Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Jun. 30, 2017 | Aug. 04, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | DETERMINE, INC. | |
Entity Central Index Key | 1,090,908 | |
Trading Symbol | dtrm | |
Current Fiscal Year End Date | --03-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 14,606,418 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2017 | Mar. 31, 2017 |
ASSETS | ||
Cash and cash equivalents | $ 13,656 | $ 9,429 |
Accounts receivable, net of allowance for doubtful accounts of $111 and $114 as of June 30, 2017 and March 31, 2017, respectively | 6,688 | 7,042 |
Restricted cash | 26 | 34 |
Prepaid expenses and other current assets | 1,443 | 1,553 |
Total current assets | 21,813 | 18,058 |
Property and equipment, net | 84 | 85 |
Capitalized software development costs, net | 2,578 | 2,341 |
Goodwill | 14,904 | 14,448 |
Other intangibles, net | 5,441 | 5,860 |
Other assets | 1,531 | 1,599 |
Total assets | 46,351 | 42,391 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
Credit facility | 11,861 | 11,861 |
Accounts payable | 1,996 | 2,478 |
Accrued payroll and related liabilities | 1,972 | 1,729 |
Other accrued liabilities | 2,423 | 2,042 |
Deferred revenue | 9,828 | 10,070 |
Income tax payable | 120 | 23 |
COFACE loan | 130 | 174 |
Total current liabilities | 28,330 | 28,377 |
Long-term deferred revenue | 36 | 10 |
Convertible note, net of debt discount | 6,845 | 7,599 |
Other long-term liabilities | 1,306 | 1,306 |
Total liabilities | 36,517 | 37,292 |
Commitments and contingencies (Notes 8 and 9): | ||
Stockholders' equity: | ||
Common stock, $0.0001 par value; Authorized: 35,000 shares at June 30, 2017 and March 31, 2017; Issued: 14,740 and 12,223 shares at June 30, 2017 and March 31, 2017, respectively; Outstanding: 14,595 and 12,078 shares at June 30, 2017 and March 31, 2017, respectively | 7 | 5 |
Additional paid-in capital | 324,009 | 317,367 |
Treasury stock at cost - 145 shares at June 30, 2017 and March 31, 2017 | (472) | (472) |
Accumulated deficit | (313,855) | (311,749) |
Accumulated other comprehensive income (loss) | 145 | (52) |
Total stockholders’ equity | 9,834 | 5,099 |
Total liabilities and stockholders’ equity | $ 46,351 | $ 42,391 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) shares in Thousands, $ in Thousands | Jun. 30, 2017 | Mar. 31, 2017 |
Accounts receivable, allowance for doubtful accounts | $ 111 | $ 114 |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized (in shares) | 35,000 | 35,000 |
Common stock, shares issued (in shares) | 14,740 | 12,223 |
Common stock, shares outstanding (in shares) | 14,595 | 12,078 |
Treasury stock, shares (in shares) | 145 | 145 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Revenues: | ||
Revenues | $ 6,988 | $ 6,492 |
Cost of revenues: | ||
Cost of revenues | 3,303 | 3,107 |
Gross profit: | ||
Gross profit | 3,685 | 3,385 |
Operating expenses: | ||
Research and development | 1,066 | 947 |
Sales and marketing | 2,496 | 2,803 |
General and administrative | 2,072 | 1,756 |
Total operating expenses | 5,634 | 5,506 |
Loss from operations | (1,949) | (2,121) |
Other expense, net | (178) | (291) |
Net loss before income tax | (2,127) | (2,412) |
Benefit from income taxes | 17 | 70 |
Net loss | $ (2,110) | $ (2,342) |
Basic and diluted net loss per share (Note 7) (in dollars per share) | $ (0.17) | $ (0.21) |
Weighted-average shares of common stock used in computing basic and diluted net loss per share (in shares) | 12,249 | 11,413 |
Statements of Comprehensive Loss: | ||
Net loss | $ (2,110) | $ (2,342) |
Foreign currency translation adjustments, net | 311 | (26) |
Other comprehensive loss | (114) | |
Comprehensive loss | (1,913) | (2,368) |
Fair Value, Measurements, Recurring [Member] | ||
Revenues: | ||
Revenues | 5,300 | 5,068 |
Cost of revenues: | ||
Cost of revenues | 1,786 | 1,606 |
Gross profit: | ||
Gross profit | 3,514 | 3,462 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Revenues: | ||
Revenues | 1,688 | 1,424 |
Cost of revenues: | ||
Cost of revenues | 1,517 | 1,501 |
Gross profit: | ||
Gross profit | $ 171 | $ (77) |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Operating activities | ||
Net loss | $ (2,110) | $ (2,342) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 971 | 772 |
Stock-based compensation expense | 586 | 528 |
Interest expense paid in kind as convertible note debt | 219 | |
Accrued restructuring costs | (403) | |
Income tax benefit | (17) | (70) |
Unrealized currency translation gains | (252) | |
Changes in assets and liabilities: | ||
Accounts receivable, net | 354 | 840 |
Prepaid expenses and other current assets | 103 | 63 |
Other assets | 228 | (104) |
Accounts payable | (482) | (687) |
Accrued payroll and related liabilities | 243 | 203 |
Other accrued liabilities and other long-term liabilities | 383 | 91 |
Deferred revenue | (216) | (212) |
Net cash provided by (used in) operating activities | 10 | (1,321) |
Investing activities | ||
Purchase of property and equipment | (7) | (22) |
Capitalized software development costs, net | (569) | (329) |
Net cash used in investing activities | (576) | (351) |
Financing activities | ||
Proceeds from issuance of stock, net of issuance costs | 4,939 | |
Net employee withholding taxes paid in connection to issuance of restricted stock | (24) | (20) |
Issuance of stock under employee stock purchase plan | 4 | |
Credit facility borrowing | 3,000 | |
Credit facility payment | (1,139) | |
Repayment of loan | (44) | (58) |
Proceeds from exercise of stock options | 1 | |
Issuance of debt, net of costs | 144 | |
Net cash provided by financing activities | 4,872 | 1,931 |
Effect of exchange rate changes on cash | (79) | (26) |
