Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Mar. 31, 2017 | Jun. 05, 2017 | Sep. 30, 2016 | |
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) | 12,102,729 | ||
Entity Public Float | $ 10,705,616 | ||
Document Type | 10-K | ||
Document Period End Date | Mar. 31, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2017 | Mar. 31, 2016 |
ASSETS | ||
Cash and cash equivalents | $ 9,429 | $ 9,418 |
Accounts receivable, net of allowance for doubtful accounts of $114 and $407 as of March 31, 2017 and March 31, 2016, respectively | 7,042 | 7,031 |
Restricted cash | 34 | 34 |
Prepaid expenses and other current assets | 1,553 | 1,551 |
Total current assets | 18,058 | 18,034 |
Property and equipment, net | 85 | 136 |
Capitalized software development costs, net | 2,341 | 1,699 |
Goodwill | 14,448 | 14,490 |
Other intangibles, net | 5,860 | 8,011 |
Other assets | 1,599 | 1,843 |
Total assets | 42,391 | 44,213 |
LIABILITIES AND EQUITY | ||
Credit facility | 11,861 | 9,000 |
Accounts payable | 2,478 | 1,973 |
Accrued payroll and related liabilities | 1,729 | 1,655 |
Other accrued liabilities | 2,042 | 2,396 |
Deferred revenue | 10,070 | 10,299 |
Income tax payable | 23 | 14 |
COFACE loan | 174 | 407 |
Accrued restructuring | 403 | |
Total current liabilities | 28,377 | 26,147 |
Long-term deferred revenue | 10 | 67 |
Convertible note, net of debt discount | 7,599 | 5,420 |
Other long-term liabilities | 1,306 | 1,382 |
Deferred tax liability, non-current | 290 | |
Total liabilities | 37,292 | 33,306 |
Commitments and contingencies (Notes 10 and 11): | ||
Common stock, $0.0001 par value: Authorized: 35,000 shares at March 31, 2017 and 2016; Issued: 12,223 and 11,483 shares at March 31, 2017 and 2016, respectively; Outstanding: 12,078 and 11,387 shares at March 31, 2017 and 2016, respectively | 5 | 5 |
Additional paid-in capital | 317,367 | 313,674 |
Treasury stock at cost – 145 and 96 shares at March 31, 2017 and 2016, respectively | (472) | (472) |
Accumulated deficit | (311,749) | (302,297) |
Accumulated other comprehensive loss | (52) | (116) |
Total Determine, Inc. stockholders' equity | 5,099 | 10,794 |
Non-controlling interest | 113 | |
Total equity | 5,099 | 10,907 |
Total liabilities and equity | $ 42,391 | $ 44,213 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ in Thousands | Mar. 31, 2017 | Mar. 31, 2016 |
Accounts receivable, allowance for doubtful accounts | $ 114 | $ 407 |
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) | 12,223 | 11,483 |
Common stock, shares outstanding (in shares) | 12,078 | 11,387 |
Treasury stock, shares (in shares) | 145 | 96 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenues: | ||
Revenues | $ 27,463 | $ 26,760 |
Cost of revenues: | ||
Cost of revenues | 13,625 | 12,969 |
Gross profit: | ||
Gross profit | 13,838 | 13,791 |
Operating expenses: | ||
Research and development | 3,771 | 3,612 |
Sales and marketing | 10,352 | 13,222 |
General and administrative | 7,495 | 8,099 |
Acquisition related costs | 912 | |
Impairment of software development costs | 0 | 1,368 |
Restructuring costs | 451 | |
Total operating expenses | 21,618 | 27,664 |
Loss from operations | (7,780) | (13,873) |
Other expense, net | (1,865) | (700) |
Net loss before income taxes | (9,645) | (14,573) |
Benefit from income taxes | 229 | 545 |
Consolidated net loss | (9,416) | (14,028) |
Net loss (income) attributed to non-controlling interest | (36) | 7 |
Net loss attributable to Determine, Inc. | (9,452) | (14,021) |
Redeemable preferred stock accretion | 1,120 | |
Net loss attributable to common stockholders | $ (9,452) | $ (15,141) |
Basic and diluted net loss per share (Note 15) (in dollars per share) | $ (0.81) | $ (1.34) |
Weighted-average shares of common stock used in computing basic and diluted net loss per share attributable to common stockholders (in shares) | 11,644 | 10,482 |
Statements of Comprehensive Loss: | ||
Net loss | $ (9,416) | $ (14,028) |
Foreign currency translation adjustments, net | (64) | (116) |
Comprehensive loss | (9,480) | (14,144) |
Less: Net loss (income) attributable to non-controlling interest | (36) | 7 |
Comprehensive loss attributable to Determine, Inc. | (9,516) | (14,137) |
Fair Value, Measurements, Recurring [Member] | ||
Revenues: | ||
Revenues | 20,895 | 20,843 |
Cost of revenues: | ||
Cost of revenues | 7,017 | 6,846 |
Gross profit: | ||
Gross profit | 13,878 | 13,997 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Revenues: | ||
Revenues | 6,568 | 5,917 |
Cost of revenues: | ||
Cost of revenues | 6,608 | 6,123 |
Gross profit: | ||
Gross profit | $ (40) | $ (206) |
Consolidated Statements of Rede
Consolidated Statements of Redeemable Convertible Preferred Stock and Equity - USD ($) $ in Thousands | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance (in shares) at Apr. 09, 2015 | 118,829 | 8,018,568 | (95,653) | ||||||
