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Guarantor and Non-Guarantor Financial Statements (Tables) | 6 Months Ended
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Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet | Consolidated Balance Sheet as of September 30, 2018 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
ASSETS |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash |  | $ | 205 |  |  | $ | 7,823 |  |  | $ | 321 |  |  | $ | 8,349 |
Restricted cash |  | 256 |  |  | 175 |  |  | — |  |  | 431 |
Accounts receivable, net of allowance of $866 |  | — |  |  | 20,604 |  |  | 258 |  |  | 20,862 |
Deposits |  | 34 |  |  | 114 |  |  | 4 |  |  | 152 |
Prepaid expenses and other current assets |  | 312 |  |  | 394 |  |  | 10 |  |  | 716 |
Current assets held for disposal |  | — |  |  | 3,515 |  |  | 157 |  |  | 3,672 |
Total current assets |  | 807 |  |  | 32,625 |  |  | 750 |  |  | 34,182 |
Property and equipment, net |  | 576 |  |  | 2,470 |  |  | 7 |  |  | 3,053 |
Deferred tax assets |  | 655 |  |  | — |  |  | — |  |  | 655 |
Intangible assets, net |  | 1 |  |  | 560 |  |  | — |  |  | 561 |
Goodwill |  | 1,065 |  |  | 40,201 |  |  | 1,000 |  |  | 42,266 |
TOTAL ASSETS |  | $ | 3,104 |  |  | $ | 75,856 |  |  | $ | 1,757 |  |  | $ | 80,717 |
INTERCOMPANY |  |  |  |  |  |  |  |
Intercompany payable / (receivable), net |  | 113,747 |  |  | (96,749 | ) |  | (16,998 | ) |  | — |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1,068 |  |  | $ | 25,684 |  |  | $ | — |  |  | $ | 26,752 |
Accrued license fees and revenue share |  | — |  |  | 5,322 |  |  | 395 |  |  | 5,717 |
Accrued compensation |  | 34 |  |  | 512 |  |  | 35 |  |  | 581 |
Short-term debt, net of debt issuance costs and discounts of $120 |  | 1,480 |  |  | — |  |  | — |  |  | 1,480 |
Other current liabilities |  | 1,060 |  |  | 376 |  |  | 41 |  |  | 1,477 |
Current liabilities held for disposal |  | — |  |  | 5,639 |  |  | 276 |  |  | 5,915 |
Total current liabilities |  | 3,642 |  |  | 37,533 |  |  | 747 |  |  | 41,922 |
Convertible notes, net of debt issuance costs and discounts of $1,482 |  | 3,418 |  |  | — |  |  | — |  |  | 3,418 |
Convertible note embedded derivative liability |  | 1,728 |  |  | — |  |  | — |  |  | 1,728 |
Warrant liability |  | 1,484 |  |  | — |  |  | — |  |  | 1,484 |
Total liabilities |  | 10,272 |  |  | 37,533 |  |  | 747 |  |  | 48,552 |
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; 78,214,570 issued and 77,480,114 outstanding at September 30, 2018 |  | 10 |  |  | — |  |  | — |  |  | 10 |
Additional paid-in capital |  | 320,361 |  |  | — |  |  | — |  |  | 320,361 |
Treasury stock (754,599 shares at September 30, 2018) |  | (71 | ) |  | — |  |  | — |  |  | (71 | )
Accumulated other comprehensive loss |  | 30 |  |  | (1,489 | ) |  | 1,136 |  |  | (323 | )
Accumulated deficit |  | (213,851 | ) |  | (56,937 | ) |  | (17,124 | ) |  | (287,912 | )
Total stockholders' equity |  | 106,579 |  |  | (58,426 | ) |  | (15,988 | ) |  | 32,165 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 116,851 |  |  | $ | (20,893 | ) |  | $ | (15,241 | ) |  | $ | 80,717 |
Consolidated Balance Sheet as of March 31, 2018 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