Net increase in cash and cash equivalents | 4,227 | 233 |
Cash and cash equivalents at beginning of the period | 9,429 | 9,418 |
Cash and cash equivalents at end of the period | 13,656 | 9,651 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 63 | 46 |
Cash paid for taxes | 48 | 35 |
Stock Issued in Connection with Loan Guarantee Extension [Member] | ||
Supplemental disclosure of cash flow information: | ||
Stock issued | 169 | |
Stock Issued Upon Conversion of Convertible Note [Member] | ||
Supplemental disclosure of cash flow information: | ||
Stock issued | 973 | |
Stock Issued in Connection with Interest on Convertible Note [Member] | ||
Supplemental disclosure of cash flow information: | ||
Stock issued | 139 | |
Issuance of Common Stock for a Legal Settlement [Member] | ||
Supplemental disclosure of cash flow information: | ||
Stock issued | $ 35 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | 1. The condensed consolidated balance sheet as of June 30, 2017 March 31, 2017, three June 30, 2017 2016 June 30, 2017, three June 30, 2017 2016, not March 31, 2017 Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10 March 31, 2017. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. There have been no 10 March 31, 2017. Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Additionally, certain prior period amounts have been reclassified to conform to the current year presentation on the condensed consolidated financial statements. The reclassification of the prior period amounts were not Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates these estimates, including, but not Revenue Recognition The Company generates revenues by providing its software-as-a-service solutions through subscription license arrangements and related professional services, and related software maintenance. The Company presents revenue net of sales taxes and any similar assessments. Revenue recognition criteria 1 2 3 4 one four not Multiple-Deliverable Arrangements. Upon separating the multiple-deliverables into separate units of accounting, the arrangement consideration is allocated to the identified separate units based on a relative selling price hierarchy. The Company determines the relative selling price for a deliverable based on the vendor-specific objective evidence of the selling price (“VSOE”), if available, or its best estimate of the selling price (“BESP”), if VSOE is not third not third For professional services and subscription services, the Company has not The Company determined BESP by considering its price list, as well as overall pricing objectives and market conditions. Significant pricing practices taken into consideration include the Company’s discounting practices, contract prices per user, the size and volume of the Company’s transactions, the customer demographic and its market strategy. Recurring revenues. Non-recurring revenues. not Reimbursements, including those related to travel and out-of-pocket expenses are included in non-recurring revenues, and an equivalent amount of reimbursable expenses are included in non-recurring cost of revenues. Customer Concentrations Historically, a limited number of customers have accounted for a substantial portion of the Company’s revenues. However, during the three June 30, 2017 2016, no 10% Geographic Information International revenues are attributable to countries based on the location of the customer. For the three June 30, 2017 2016, Three Months Ended June 30, 201 7 June 30, 201 6 International revenues 28 % 29 % Domestic revenues 72 % 71 % Total revenues 100 % 100 % Recent Accounting Pronouncements In May 2017, 2017 09, Compensation-Stock Compensation (Topic 718 December 15, 2017. not 2017 09 In January 2017, 2017 04, Intangibles—Goodwill and Other (Topic 350 two 2017 04 January 1, 2020 2017 04 In January 2017, 2017 01, Clarifying the Definition of a Business not one December 15, 2017. not In August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 Classification of Certain Cash Receipts and Cash Payments (Topic 230 eight December 15, 2017, The Company does not In March 2016, 2016 09, Compensation -Stock Compensation (Topic 718 April 1, 2017. The adoption of this update did not In May 2014, 2014 09, Revenue from Contracts with Customers: Topic 606 August 2015, March 2016, April 2016, May 2016 2015 14, 2016 08, 2016 10 2016 12, 2014 09, 2015 14, 2016 08, 2016 10 2016 12 606” 606 606 606 five may 606 No. 2015 14 December 15, 2016 December 15, 2017, not The Company is not may The Company has reviewed other new accounting pronouncements that were issued as of June 30, 2017 not |
Note 3 - Goodwill and Other Int
Note 3 - Goodwill and Other Intangible Assets | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | 3. The following is a summary of goodwill (in thousands): Balance at March 31, 2017 $ 14,448 Foreign currency translation adjustment 456 Balance at June 30, 2017 $ 14,904 The following is a summary of other intangible assets, net (in thousands): June 3 0 , 201 7 Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Adjustment Net Carrying Value Acquired developed technology $ 5,034 $ (2,644 ) $ 66 $ 2,456 Customer relationships 5,857 (2,917 ) 45 2,985 $ 10,891 $ (5,561 ) $ 111 $ 5,441 March 3 1 , 201 7 Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Adjustment Net Carrying Value Acquired developed technology $ 5,034 $ (2,347 ) $ (50 ) $ 2,637 Customer relationships 5,857 (2,599 ) (35 ) 3,223 $ 10,891 $ (4,946 ) $ (85 ) $ 5,860 Acquired developed technology and customer relationships are being amortized on a straight-line basis and have weighted-average remaining useful lives of 3.90 3.24 June 30, 2017. $0.6 three June 30, 2017 2016, |
Note 4 - Property and Equipment
