  |  | $ | (2,586 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Comprehensive loss |  | $ | 283 |  |  | $ | (2,966 | ) |  | $ | 102 |  |  | $ | — |  |  | $ | (2,581 | )
Consolidated Statement of Operations and Comprehensive Loss for the nine months ended December 31, 2016 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | — |  |  | 90,839 |  |  | 1,331 |  |  | (23,014 | ) |  | 69,156 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 76,600 |  |  | 474 |  |  | (23,014 | ) |  | 54,060 |
Other direct cost of revenues |  | — |  |  | 4,774 |  |  | 866 |  |  |  |  | 5,640 |
Total cost of revenues |  | — |  |  | 81,374 |  |  | 1,340 |  |  | (23,014 | ) |  | 59,700 |
Gross profit |  | — |  |  | 9,465 |  |  | (9 | ) |  | — |  |  | 9,456 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 24 |  |  | 8,967 |  |  | 74 |  |  | — |  |  | 9,065 |
Sales and marketing |  | 159 |  |  | 4,468 |  |  | 28 |  |  | — |  |  | 4,655 |
General and administrative |  | 9,562 |  |  | 4,516 |  |  | (176 | ) |  | — |  |  | 13,902 |
Total operating expenses |  | 9,745 |  |  | 17,951 |  |  | (74 | ) |  | — |  |  | 27,622 |
Loss from operations |  | (9,745 | ) |  | (8,486 | ) |  | 65 |  |  | — |  |  | (18,166 | )
Interest and other expense, net |  |  |  |  |  |  |  |  |  |
Interest expense, net |  | (680 | ) |  | (1,349 | ) |  | — |  |  | — |  |  | (2,029 | )
Foreign exchange transaction gain / (loss) |  | — |  |  | (9 | ) |  | (4 | ) |  | — |  |  | (13 | )
Change in fair value of convertible note embedded derivative liability |  | 2,423 |  |  | — |  |  | — |  |  | — |  |  | 2,423 |
Change in fair value of warrant liability |  | 797 |  |  | — |  |  | — |  |  | — |  |  | 797 |
Loss on extinguishment of debt |  | (293 | ) |  | — |  |  | — |  |  | — |  |  | (293 | )
Other income / (expense) |  | 52 |  |  | 49 |  |  | — |  |  | — |  |  | 101 |
Total interest and other expense, net |  | 2,299 |  |  | (1,309 | ) |  | (4 | ) |  | — |  |  | 986 |
Loss from operations before income taxes |  | (7,446 | ) |  | (9,795 | ) |  | 61 |  |  | — |  |  | (17,180 | )
Income tax provision / (benefit) |  | 159 |  |  | — |  |  | — |  |  | — |  |  | 159 |
Net loss |  | (7,605 | ) |  | (9,795 | ) |  | 61 |  |  | — |  |  | (17,339 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | (48 | ) |  | — |  |  | — |  |  | — |  |  | (48 | )
Comprehensive loss |  | (7,653 | ) |  | (9,795 | ) |  | 61 |  |  | — |  |  | (17,387 | )
Condensed Cash Flow Statement | Consolidated Statement of Cash Flows for the nine months ended December 31, 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 |  | $ | (19,620 | ) |  | $ | 5,890 |  |  | $ | (702 | ) |  | $ | (14,432 | )
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | — |  |  | 2,093 |  |  | 614 |  |  | 2,707 |
Change in allowance for doubtful accounts |  | — |  |  | 252 |  |  | (8 | ) |  | 244 |
Amortization of debt discount and debt issuance costs |  | 875 |  |  | — |  |  | — |  |  | 875 |
Accrued interest |  | 165 |  |  | — |  |  | — |  |  | 165 |
Stock-based compensation |  | 2,296 |  |  | — |  |  | — |  |  | 2,296 |
Stock-based compensation for services rendered |  | 224 |  |  | — |  |  | — |  |  | 224 |
Change in fair value of convertible note embedded derivative liability |  | 6,310 |  |  | — |  |  | — |  |  | 6,310 |
Change in fair value of warrant liability |  | 2,526 |  |  | — |  |  | — |  |  | 2,526 |
Loss on extinguishment of debt |  | 1,166 |  |  | — |  |  | — |  |  | 1,166 |
(Increase) / decrease in assets: |  |  |  |  |  |  |  |
Accounts receivable |  | — |  |  | (16,370 | ) |  | 186 |  |  | (16,184 | )
Deposits |  | (34 | ) |  | 4 |  |  | (4 | ) |  | (34 | )
Deferred tax assets |  | (241 | ) |  | — |  |  | — |  |  | (241 | )
Prepaid expenses and other current assets |  | (54 | ) |  | 24 |  |  | (11 | ) |  | (41 | )
Increase / (decrease) in liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | (232 | ) |  | 8,611 |  |  | 157 |  |  | 8,536 |
Accrued license fees and revenue share |  | — |  |  | 4,055 |  |  | 273 |  |  | 4,328 |
Accrued compensation |  | 2,024 |  |  | 353 |  |  | 6 |  |  | 2,383 |
Other current liabilities |  | 3,666 |  |  | (2,831 | ) |  | (450 | ) |  | 385 |