ASSETS |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash |  | $ | 501 |  |  | $ | 11,800 |  |  | $ | 419 |  |  | $ | 12,720 |
Restricted cash |  | 156 |  |  | 175 |  |  | — |  |  | 331 |
Accounts receivable, net of allowance of $512 |  | — |  |  | 16,777 |  |  | 273 |  |  | 17,050 |
Deposits |  | 34 |  |  | 113 |  |  | 4 |  |  | 151 |
Prepaid expenses and other current assets |  | 330 |  |  | 406 |  |  | 14 |  |  | 750 |
Current assets held for disposal |  | — |  |  | 8,610 |  |  | 143 |  |  | 8,753 |
Total current assets |  | 1,021 |  |  | 37,881 |  |  | 853 |  |  | 39,755 |
Property and equipment, net |  | 257 |  |  | 2,485 |  |  | 15 |  |  | 2,757 |
Deferred tax assets |  | 596 |  |  | — |  |  | — |  |  | 596 |
Intangible assets, net |  | — |  |  | 1,231 |  |  | — |  |  | 1,231 |
Goodwill |  | — |  |  | 41,268 |  |  | 1,000 |  |  | 42,268 |
TOTAL ASSETS |  | $ | 1,874 |  |  | $ | 82,865 |  |  | $ | 1,868 |  |  | $ | 86,607 |
INTERCOMPANY |  |  |  |  |  |  |  |
Intercompany payable / (receivable), net |  | 117,873 |  |  | (114,234 | ) |  | (3,639 | ) |  | — |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1,031 |  |  | $ | 18,841 |  |  | $ | 23 |  |  | $ | 19,895 |
Accrued license fees and revenue share |  | — |  |  | 7,989 |  |  | 243 |  |  | 8,232 |
Accrued compensation |  | 2,285 |  |  | 661 |  |  | 20 |  |  | 2,966 |
Short-term debt, net of debt issuance costs and discounts of $205 |  | 1,445 |  |  | — |  |  | — |  |  | 1,445 |
Other current liabilities |  | 911 |  |  | 231 |  |  | — |  |  | 1,142 |
Current liabilities held for disposal |  | — |  |  | 12,246 |  |  | 480 |  |  | 12,726 |
Total current liabilities |  | 5,672 |  |  | 39,968 |  |  | 766 |  |  | 46,406 |
Convertible notes, net of debt issuance costs and discounts of $1,827 |  | 3,873 |  |  | — |  |  | — |  |  | 3,873 |
Convertible note embedded derivative liability |  | 4,676 |  |  | — |  |  | — |  |  | 4,676 |
Warrant liability |  | 3,980 |  |  | — |  |  | — |  |  | 3,980 |
Total liabilities |  | 18,201 |  |  | 39,968 |  |  | 766 |  |  | 58,935 |
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; 76,843,278 issued and 76,108,822 outstanding at March 31, 2018 |  | 10 |  |  | — |  |  | — |  |  | 10 |
Additional paid-in capital |  | 318,066 |  |  | — |  |  | — |  |  | 318,066 |
Treasury stock (754,599 shares at March 31, 2018) |  | (71 | ) |  | — |  |  | — |  |  | (71 | )
Accumulated other comprehensive loss |  | (15 | ) |  | (621 | ) |  | 311 |  |  | (325 | )
Accumulated deficit |  | (216,544 | ) |  | (70,716 | ) |  | (2,848 | ) |  | (290,108 | )
Total stockholders' equity |  | 101,546 |  |  | (71,337 | ) |  | (2,537 | ) |  | 27,672 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 119,747 |  |  | $ | (31,369 | ) |  | $ | (1,771 | ) |  | $ | 86,607 |
Condensed Income Statement | Consolidated Statement of Operations and Comprehensive Loss for the three months ended September 30, 2018 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 43,766 |  |  | $ | 180 |  |  | $ | (20,092 | ) |  | $ | 23,854 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 35,804 |  |  | 90 |  |  | (20,092 | ) |  | 15,802 |