Note 4 - Property and Equipment, Net | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 4. Property and equipment, net consist of the following: June 30, March 31, 201 7 201 7 (in thousands) Computers and software $ 351 $ 360 Furniture and equipment 251 316 Leasehold improvements 44 59 646 735 Less: accumulated depreciation (562 ) (650 ) Total property and equipment, net $ 84 $ 85 Depreciation expense was approximately $0.02 $0.03 three June 30, 2017 2016, |
Note 5 - Capitalized Software D
Note 5 - Capitalized Software Development Costs | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Research, Development, and Computer Software Disclosure [Text Block] | 5. The Company capitalizes costs for internal use software incurred during the application development stage that are included in research and development expenses. Costs related to preliminary project activities and post implementation activities are expensed as incurred. The Company capitalized $0.6 $0.3 three June 30, 2017 2016, Capitalized software is amortized once the product is ready for its intended use, using the straight-line method over the estimated useful lives of the assets, which is three $0.4 $0.2 three June 30, 2017 2016, $2.6 $2.3 June 30, 2017 March 31, 2017, Management continues to evaluate the capitalized software development costs across all product lines and did not three June 30, 2017 2016. |
Note 6 - Stockholders' Equity
Note 6 - Stockholders' Equity | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 6 . Stockholders’ Equity Equity Incentive Program The Company’s equity incentive program is a broad-based, retention program comprised of stock options, restricted stock units and an employee stock purchase plan (“ESPP”) designed to align stockholder and employee interests. For a description of the Company’s equity plans, see the notes to consolidated financial statements contained in the Company’s Annual Report on Form 10 March 31, 2017. Valuation Assumptions During the three June 30, 2017, Three Months Ended June 30, 2017 Risk-free interest rate 1.91 % Dividend yield 0 % Expected volatility 54.00 % Expected term in years 6.08 Weighted average fair value at grant date $ 1.81 The following tables summarize activity under the equity incentive plans for the three June 30, 2017: Options Outstanding Restricted Stock Units Outstanding Number of shares (in thousands) Weighted average exercise price Number of shares (in thousands) Weighted average fair value Outstanding at April 1, 2017 4,530 $ 3.02 181 $ 3.94 Granted 65 $ 3.44 - $ - Exercised/Released - $ - (35 ) $ 3.99 Cancelled (21 ) $ 3.95 - $ - Outstanding at June 30, 2017 4,574 $ 3.02 146 $ 3.93 Vested and expected to vest 4,303 $ 3.07 Shares Available for Grant (in thousands) Balance at April 1, 2017 594 Options: Granted from approved plans (65 ) Cancelled 9 Balance at June 30, 2017 538 The weighted average remaining contractual term for exercisable options is 7.97 June 30, 2017 June 30, 2017 $2.63 June 30, 2017 2016 $2.6 $0, June 30, 2017 2016 $0.4 $0.3 The options outstanding and exercisable at June 30, 2017 Options Outstanding Options Vested Range of Exercise Prices per share Number of Shares (in thousands) Weighted- Average Remaining Contractual Life (in years) Number of Shares (in thousands) Weighted- Average Exercise Price per Share $1.35 — $1.35 103 8.96 29 $ 1.35 $1.64 — $1.64 2,000 8.65 660 $ 1.64 $1.75 — $2.00 575 9.12 108 $ 1.78 $2.59 — $3.99 460 8.81 166 $ 3.48 $4.32 — $4.32 634 8.08 304 $ 4.32 $5.18 — $6.61 741 7.11 531 $ 6.28 $6.83 — $6.83 50 6.64 50 $ 6.83 $7.20 — $7.20 5 1.66 5 $ 7.20 $11.40 — $11.40 5 1.15 5 $ 11.40 $18.90 — $18.90 1 0.04 1 $ 18.90 $1.35 — $18.90 4,574 8.37 1,859 $ 3.75 The effect of recording stock-based compensation expense (including expense related to the ESPP discussed below) for each of the periods presented was as follows (in thousands): Three Months Ended June 30, 201 7 June 30, 201 6 Cost of revenues $ 28 $ 59 Research and development 63 53 Sales and marketing 92 163 General and administrative 403 253 Impact on net loss $ 586 $ 528 As of June 30, 2017, $2.9 $0.4 2.50 0.98 1999 The price paid for the Company’s common stock purchased under the ESPP is equal to 85% three June 30, 2017 2016 $16,000 $29,000, three June 30, 2017 2016, no Registered Direct Offering On June 26, 2017, 2,184,000 $2.50 $4.9 $0.3 $0.2 |
Note 7 - Computation of Basic a
Note 7 - Computation of Basic and Diluted Net Loss Per Share | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 7 . Computation of Basic and Diluted Net Loss per Share Basic and diluted net loss per share have been computed using the weighted-average number of shares of common stock outstanding during the period. The Company excludes securities from its diluted net loss per share computation when their effect would be antidilutive to net loss per share amounts. The following common stock equivalents were excluded from the net loss per share computation: Three Months Ended June 30, 201 7 June 30, 201 6 (in thousands) Options 1,854 2,779 Unvested restricted stock units 69 198 Warrants 2,262 2,262 Total common stock equivalents excluded from diluted net loss per common share 4,185 5,239 |
Note 8 - Operating Lease Commit
Note 8 - Operating Lease Commitments | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Leases of Lessee Disclosure [Text Block] | 8 . Operating Lease Commitments The Company leases office space in London, United Kingdom, Aix-en-Provence, France, Paris, France, Atlanta, Georgia, the District of Columbia and, for its headquarters, in Carmel, Indiana. The leases are non-cancelable operating leases with various expirations through August 2020. $0.1 $0.2 three June 30, 2017 2016, During the third 2017, August 2018. $13,000 three June 30, 2017. |