Other non-current liabilities |  | (692 | ) |  | (39 | ) |  | — |  |  | (731 | )
Intercompany movement of cash |  | (16 | ) |  | 18 |  |  | (2 | ) |  | — |
Net cash provided by (used in) operating activities |  | (1,637 | ) |  | 2,060 |  |  | 59 |  |  | 482 |
Cash flows from investing activities |  |  |  |  |  |  |  |
Capital expenditures |  | (13 | ) |  | (1,294 | ) |  | (5 | ) |  | (1,312 | )
Net cash used in investing activities |  | (13 | ) |  | (1,294 | ) |  | (5 | ) |  | (1,312 | )
Cash flows from financing activities |  |  |  |  |  |  |  |
Proceeds from short-term borrowings |  | 2,500 |  |  | — |  |  | — |  |  | 2,500 |
Payment of debt issuance costs |  | (346 | ) |  | — |  |  | — |  |  | (346 | )
Options exercised |  | 261 |  |  | — |  |  | — |  |  | 261 |
Stock issued for cash in stock offering, net |  | (847 | ) |  | — |  |  | — |  |  | (847 | )
Net cash provided by financing activities |  | 1,568 |  |  | — |  |  | — |  |  | 1,568 |
Effect of exchange rate changes on cash |  | — |  |  | (5 | ) |  | 1 |  |  | (4 | )
Net change in cash |  | (82 | ) |  | 761 |  |  | 55 |  |  | 734 |
Cash, beginning of period |  | 258 |  |  | 5,333 |  |  | 558 |  |  | 6,149 |
Cash, end of period |  | $ | 176 |  |  | $ | 6,094 |  |  | $ | 613 |  |  | $ | 6,883 |
Consolidated Statement of Cash Flows for the nine months ended December 31, 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 |  | $ | (7,605 | ) |  | $ | (9,795 | ) |  | $ | 61 |  |  | $ | (17,339 | )
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 9 |  |  | 5,518 |  |  | 798 |  |  | 6,325 |
Change in allowance for doubtful accounts |  | — |  |  | 130 |  |  | — |  |  | 130 |
Amortization of debt discount and debt issuance costs |  | 287 |  |  | 682 |  |  | — |  |  | 969 |
Accrued interest |  | 388 |  |  | (91 | ) |  | — |  |  | 297 |
Stock-based compensation |  | 3,335 |  |  | — |  |  | — |  |  | 3,335 |
Stock-based compensation for services rendered |  | 276 |  |  | — |  |  | — |  |  | 276 |
Change in fair value of convertible note embedded derivative liability |  | (2,423 | ) |  | — |  |  | — |  |  | (2,423 | )
Change in fair value of warrant liability |  | (797 | ) |  | — |  |  | — |  |  | (797 | )
Loss on extinguishment of debt |  | 293 |  |  | — |  |  | — |  |  | 293 |
(Increase) / decrease in assets: |  |  |  |  |  |  |  |
Restricted cash transferred from operating cash |  | — |  |  | (323 | ) |  | — |  |  | (323 | )
Accounts receivable |  | 19 |  |  | (976 | ) |  | (920 | ) |  | (1,877 | )
Deposits |  | — |  |  | (34 | ) |  | 117 |  |  | 83 |
Deferred tax assets |  | 212 |  |  | — |  |  | — |  |  | 212 |
Prepaid expenses and other current assets |  | (86 | ) |  | 104 |  |  | 12 |  |  | 30 |
Increase / (decrease) in liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | 340 |  |  | 4,003 |  |  | 166 |  |  | 4,509 |
Accrued license fees and revenue share |  | — |  |  | (830 | ) |  | 118 |  |  | (712 | )
Accrued compensation |  | 576 |  |  | (720 | ) |  | (97 | ) |  | (241 | )
Other current liabilities |  | (34 | ) |  | (862 | ) |  | 78 |  |  | (818 | )
Other non-current liabilities |  | 1,927 |  |  | (1,370 | ) |  | (274 | ) |  | 283 |
Net cash provided by (used in) operating activities |  | (3,283 | ) |  | (4,564 | ) |  | 59 |  |  | (7,788 | )
Cash flows from investing activities |  |  |  |  |  |  |  |
Capital expenditures |  | (3 | ) |  | (1,358 | ) |  | (20 | ) |  | (1,381 | )
Net cash proceeds from cost method investment in Sift |  | — |  |  | 999 |  |  | — |  |  | 999 |
Net cash used in investing activities |  | (3 | ) |  | (359 | ) |  | (20 | ) |  | (382 | )
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 |  | (1,912 | ) |  | (407 | ) |  | — |  |  | (2,319 | )
Options exercised |  | 11 |  |  | — |  |  | — |  |  | 11 |
Net cash provided by financing activities |  | (1,901 | ) |  | 4,593 |  |  | — |  |  | 2,692 |
Effect of exchange rate changes on cash |  | (48 | ) |  | — |  |  | — |  |  | (48 | )
Net change in cash |  | (5,235 | ) |  | (330 | ) |  | 39 |  |  | (5,526 | )
Cash, beginning of period |  | 6,712 |  |  | 4,466 |  |  | 53 |  |  | 11,231 |
Cash, end of period |  | $ | 1,477 |  |  | $ | 4,136 |  |  | $ | 92 |  |  | $ | 5,705 |

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