Other direct cost of revenues |  | — |  |  | 508 |  |  | — |  |  | — |  |  | 508 |
Total cost of revenues |  | — |  |  | 36,312 |  |  | 90 |  |  | (20,092 | ) |  | 16,310 |
Gross profit |  | — |  |  | 7,454 |  |  | 90 |  |  | — |  |  | 7,544 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 82 |  |  | 2,435 |  |  | 120 |  |  | — |  |  | 2,637 |
Sales and marketing |  | 234 |  |  | 1,483 |  |  | 196 |  |  | — |  |  | 1,913 |
General and administrative |  | 1,252 |  |  | 1,345 |  |  | 82 |  |  | — |  |  | 2,679 |
Total operating expenses |  | 1,568 |  |  | 5,263 |  |  | 398 |  |  | — |  |  | 7,229 |
Income / (loss) from operations |  | (1,568 | ) |  | 2,191 |  |  | (308 | ) |  | — |  |  | 315 |
Interest and other income / (expense), net |  |  |  |  |  |  |  |  |  |
Interest expense |  | (134 | ) |  | (1 | ) |  | — |  |  | — |  |  | (135 | )
Foreign exchange transaction gain / (loss) |  | — |  |  | 15 |  |  | (14 | ) |  | — |  |  | 1 |
Change in fair value of convertible note embedded derivative liability |  | 952 |  |  | — |  |  | — |  |  | — |  |  | 952 |
Change in fair value of warrant liability |  | 926 |  |  | — |  |  | — |  |  | — |  |  | 926 |
Loss on extinguishment of debt |  | (15 | ) |  | — |  |  | — |  |  | — |  |  | (15 | )
Other income / (expense) |  | 24 |  |  | (24 | ) |  | 1 |  |  | — |  |  | 1 |
Total interest and other income / (expense), net |  | 1,753 |  |  | (10 | ) |  | (13 | ) |  | — |  |  | 1,730 |
Income / (loss) from continuing operations before income taxes |  | 185 |  |  | 2,181 |  |  | (321 | ) |  | — |  |  | 2,045 |
Income tax benefit |  | (23 | ) |  | — |  |  | — |  |  | — |  |  | (23 | )
Net income / (loss) from continuing operations, net of taxes |  | 208 |  |  | 2,181 |  |  | (321 | ) |  | — |  |  | 2,068 |
Loss from discontinued operations |  | — |  |  | (356 | ) |  | — |  |  | — |  |  | (356 | )
Net loss from discontinued operations, net of taxes |  | — |  |  | (356 | ) |  | — |  |  | — |  |  | (356 | )
Net income / (loss) |  | $ | 208 |  |  | $ | 1,825 |  |  | $ | (321 | ) |  | $ | — |  |  | $ | 1,712 |
Comprehensive income / (loss) |  | $ | 208 |  |  | $ | 1,825 |  |  | $ | (321 | ) |  | $ | — |  |  | $ | 1,712 |
Consolidated Statement of Operations and Comprehensive Loss for the six months ended September 30, 2018 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Consolidated Total
Net revenues |  | $ | — |  |  | $ | 84,693 |  |  | $ | 384 |  |  | $ | (39,111 | ) |  | $ | 45,966 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 69,949 |  |  | 180 |  |  | (39,111 | ) |  | 31,018 |
Other direct cost of revenues |  | — |  |  | 1,015 |  |  | — |  |  | — |  |  | 1,015 |
Total cost of revenues |  | — |  |  | 70,964 |  |  | 180 |  |  | (39,111 | ) |  | 32,033 |
Gross profit |  | — |  |  | 13,729 |  |  | 204 |  |  | — |  |  | 13,933 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 172 |  |  | 5,339 |  |  | 235 |  |  | — |  |  | 5,746 |
Sales and marketing |  | 358 |  |  | 2,991 |  |  | 400 |  |  | — |  |  | 3,749 |
General and administrative |  | 2,414 |  |  | 2,835 |  |  | 134 |  |  | — |  |  | 5,383 |
Total operating expenses |  | 2,944 |  |  | 11,165 |  |  | 769 |  |  | — |  |  | 14,878 |