Note 9 - Litigation and Conting
Note 9 - Litigation and Contingencies | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | 9. From time to time the Company is subject to certain routine legal proceedings, as well as demands, claims and threatened litigation, that arise in the normal course of its business. The Company believes that the ultimate amount of liability, if any, for any pending claims of any type (either alone or combined) will not In November 2015, April 2016, $0.6 three June 30, 2016. Warranties and Indemnifications The Company’s products are generally warranted to perform substantially in accordance with the functional specifications set forth in the associated product documentation for a period of 90 not June 30, 2017 March 31, 2017. not The Company generally agrees to indemnify its customers against legal claims that the Company’s software infringes certain third third not not not June 30, 2017 March 31, 2017. |
Note 10 - Credit Facility and C
Note 10 - Credit Facility and Convertible Notes | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 1 0 . Credit Facility and Convertible Notes The Company maintains financing facilities and convertible note purchase agreements. For a description of the Company’s debt financing, see the notes to consolidated financial statements contained in the Company’s Annual Report on Form 10 March 31, 2017 Amendment of Business Financing Agreement On June 1, 2017, April 20, 2019 4.00%, 0.25%. Amendment of Limited Guaranties In connection with the Amendment, on June 1, 2017, April 22, 2016, January 23, 2017, April 30, 2019. ten 10 no July 30, 2020. Amendment to Guaranty Fee Agreements On June 1, 2017, 50,000 62,500 Note Conversion On June 21, 2017, two “March 2015 $1.0 March 11, 2015, “March 2015 170,733 $5.70 March 2015 March 2015 March 2015 218,540 March 2015 6, Stockholders’ Equity June 30, 2017, March 2015 $2.3 As of June 30, 2017 March 31, 2017, $ 11.9 $ 1.1 not 2:00 1:00 three June 30, 2017, |
Note 11 - Income Taxes
Note 11 - Income Taxes | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 1 1 . Income Taxes The benefit from income taxes is based upon loss before income taxes as follows (in thousands): Three Months Ended June 30, 2017 Domestic pre-tax loss $ (1,803 ) Foreign pre-tax loss (324 ) Total pre-tax loss $ (2,127 ) The components of the benefit from income taxes are as follows (in thousands): Three Months Ended June 30, 2017 US $ (22 ) Foreign 5 Total provision for income taxes $ (17 ) The Company accounts for its income taxes in accordance with ASC 740, 740 740, not 740 At June 30, 2017, no In addition, at June 30, 2017, $1.4 no ASC 740 three June 30, 2017, $28,000 three June 30, 2017. The Company’s Federal, state and foreign tax returns may 1998 2016 |
Note 12 - Related Party Transac
Note 12 - Related Party Transactions | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 12. Determine SAS rents its offices from SCI Donapierre, the company controlled by two ’ three June 30, 2017 2016, $90,000 $21,000, The Company also maintains financing facilities and convertible note purchase agreements with related parties, as set forth in Note 10, Credit Facility and Convertible Notes 8, Operating Lease Commitments |
Note 13 - Subsequent Events
Note 13 - Subsequent Events | 3 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 13. The Company extended the employment of Michael Brodsky by entering into an amendment dated August 10, 2017 ( $15,000 September 1, 2018. 75,600 37,800 2015 12 Effective August 14, 2017, 22,059 14,706 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Additionally, certain prior period amounts have been reclassified to conform to the current year presentation on the condensed consolidated financial statements. The reclassification of the prior period amounts were not |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates these estimates, including, but not |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company generates revenues by providing its software-as-a-service solutions through subscription license arrangements and related professional services, and related software maintenance. The Company presents revenue net of sales taxes and any similar assessments. Revenue recognition criteria 1 2 3 4 one four not Multiple-Deliverable Arrangements. Upon separating the multiple-deliverables into separate units of accounting, the arrangement consideration is allocated to the identified separate units based on a relative selling price hierarchy. The Company determines the relative selling price for a deliverable based on the vendor-specific objective evidence of the selling price (“VSOE”), if available, or its best estimate of the selling price (“BESP”), if VSOE is not third not third For professional services and subscription services, the Company has not The Company determined BESP by considering its price list, as well as overall pricing objectives and market conditions. Significant pricing practices taken into consideration include the Company’s discounting practices, contract prices per user, the size and volume of the Company’s transactions, the customer demographic and its market strategy. Recurring revenues. Non-recurring revenues. not Reimbursements, including those related to travel and out-of-pocket expenses are included in non-recurring revenues, and an equivalent amount of reimbursable expenses are included in non-recurring cost of revenues. |
Customer Concentration Risk, Policy [Policy Text Block] | Customer Concentrations Historically, a limited number of customers have accounted for a substantial portion of the Company’s revenues. However, during the three June 30, 2017 2016, no 10% |
Geographic Information, Policy [Policy Text Block] | Geographic Information International revenues are attributable to countries based on the location of the customer. For the three June 30, 2017 2016, Three Months Ended June 30, 201 7 June 30, 201 6 International revenues 28 % 29 % Domestic revenues 72 % 71 % Total revenues 100 % 100 % |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In May 2017, 2017 09, Compensation-Stock Compensation (Topic 718 December 15, 2017. not 2017 09 In January 2017, 2017 04, Intangibles—Goodwill and Other (Topic 350 two 2017 04 January 1, 2020 2017 04 In January 2017, 2017 01, Clarifying the Definition of a Business not one December 15, 2017. not In August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 Classification of Certain Cash Receipts and Cash Payments (Topic 230 eight December 15, 2017, The Company does not In March 2016, 2016 09, Compensation -Stock Compensation (Topic 718 April 1, 2017. The adoption of this update did not In May 2014, 2014 09, Revenue from Contracts with Customers: Topic 606 August 2015, March 2016, April 2016, May 2016 2015 14, 2016 08, 2016 10 2016 12, 2014 09, 2015 14, 2016 08, 2016 10 2016 12 606” 606 606 606 five may 606 No. 2015 14 December 15, 2016 December 15, 2017, not The Company is not may The Company has reviewed other new accounting pronouncements that were issued as of June 30, 2017 not |
Note 2 - Summary of Significa20
Note 2 - Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Revenue from External Customers by Geographic Areas [Table Text Block] | Three Months Ended June 30, 201 7 June 30, 201 6 International revenues 28 % 29 % Domestic revenues 72 % 71 % Total revenues 100 % 100 % |
Note 3 - Goodwill and Other I21
Note 3 - Goodwill and Other Intangible Assets (Tables) | 3 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Balance at March 31, 2017 $ 14,448 Foreign currency translation adjustment 456 Balance at June 30, 2017 $ 14,904 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | June 3 0 , 201 7 Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Adjustment Net Carrying Value Acquired developed technology $ 5,034 $ (2,644 ) $ 66 $ 2,456 Customer relationships 5,857 (2,917 ) 45 2,985 $ 10,891 $ (5,561 ) $ 111 $ 5,441 March 3 1 , 201 7 Gross Carrying Amount Accumulated Amortization Foreign Currency Translation Adjustment Net Carrying Value Acquired developed technology $ 5,034 $ (2,347 ) $ (50 ) $ 2,637 Customer relationships 5,857 (2,599 ) (35 ) 3,223 $ 10,891 $ (4,946 ) $ (85 ) $ 5,860 |
Note 4 - Property and Equipme22
Note 4 - Property and Equipment, Net (Tables) | 3 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | June 30, March 31, 201 7 201 7 (in thousands) Computers and software $ 351 $ 360 Furniture and equipment 251 316 Leasehold improvements 44 59 646 735 Less: accumulated depreciation (562 ) (650 ) Total property and equipment, net $ 84 $ 85 |
Note 6 - Stockholders' Equity (
Note 6 - Stockholders' Equity (Tables) | 3 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Three Months Ended June 30, 2017 Risk-free interest rate 1.91 % Dividend yield 0 % Expected volatility 54.00 % Expected term in years 6.08 Weighted average fair value at grant date $ 1.81 |
Share-based Compensation, Activity [Table Text Block] | Options Outstanding Restricted Stock Units Outstanding Number of shares (in thousands) Weighted average exercise price Number of shares (in thousands) Weighted average fair value Outstanding at April 1, 2017 4,530 $ 3.02 181 $ 3.94 Granted 65 $ 3.44 - $ - Exercised/Released - $ - (35 ) $ 3.99 Cancelled (21 ) $ 3.95 - $ - Outstanding at June 30, 2017 4,574 $ 3.02 146 $ 3.93 Vested and expected to vest 4,303 $ 3.07 |
Schedule of Share-based Compensation, Shares Available for Grant [Table Text Block] | Shares Available for Grant (in thousands) Balance at April 1, 2017 594 Options: Granted from approved plans (65 ) Cancelled 9 Balance at June 30, 2017 538 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | Options Outstanding Options Vested Range of Exercise Prices per share Number of Shares (in thousands) Weighted- Average Remaining Contractual Life (in years) Number of Shares (in thousands) Weighted- Average Exercise Price per Share $1.35 — $1.35 103 8.96 29 $ 1.35 $1.64 — $1.64 2,000 8.65 660 $ 1.64 $1.75 — $2.00 575 9.12 108 $ 1.78 $2.59 — $3.99 460 8.81 166 $ 3.48 $4.32 — $4.32 634 8.08 304 $ 4.32 $5.18 — $6.61 741 7.11 531 $ 6.28 $6.83 — $6.83 50 6.64 50 $ 6.83 $7.20 — $7.20 5 1.66 5 $ 7.20 $11.40 — $11.40 5 1.15 5 $ 11.40 $18.90 — $18.90 1 0.04 1 $ 18.90 $1.35 — $18.90 4,574 8.37 1,859 $ 3.75 |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | Three Months Ended June 30, 201 7 June 30, 201 6 Cost of revenues $ 28 $ 59 Research and development 63 53 Sales and marketing 92 163 General and administrative 403 253 Impact on net loss $ 586 $ 528 |
Note 7 - Computation of Basic24
Note 7 - Computation of Basic and Diluted Net Loss Per Share (Tables) | 3 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Three Months Ended June 30, 201 7 June 30, 201 6 (in thousands) Options 1,854 2,779 Unvested restricted stock units 69 198 Warrants 2,262 2,262 Total common stock equivalents excluded from diluted net loss per common share 4,185 5,239 |
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes (Tables) | 3 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Three Months Ended June 30, 2017 Domestic pre-tax loss $ (1,803 ) Foreign pre-tax loss (324 ) Total pre-tax loss $ (2,127 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Three Months Ended June 30, 2017 US $ (22 ) Foreign 5 Total provision for income taxes $ (17 ) |
Note 2 - Summary of Significa26
Note 2 - Summary of Significant Accounting Policies (Details Textual) - Customer Concentration Risk [Member] xbrli-pure in Thousands | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Sales Revenue, Net [Member] | ||