Income / (loss) from operations |  | (2,944 | ) |  | 2,564 |  |  | (565 | ) |  | — |  |  | (945 | )
Interest and other income / (expense), net |  |  |  |  |  |  |  |  |  |
Interest expense |  | (454 | ) |  | — |  |  | — |  |  | — |  |  | (454 | )
Foreign exchange transaction gain / (loss) |  | — |  |  | 25 |  |  | (16 | ) |  | — |  |  | 9 |
Change in fair value of convertible note embedded derivative liability |  | 2,572 |  |  | — |  |  | — |  |  | — |  |  | 2,572 |
Change in fair value of warrant liability |  | 2,496 |  |  | — |  |  | — |  |  | — |  |  | 2,496 |
Loss on extinguishment of debt |  | (15 | ) |  | — |  |  | — |  |  | — |  |  | (15 | )
Other income / (expense) |  | 918 |  |  | (1,040 | ) |  | (4 | ) |  | — |  |  | (126 | )
Total interest and other income / (expense), net |  | 5,517 |  |  | (1,015 | ) |  | (20 | ) |  | — |  |  | 4,482 |
Income / (loss) from continuing operations before income taxes |  | 2,573 |  |  | 1,549 |  |  | (585 | ) |  | — |  |  | 3,537 |
Income tax benefit |  | (59 | ) |  | — |  |  | — |  |  | — |  |  | (59 | )
Net income / (loss) from continuing operations, net of taxes |  | 2,632 |  |  | 1,549 |  |  | (585 | ) |  | — |  |  | 3,596 |
Income / (loss) from discontinued operations |  | (37 | ) |  | (1,372 | ) |  | 9 |  |  | — |  |  | (1,400 | )
Net income / (loss) from discontinued operations, net of taxes |  | (37 | ) |  | (1,372 | ) |  | 9 |  |  | — |  |  | (1,400 | )
Net income / (loss) |  | $ | 2,595 |  |  | $ | 177 |  |  | $ | (576 | ) |  | $ | — |  |  | $ | 2,196 |
Comprehensive income / (loss) |  | $ | 2,595 |  |  | $ | 177 |  |  | $ | (576 | ) |  | $ | — |  |  | $ | 2,196 |
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 |  | $ | — |  |  | $ | 29,026 |  |  | $ | 267 |  |  | $ | (13,388 | ) |  | $ | 15,905 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 23,183 |  |  | 70 |  |  | (13,388 | ) |  | 9,865 |
Other direct cost of revenues |  | — |  |  | 430 |  |  | — |  |  | — |  |  | 430 |
Total cost of revenues |  | — |  |  | 23,613 |  |  | 70 |  |  | (13,388 | ) |  | 10,295 |
Gross profit |  | — |  |  | 5,413 |  |  | 197 |  |  | — |  |  | 5,610 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 7 |  |  | 2,216 |  |  | 18 |  |  | — |  |  | 2,241 |
Sales and marketing |  | 72 |  |  | 1,143 |  |  | 69 |  |  | — |  |  | 1,284 |
General and administrative |  | 2,393 |  |  | 1,038 |  |  | 120 |  |  | — |  |  | 3,551 |
Total operating expenses |  | 2,472 |  |  | 4,397 |  |  | 207 |  |  | — |  |  | 7,076 |
Income / (loss) from operations |  | (2,472 | ) |  | 1,016 |  |  | (10 | ) |  | — |  |  | (1,466 | )
Interest and other income / (expense), net |  |  |  |  |  |  |  |  |  |
Interest expense |  | (659 | ) |  | (3 | ) |  | — |  |  | — |  |  | (662 | )
Foreign exchange transaction loss |  | — |  |  | (47 | ) |  | — |  |  | — |  |  | (47 | )
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 |  | (24 | ) |  | 102 |  |  | — |  |  | — |  |  | 78 |
Total interest and other income / (expense), net |  | (6,073 | ) |  | 52 |  |  | — |  |  | — |  |  | (6,021 | )
Income / (loss) from continuing operations before income taxes |  | (8,545 | ) |  | 1,068 |  |  | (10 | ) |  | — |  |  | (7,487 | )