Number of Major Customers | 0 | 0 |
Accounts Receivable [Member] | ||
Number of Major Customers | 0 | 0 |
Note 2 - Summary of Significa27
Note 2 - Summary of Significant Accounting Policies - Percentage of Revenues By Geographic Area (Details) - Geographic Concentration Risk [Member] - Sales Revenue, Net [Member] | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Revenues as a percentage | 100.00% | 100.00% |
Geographic Distribution, Foreign [Member] | ||
Revenues as a percentage | 28.00% | 29.00% |
Geographic Distribution, Domestic [Member] | ||
Revenues as a percentage | 72.00% | 71.00% |
Note 3 - Goodwill and Other I28
Note 3 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Millions | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Amortization of Intangible Assets | $ 0.6 | $ 0.6 |
Developed Technology Rights [Member] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years 328 days | |
Customer Relationships [Member] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years 87 days |
Note 3 - Goodwill and Other I29
Note 3 - Goodwill and Other Intangible Assets - Summary of Goodwill (Details) $ in Thousands | 3 Months Ended |
Jun. 30, 2017USD ($) | |
Balance | $ 14,448 |
Foreign currency translation adjustment | 456 |
Balance | $ 14,904 |
Note 3 - Goodwill and Other I30
Note 3 - Goodwill and Other Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Mar. 31, 2017 | |
Foreign Currency Translation Adjustment | $ (111) | $ (85) |
Net Carrying Value | 5,441 | 5,860 |
Gross Carrying Amount | 10,891 | 10,891 |
Accumulated Amortization | (5,561) | (4,946) |
Foreign Currency Translation Adjustment | 111 | 85 |
Developed Technology Rights [Member] | ||
Foreign Currency Translation Adjustment | (66) | (50) |
Net Carrying Value | 2,456 | 2,637 |
Gross Carrying Amount | 5,034 | 5,034 |
Accumulated Amortization | (2,644) | (2,347) |
Foreign Currency Translation Adjustment | 66 | 50 |
Customer Relationships [Member] | ||
Foreign Currency Translation Adjustment | (45) | (35) |
Net Carrying Value | 2,985 | 3,223 |
Gross Carrying Amount | 5,857 | 5,857 |
Accumulated Amortization | (2,917) | (2,599) |
Foreign Currency Translation Adjustment | $ 45 | $ 35 |
Note 4 - Property and Equipme31
Note 4 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Depreciation | $ 20 | $ 30 |
Note 4 - Property and Equipme32
Note 4 - Property and Equipment, Net - Summary of Property and Equipment (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Mar. 31, 2017 |
Property and equipment, gross | $ 646 | $ 735 |
Less: accumulated depreciation | (562) | (650) |
Total property and equipment, net | 84 | 85 |
Computer Equipment [Member] | ||
Property and equipment, gross | 351 | 360 |
Furniture and Equipment [Member] | ||
Property and equipment, gross | 251 | 316 |
Leasehold Improvements [Member] | ||
Property and equipment, gross | $ 44 | $ 59 |
Note 5 - Capitalized Software33
Note 5 - Capitalized Software Development Costs (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Mar. 31, 2017 | |
Capitalized Computer Software, Period Increase (Decrease) | $ 600 | $ 300 | |
Capitalized Computer Software, Amortization | 400 | 200 | |
Capitalized Computer Software, Net | 2,578 | $ 2,341 | |
Capitalized Computer Software, Impairments | $ 0 | $ 0 | |
Capitalized Software Development Costs [Member] | |||
Finite-Lived Intangible Asset, Useful Life | 3 years |
Note 6 - Stockholders' Equity34
Note 6 - Stockholders' Equity (Details Textual) - USD ($) | Jun. 26, 2017 | Jun. 30, 2017 | Jun. 30, 2016 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | 7 years 354 days | ||
Proceeds from Issuance of Common Stock | $ 4,939,000 | ||
Allocated Share-based Compensation Expense | $ 586,000 | 528,000 | |
Share Price | $ 2.63 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 2,600,000 | 0 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 2,900,000 | ||
June 2017 Direct Offering [Member] | |||
Proceeds from Issuance of Common Stock | $ 4,900,000 | ||
Stock Issued During Period, Shares, New Issues | 2,184,000 | ||
Share Price | $ 2.50 | ||
June 2017 Direct Offering [Member] | Placement Agency Fees [Member] | |||
Payments of Stock Issuance Costs | $ 300,000 | ||
June 2017 Direct Offering [Member] | Other Offering Expenses [Member] | |||
Payments of Stock Issuance Costs | $ 200,000 | ||
Employee Stock Purchase Plan [Member] | |||
Allocated Share-based Compensation Expense | $ 16,000 | $ 29,000 | |
Stock Issued During Period, Shares, New Issues | 0 | 0 | |
Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Offering Date | 85.00% | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $ 400,000 | $ 300,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 400,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 357 days | ||
Employee Stock Option [Member] | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 182 days |
Note 6 - Stockholders' Equity -
Note 6 - Stockholders' Equity - Valuation Assumptions of Stock Options (Details) - Employee Stock Option [Member] | 3 Months Ended |
Jun. 30, 2017$ / shares | |
Risk-free interest rate | 1.91% |
Dividend yield | 0.00% |
Expected volatility | 54.00% |
Expected term in years (Year) | 6 years 29 days |
Weighted average fair value at grant date (in dollars per share) | $ 1.81 |
Note 6 - Stockholders' Equity36
Note 6 - Stockholders' Equity - Activity Under the Equity Incentive Plans (Details) - $ / shares shares in Thousands | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2017 | |
Outstanding, beginning balance (in shares) | 4,530 | |
Outstanding, beginning balance (in dollars per share) | $ 3.02 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 65 | |