Income tax provision |  | (884 | ) |  | — |  |  | — |  |  | — |  |  | (884 | )
Net income / (loss) from continuing operations, net of taxes |  | (7,661 | ) |  | 1,068 |  |  | (10 | ) |  | — |  |  | (6,603 | )
Income / (loss) from discontinued operations |  | (73 | ) |  | 620 |  |  | (402 | ) |  | — |  |  | 145 |
Net income / (loss) from discontinued operations, net of taxes |  | (73 | ) |  | 620 |  |  | (402 | ) |  | — |  |  | 145 |
Net income / (loss) |  | $ | (7,734 | ) |  | $ | 1,688 |  |  | $ | (412 | ) |  | $ | — |  |  | $ | (6,458 | )
Other comprehensive income / (loss) |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | — |  |  | 211 |  |  | (216 | ) |  | — |  |  | (5 | )
Comprehensive income / (loss) |  | $ | (7,734 | ) |  | $ | 1,899 |  |  | $ | (628 | ) |  | $ | — |  |  | $ | (6,463 | )
Consolidated Statement of Operations and Comprehensive Loss for the six 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 |  | — |  |  | 56,093 |  |  | 517 |  |  | (25,552 | ) |  | 31,058 |
Cost of revenues |  |  |  |  |  |  |  |  |  |
License fees and revenue share |  | — |  |  | 44,904 |  |  | 105 |  |  | (25,552 | ) |  | 19,457 |
Other direct cost of revenues |  | — |  |  | 839 |  |  | — |  |  |  |  | 839 |
Total cost of revenues |  | — |  |  | 45,743 |  |  | 105 |  |  | (25,552 | ) |  | 20,296 |
Gross profit |  | — |  |  | 10,350 |  |  | 412 |  |  | — |  |  | 10,762 |
Operating expenses |  |  |  |  |  |  |  |  |  |
Product development |  | 12 |  |  | 4,373 |  |  | 30 |  |  | — |  |  | 4,415 |
Sales and marketing |  | 174 |  |  | 2,125 |  |  | 122 |  |  | — |  |  | 2,421 |
General and administrative |  | 4,645 |  |  | 2,070 |  |  | 194 |  |  | — |  |  | 6,909 |
Total operating expenses |  | 4,831 |  |  | 8,568 |  |  | 346 |  |  | — |  |  | 13,745 |
Income / (loss) from operations |  | (4,831 | ) |  | 1,782 |  |  | 66 |  |  | — |  |  | (2,983 | )
Interest and other income / (expense), net |  |  |  |  |  |  |  |  |  |
Interest expense |  | (1,369 | ) |  | — |  |  | — |  |  | — |  |  | (1,369 | )
Foreign exchange transaction loss |  | — |  |  | (110 | ) |  | — |  |  | — |  |  | (110 | )
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 | ) |  | 102 |  |  | — |  |  | — |  |  | 81 |
Total interest and other income / (expense), net |  | (8,552 | ) |  | (8 | ) |  | — |  |  | — |  |  | (8,560 | )
Income / (loss) from continuing operations before income taxes |  | (13,383 | ) |  | 1,774 |  |  | 66 |  |  | — |  |  | (11,543 | )
Income tax provision |  | (853 | ) |  | — |  |  | — |  |  | — |  |  | (853 | )
Net income / (loss) from continuing operations, net of taxes |  | (12,530 | ) |  | 1,774 |  |  | 66 |  |  | — |  |  | (10,690 | )
Income / (loss) from discontinued operations |  | (73 | ) |  | 576 |  |  | (446 | ) |  | — |  |  | 57 |
Net income / (loss) from discontinued operations, net of taxes |  | (73 | ) |  | 576 |  |  | (446 | ) |  | — |  |  | 57 |
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 Cash Flows for the six months ended September 30, 2018 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
Cash flows from operating activities |  |  |  |  |  |  |  |
Net income / (loss) from continuing operations, net of taxes |  | $ | 2,632 |  |  | $ | 1,549 |  |  | $ | (585 | ) |  | $ | 3,596 |
Adjustments to reconcile net income / (loss) from continuing operations to net cash used in operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 17 |  |  | 1,417 |  |  | 2 |  |  | 1,436 |
Loss on disposal of fixed assets |  | — |  |  | — |  |  | — |  |  | — |
Change in allowance for doubtful accounts |  | — |  |  | 319 |  |  | 35 |  |  | 354 |
Amortization of debt discount and debt issuance costs |  | 188 |  |  | — |  |  | — |  |  | 188 |
Stock-based compensation |  | 942 |  |  | — |  |  | — |  |  | 942 |
Stock-based compensation for services rendered |  | 208 |  |  | — |  |  | — |  |  | 208 |
Change in fair value of convertible note embedded derivative liability |  | (2,572 | ) |  | — |  |  | — |  |  | (2,572 | )
Change in fair value of warrant liability |  | (2,496 | ) |  | — |  |  | — |  |  | (2,496 | )
Loss on extinguishment of debt |  | 15 |  |  | — |  |  | — |  |  | 15 |
(Increase) / decrease in assets: |  |  |  |  |  |  |  |
Accounts receivable |  | — |  |  | (4,549 | ) |  | 383 |  |  | (4,166 | )
Deferred tax assets |  | (59 | ) |  | — |  |  | — |  |  | (59 | )
Prepaid expenses and other current assets |  | 18 |  |  | 10 |  |  | 5 |  |  | 33 |
Increase / (decrease) in liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | 38 |  |  | 6,986 |  |  | (167 | ) |  | 6,857 |
Accrued license fees and revenue share |  | — |  |  | (2,594 | ) |  | 79 |  |  | (2,515 | )
Accrued compensation |  | (2,250 | ) |  | (113 | ) |  | (15 | ) |  | (2,378 | )
Accrued interest |  | 3 |  |  | — |  |  | — |  |  | 3 |
Other current liabilities |  | 4,422 |  |  | (3,564 | ) |  | (450 | ) |  | 408 |
Other non-current liabilities |  | (11 | ) |  | — |  |  | — |  |  | (11 | )
Cash provided by / (used in) operating activities - continuing operations |  | 1,095 |  |  | (539 | ) |  | (713 | ) |  | (157 | )
Cash used in operating activities - discontinued operations |  | — |  |  | (2,648 | ) |  | (450 | ) |  | (3,098 | )
Net cash provided by / (used in) operating activities |  | 1,095 |  |  | (3,187 | ) |  | (1,163 | ) |  | (3,255 | )
Cash flows from investing activities |  |  |  |  |  |  |  |
Capital expenditures |  | (336 | ) |  | (749 | ) |  | — |  |  | (1,085 | )
Proceeds from intercompany transfer of assets between subsidiaries |  | (1,065 | ) |  | — |  |  | 1,065 |  |  | — |
Cash provided by / (used in) investing activities - continuing operations |  | (1,401 | ) |  | (749 | ) |  | 1,065 |  |  | (1,085 | )
Cash used in investing activities - discontinued operations |  | — |  |  | (41 | ) |  | — |  |  | (41 | )
Net cash provided by / (used in) investing activities |  | (1,401 | ) |  | (790 | ) |  | 1,065 |  |  | (1,126 | )
Cash flows from financing activities |  |  |  |  |  |  |  |
Options exercised |  | 160 |  |  | — |  |  | — |  |  | 160 |
Repayment of debt obligations |  | (50 | ) |  | — |  |  | — |  |  | (50 | )
Net cash used in financing activities |  | 110 |  |  | — |  |  | — |  |  | 110 |
Net change in cash |  | (196 | ) |  | (3,977 | ) |  | (98 | ) |  | (4,271 | )
Cash and restricted cash, beginning of period |  | 657 |  |  | 11,975 |  |  | 419 |  |  | 13,051 |