Granted (in dollars per share) | $ 3.44 | |
Exercised/Released (in shares) | ||
Exercised/Released (in dollars per share) | ||
Cancelled (in shares) | (21) | |
Cancelled (in dollars per share) | $ 3.95 | |
Vested and expected to vest (in shares) | 4,303 | |
Outstanding, ending balance (in shares) | 4,574 | |
Outstanding, ending balance (in dollars per share) | $ 3.02 | |
Vested and expected to vest (in dollars per share) | $ 3.07 | |
Restricted Stock Units (RSUs) [Member] | ||
Outstanding, beginning balance (in shares) | 181 | |
Outstanding, beginning balance (in dollars per share) | $ 3.94 | |
Granted (in shares) | ||
Granted (in dollars per share) | ||
Exercised/Released (in shares) | (35) | |
Exercised/Released (in dollars per share) | $ 3.99 | |
Cancelled (in shares) | ||
Outstanding, ending balance (in shares) | 181 | 146 |
Outstanding, ending balance (in dollars per share) | $ 3.93 | |
Cancelled (in dollars per share) |
Note 6 - Stockholders' Equity37
Note 6 - Stockholders' Equity - Summary of Shares Available for Grant (Details) shares in Thousands | 3 Months Ended |
Jun. 30, 2017shares | |
Beginning balance (in shares) | 594 |
Granted from approved plans (in shares) | (65) |
Cancelled (in shares) | 9 |
Ending balance (in shares) | 538 |
Note 6 - Stockholders' Equity38
Note 6 - Stockholders' Equity - Options Outstanding and Exercisable, By Exercise Range (Details) shares in Thousands | 3 Months Ended |
Jun. 30, 2017$ / sharesshares | |
Options vested, number of shares (in shares) | shares | 1,859 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 3.75 |
Lower range of exercise price (in dollars per share) | 1.35 |
Upper range of exercise price (in dollars per share) | $ 18.90 |
Options outstanding, number of shares (in shares) | shares | 4,574 |
Options outstanding, weighted-average remaining contractual life (Year) | 8 years 135 days |
Range 1 [Member] | |
Options vested, number of shares (in shares) | shares | 29 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 1.35 |
Lower range of exercise price (in dollars per share) | 1.35 |
Upper range of exercise price (in dollars per share) | $ 1.35 |
Options outstanding, number of shares (in shares) | shares | 103 |
Options outstanding, weighted-average remaining contractual life (Year) | 8 years 350 days |
Range 2 [Member] | |
Options vested, number of shares (in shares) | shares | 660 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 1.64 |
Lower range of exercise price (in dollars per share) | 1.64 |
Upper range of exercise price (in dollars per share) | $ 1.64 |
Options outstanding, number of shares (in shares) | shares | 2,000 |
Options outstanding, weighted-average remaining contractual life (Year) | 8 years 237 days |
Range 3 [Member] | |
Options vested, number of shares (in shares) | shares | 108 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 1.78 |
Lower range of exercise price (in dollars per share) | 1.75 |
Upper range of exercise price (in dollars per share) | $ 2 |
Options outstanding, number of shares (in shares) | shares | 575 |
Options outstanding, weighted-average remaining contractual life (Year) | 9 years 43 days |
Range 4 [Member] | |
Options vested, number of shares (in shares) | shares | 166 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 3.48 |
Lower range of exercise price (in dollars per share) | 2.59 |
Upper range of exercise price (in dollars per share) | $ 3.99 |
Options outstanding, number of shares (in shares) | shares | 460 |
Options outstanding, weighted-average remaining contractual life (Year) | 8 years 295 days |
Range 5 [Member] | |
Options vested, number of shares (in shares) | shares | 304 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 4.32 |
Lower range of exercise price (in dollars per share) | 4.32 |
Upper range of exercise price (in dollars per share) | $ 4.32 |
Options outstanding, number of shares (in shares) | shares | 634 |
Options outstanding, weighted-average remaining contractual life (Year) | 8 years 29 days |
Range 6 [Member] | |
Options vested, number of shares (in shares) | shares | 531 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 6.28 |
Lower range of exercise price (in dollars per share) | 5.18 |
Upper range of exercise price (in dollars per share) | $ 6.61 |
Options outstanding, number of shares (in shares) | shares | 741 |
Options outstanding, weighted-average remaining contractual life (Year) | 7 years 40 days |
Range 7 [Member] | |
Options vested, number of shares (in shares) | shares | 50 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 6.83 |
Lower range of exercise price (in dollars per share) | 6.83 |
Upper range of exercise price (in dollars per share) | $ 6.83 |
Options outstanding, number of shares (in shares) | shares | 50 |
Options outstanding, weighted-average remaining contractual life (Year) | 6 years 233 days |
Range 8 [Member] | |
Options vested, number of shares (in shares) | shares | 5 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 7.20 |
Lower range of exercise price (in dollars per share) | 7.20 |
Upper range of exercise price (in dollars per share) | $ 7.20 |
Options outstanding, number of shares (in shares) | shares | 5 |
Options outstanding, weighted-average remaining contractual life (Year) | 1 year 240 days |
Range 9 [Member] | |
Options vested, number of shares (in shares) | shares | 5 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 11.40 |
Lower range of exercise price (in dollars per share) | 11.40 |
Upper range of exercise price (in dollars per share) | $ 11.40 |
Options outstanding, number of shares (in shares) | shares | 5 |
Options outstanding, weighted-average remaining contractual life (Year) | 1 year 54 days |
Range 10 [Member] | |