Cash and restricted cash, end of period |  | $ | 461 |  |  | $ | 7,998 |  |  | $ | 321 |  |  | $ | 8,780 |
Condensed Cash Flow Statement | Consolidated Statement of Cash Flows for the six months ended September 30, 2018 (Unaudited) (in thousands, except par value and share amounts)
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total
Cash flows from operating activities |  |  |  |  |  |  |  |
Net income / (loss) from continuing operations, net of taxes |  | $ | 2,632 |  |  | $ | 1,549 |  |  | $ | (585 | ) |  | $ | 3,596 |
Adjustments to reconcile net income / (loss) from continuing operations to net cash used in operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 17 |  |  | 1,417 |  |  | 2 |  |  | 1,436 |
Loss on disposal of fixed assets |  | — |  |  | — |  |  | — |  |  | — |
Change in allowance for doubtful accounts |  | — |  |  | 319 |  |  | 35 |  |  | 354 |
Amortization of debt discount and debt issuance costs |  | 188 |  |  | — |  |  | — |  |  | 188 |
Stock-based compensation |  | 942 |  |  | — |  |  | — |  |  | 942 |
Stock-based compensation for services rendered |  | 208 |  |  | — |  |  | — |  |  | 208 |
Change in fair value of convertible note embedded derivative liability |  | (2,572 | ) |  | — |  |  | — |  |  | (2,572 | )
Change in fair value of warrant liability |  | (2,496 | ) |  | — |  |  | — |  |  | (2,496 | )
Loss on extinguishment of debt |  | 15 |  |  | — |  |  | — |  |  | 15 |
(Increase) / decrease in assets: |  |  |  |  |  |  |  |
Accounts receivable |  | — |  |  | (4,549 | ) |  | 383 |  |  | (4,166 | )
Deferred tax assets |  | (59 | ) |  | — |  |  | — |  |  | (59 | )
Prepaid expenses and other current assets |  | 18 |  |  | 10 |  |  | 5 |  |  | 33 |
Increase / (decrease) in liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | 38 |  |  | 6,986 |  |  | (167 | ) |  | 6,857 |
Accrued license fees and revenue share |  | — |  |  | (2,594 | ) |  | 79 |  |  | (2,515 | )
Accrued compensation |  | (2,250 | ) |  | (113 | ) |  | (15 | ) |  | (2,378 | )
Accrued interest |  | 3 |  |  | — |  |  | — |  |  | 3 |
Other current liabilities |  | 4,422 |  |  | (3,564 | ) |  | (450 | ) |  | 408 |
Other non-current liabilities |  | (11 | ) |  | — |  |  | — |  |  | (11 | )
Cash provided by / (used in) operating activities - continuing operations |  | 1,095 |  |  | (539 | ) |  | (713 | ) |  | (157 | )
Cash used in operating activities - discontinued operations |  | — |  |  | (2,648 | ) |  | (450 | ) |  | (3,098 | )
Net cash provided by / (used in) operating activities |  | 1,095 |  |  | (3,187 | ) |  | (1,163 | ) |  | (3,255 | )
Cash flows from investing activities |  |  |  |  |  |  |  |
Capital expenditures |  | (336 | ) |  | (749 | ) |  | — |  |  | (1,085 | )
Proceeds from intercompany transfer of assets between subsidiaries |  | (1,065 | ) |  | — |  |  | 1,065 |  |  | — |
Cash provided by / (used in) investing activities - continuing operations |  | (1,401 | ) |  | (749 | ) |  | 1,065 |  |  | (1,085 | )
Cash used in investing activities - discontinued operations |  | — |  |  | (41 | ) |  | — |  |  | (41 | )
Net cash provided by / (used in) investing activities |  | (1,401 | ) |  | (790 | ) |  | 1,065 |  |  | (1,126 | )
Cash flows from financing activities |  |  |  |  |  |  |  |