Options vested, number of shares (in shares) | shares | 1 |
Options vested, weighted-average exercise price per share (in dollars per share) | $ 18.90 |
Lower range of exercise price (in dollars per share) | 18.90 |
Upper range of exercise price (in dollars per share) | $ 18.90 |
Options outstanding, number of shares (in shares) | shares | 1 |
Options outstanding, weighted-average remaining contractual life (Year) | 14 days |
Note 6 - Stockholders' Equity39
Note 6 - Stockholders' Equity - Effect of Recording Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Allocated share-based compensation expense | $ 586 | $ 528 |
Cost of Sales [Member] | ||
Allocated share-based compensation expense | 28 | 59 |
Research and Development Expense [Member] | ||
Allocated share-based compensation expense | 63 | 53 |
Sales and Marketing [Member] | ||
Allocated share-based compensation expense | 92 | 163 |
General and Administrative [Member] | ||
Allocated share-based compensation expense | $ 403 | $ 253 |
Note 7 - Computation of Basic40
Note 7 - Computation of Basic and Diluted Net Loss Per Share - Antidilutive Securities Excluded From the Computation of Earnings Per Share (Details) - shares shares in Thousands | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Antidilutive securities (in shares) | 4,185 | 5,239 |
Employee Stock Option [Member] | ||
Antidilutive securities (in shares) | 1,854 | 2,779 |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive securities (in shares) | 69 | 198 |
Warrant [Member] | ||
Antidilutive securities (in shares) | 2,262 | 2,262 |
Note 8 - Operating Lease Comm41
Note 8 - Operating Lease Commitments (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Operating Leases, Rent Expense | $ 100,000 | $ 200,000 |
Operating Leases, Income Statement, Sublease Revenue | $ 13,000 |
Note 9 - Litigation and Conti42
Note 9 - Litigation and Contingencies (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | |
Apr. 30, 2016 | Jun. 30, 2017 | Mar. 31, 2017 | |
Standard and Extended Product Warranty Accrual | $ 0 | $ 0 | |
Standard and Extended Product Warranty Accrual, Decrease for Payments | 0 | ||
Indemnification Agreement [Member] | |||
Loss Contingency Accrual | $ 0 | $ 0 | |
Intellectual Property Litigation [Member] | |||
Proceeds from Legal Settlements | $ 600 |
Note 10 - Credit Facility and43
Note 10 - Credit Facility and Convertible Notes (Details Textual) $ / shares in Units, $ in Millions | Jun. 21, 2017USD ($)$ / sharesshares | Jun. 01, 2017shares | Jun. 30, 2017USD ($) | Mar. 31, 2017USD ($) |
Long-term Line of Credit | $ | $ 11.9 | $ 11.9 | ||
Line of Credit Facility, Remaining Borrowing Capacity | $ | $ 1.1 | $ 1.1 | ||
Line of Credit Facility Current Ratio Covenant | 2 | |||
March 2015 Investors [Member] | ||||
Stock Issued During Period, Additional Shares | shares | 218,540 | |||
Conversion of Junior Secured Convertible Promissory Notes Into Common Stock [Member] | ||||
Debt Conversion, Converted Instrument, Shares Issued | shares | 170,733 | |||
Junior Secured Convertible Promissory Note [Member] | ||||
Debt Instrument, Face Amount | $ | $ 1 | |||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 5.70 | |||
Convertible Notes Payable | $ | $ 2.3 | |||
Largest Stockholder and MILFAM II L.P. (Affiliate) [Member] | Credit Facility Guarantee [Member] | ||||
Stock Issued During Period, Shares, Initial Extension | shares | 50,000 | |||
Stock Issued During Period, Additional Shares, Subsequent Extension | shares | 62,500 | |||
Western Alliance Bank [Member] | Line of Credit [Member] | ||||
Debt Instrument, Interest Rate, Maximum Interest Rate Before Basis Spread | 4.00% | |||
Debt Instrument, Basis Spread on Variable Rate | 0.25% |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $ 0 | |
Unrecognized Tax Benefits | 1,400,000 | |
Unrecognized Tax Benefits, Period Increase (Decrease) | 0 | |
Income Tax Expense (Benefit) | $ (17,000) | $ (70,000) |
Earliest Tax Year [Member] | ||
Open Tax Year | 1,998 | |
Latest Tax Year [Member] | ||
Open Tax Year | 2,016 | |
Domestic Tax Authority [Member] | ||
Income Tax Expense (Benefit) | $ (28,000) |
Note 11 - Income Taxes - Income
Note 11 - Income Taxes - Income (Loss) Before Income Taxes (Details) $ in Thousands | 3 Months Ended |
Jun. 30, 2017USD ($) | |
Domestic pre-tax loss | $ (1,803) |
Foreign pre-tax loss | (324) |
Total pre-tax loss | $ (2,127) |
Note 11 - Income Taxes - Compon
Note 11 - Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
US | $ (22) | |
Foreign | 5 | |
Total provision for income taxes | $ (17) | $ (70) |
Note 12 - Related Party Trans47
Note 12 - Related Party Transactions (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Rental Payments [Member] | SCI Donapierre [Member] | ||
Related Party Transaction, Amounts of Transaction | $ 90,000 | $ 21,000 |
Note 13 - Subsequent Events (De
Note 13 - Subsequent Events (Details Textual) - USD ($) | Aug. 14, 2017 | Aug. 10, 2017 | Jun. 30, 2017 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 65,000 | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | |||
Subsequent Event [Member] | Board of Directors Chairman [Member] | |||
Officer's Annual Salary | $ 15,000 | ||
Subsequent Event [Member] | Board of Directors Chairman [Member] | 2015 Equity Incentive Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 75,600 | ||
Subsequent Event [Member] | Board of Directors Chairman [Member] | 2015 Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 37,800 | ||
Subsequent Event [Member] | Chief Executive Officer [Member] | 2015 Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 22,059 | ||
Subsequent Event [Member] | Chief Financial Officer [Member] | 2015 Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 14,706 |