Options exercised |  | 160 |  |  | — |  |  | — |  |  | 160 |
Repayment of debt obligations |  | (50 | ) |  | — |  |  | — |  |  | (50 | )
Net cash used in financing activities |  | 110 |  |  | — |  |  | — |  |  | 110 |
Net change in cash |  | (196 | ) |  | (3,977 | ) |  | (98 | ) |  | (4,271 | )
Cash and restricted cash, beginning of period |  | 657 |  |  | 11,975 |  |  | 419 |  |  | 13,051 |
Cash and restricted cash, end of period |  | $ | 461 |  |  | $ | 7,998 |  |  | $ | 321 |  |  | $ | 8,780 |
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 income / (loss) from continuing operations, net of taxes |  | $ | (12,530 | ) |  | $ | 1,774 |  |  | $ | 66 |  |  | $ | (10,690 | )
Adjustments to reconcile net income / (loss) from continuing operations to net cash used in operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 9 |  |  | 872 |  |  | 408 |  |  | 1,289 |
Amortization of debt discount and debt issuance costs |  | 680 |  |  | — |  |  | — |  |  | 680 |
Change in allowance for doubtful accounts |  | — |  |  | 219 |  |  | (15 | ) |  | 204 |
Stock-based compensation |  | 1,360 |  |  | — |  |  | — |  |  | 1,360 |
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 |  | — |  |  | (5,697 | ) |  | 215 |  |  | (5,482 | )
Deposits |  | — |  |  | 4 |  |  | — |  |  | 4 |
Deferred tax assets |  | (336 | ) |  | — |  |  | — |  |  | (336 | )
Prepaid expenses and other current assets |  | 33 |  |  | 30 |  |  | (11 | ) |  | 52 |
Increase / (decrease) in liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | (272 | ) |  | 5,006 |  |  | (35 | ) |  | 4,699 |
Accrued license fees and revenue share |  | — |  |  | 740 |  |  | 88 |  |  | 828 |
Accrued compensation |  | 501 |  |  | 164 |  |  | — |  |  | 665 |
Accrued interest |  | (24 | ) |  | — |  |  | — |  |  | (24 | )
Other current liabilities |  | 2,096 |  |  | (1,669 | ) |  | (500 | ) |  | (73 | )
Other non-current liabilities |  | (529 | ) |  | — |  |  | — |  |  | (529 | )
Intercompany movement of cash |  | 3 |  |  | (28 | ) |  | 25 |  |  | — |
Cash provided by / (used in) operating activities - continuing operations |  | (1,697 | ) |  | 1,415 |  |  | 241 |  |  | (41 | )
Cash provided by / (used in) operating activities - discontinued operations |  | 46 |  |  | (1,047 | ) |  | (338 | ) |  | (1,339 | )
Net cash provided by / (used in) operating activities |  | (1,651 | ) |  | 368 |  |  | (97 | ) |  | (1,380 | )
Cash flows from investing activities |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (743 | ) |  | (5 | ) |  | (748 | )
Cash provided by / (used in) investing activities - continuing operations |  |  |  | (743 | ) |  | (5 | ) |  | (748 | )
Cash provided by / (used in) investing activities - discontinued operations |  | — |  |  | (75 | ) |  | — |  |  | (75 | )
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 |
Repayment of debt obligations |  | (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 and restricted cash, beginning of period |  | 414 |  |  | 5,508 |  |  | 558 |  |  | 6,480 |
Cash and restricted cash, end of period |  | $ | 689 |  |  | $ | 5,053 |  |  | $ | 456 |  |  | $ | 6,198 |

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