Balance at Apr. 09, 2015 | $ 4,895 | $ 5 | $ 297,866 | $ (472) | $ (288,276) | $ 9,123 | $ 9,123 | ||
Issuance of redeemable convertible Series F preferred stock, and warrants through a private placement (in shares) | 6,596 | ||||||||
Issuance of redeemable convertible Series F preferred stock, and warrants through a private placement | $ 250 | ||||||||
Value of beneficial conversion feature in Series F preferred stock | (370) | 371 | 371 | 371 | |||||
Accretion of preferred Series F stock to redemption value | 1,120 | (1,120) | (1,120) | (1,120) | |||||
Warrants to purchase common stock issued in connection with Series F private placement | 60 | 60 | 60 | ||||||
Conversion of Series F redeemable preferred stock to common stock, net of issuance costs of $18 (in shares) | (125,425) | 1,254,246 | |||||||
Conversion of Series F redeemable preferred stock to common stock, net of issuance costs of $18 | $ (5,895) | 5,877 | 5,877 | 5,877 | |||||
Issuance of stock in connection with business combination (in shares) | 1,841,244 | ||||||||
Issuance of stock in connection with business combination | 7,954 | 7,954 | 120 | 8,075 | |||||
Stock issued in connection with interest on convertible note (in shares) | 69,731 | ||||||||
Stock issued in connection with interest on convertible note | 365 | 365 | 365 | ||||||
Issuance of stock under employee stock purchase plan (in shares) | 64,178 | ||||||||
Issuance of stock under employee stock purchase plan | 171 | 171 | 171 | ||||||
Issuance of restricted stock, net of withholding employee taxes (in shares) | 138,898 | ||||||||
Issuance of restricted stock, net of withholding employee taxes | (259) | (259) | (259) | ||||||
Stock-based compensation expense | 2,389 | 2,389 | 2,389 | ||||||
Foreign currency translation adjustments, net | (116) | (116) | (116) | ||||||
Net loss | (14,021) | (14,021) | (7) | (14,028) | |||||
Balance (in shares) at Mar. 31, 2016 | 11,386,865 | (95,653) | |||||||
Balance at Mar. 31, 2016 | $ 5 | 313,674 | $ (472) | (302,297) | (116) | 10,794 | 113 | 10,907 | |
Stock issued in connection with interest on convertible note (in shares) | 60,116 | ||||||||
Stock issued in connection with interest on convertible note | 277 | 277 | $ 277 | ||||||
Issuance of stock under employee stock purchase plan (in shares) | 83,540 | 83,540 | |||||||
Issuance of stock under employee stock purchase plan | 140 | 140 | $ 140 | ||||||
Exercise of stock options (in shares) | 1,041 | 1,000 | |||||||
Exercise of stock options | 3 | 3 | $ 3 | ||||||
Stock issued in connection with legal settlement | 35 | 35 | 35 | ||||||
Issuance of restricted stock, net of withholding employee taxes (in shares) | 269,497 | (49,555) | |||||||
Issuance of restricted stock, net of withholding employee taxes | (132) | (132) | (132) | ||||||
Stock-based compensation expense | 2,609 | 2,609 | 2,609 | ||||||
Stock issued in connection with interest on loan guaranty (in shares) | 277,248 | ||||||||
Stock issued in connection with interest on loan guaranty | 524 | 524 | 524 | ||||||
Debt extinguishment with related party | 166 | 166 | 166 | ||||||
Acquisition of non-controlling interest stock | 71 | 71 | (149) | (78) | |||||
Foreign currency translation adjustments, net | 64 | 64 | (64) | ||||||
Net loss | (9,452) | (9,452) | 36 | (9,416) | |||||
Balance (in shares) at Mar. 31, 2017 | 12,078,307 | (145,208) | |||||||
Balance at Mar. 31, 2017 | $ 5 | $ 317,367 | $ (472) | $ (311,749) | $ (52) | $ 5,099 | $ 5,099 |
Consolidated Statements of Red6
Consolidated Statements of Redeemable Convertible Preferred Stock and Equity (Parentheticals) $ in Thousands | 12 Months Ended |
Mar. 31, 2016USD ($) | |
Additional Paid-in Capital [Member] | |
Conversion of preferred stock, issuance costs | $ 18 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Operating activities | ||
Net loss | $ (9,416) | $ (14,028) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 3,405 | 2,680 |
Gain on disposition of property and equipment | (13) | |
Deferred tax liability | (290) | (46) |
Accrued restructuring costs | (403) | 403 |
Interest expense paid in kind as convertible note debt | 225 | |
Impairment of software development costs | 0 | 1,368 |
Stock-based compensation expense | 2,609 | 2,389 |
Changes in assets and liabilities, net of business combination: | ||
Accounts receivable, net | (11) | (154) |
Prepaid expenses and other current assets | 1 | 200 |
Other assets | 287 | (1,061) |
Accounts payable | 505 | 199 |
Accrued payroll and related liabilities | 74 | (202) |
Other accrued liabilities and long-term liabilities | (56) | 1,349 |
Deferred revenue | (286) | 1,066 |
Net cash used in operating activities | (3,356) | (5,850) |
Investing activities | ||
Purchase of property and equipment | (57) | (6) |
Capitalized software development costs, net | (1,829) | (1,383) |
Minority shareholder payment | (133) | |
Purchase of business acquired, net of cash | (826) | |
Net cash used in investing activities | (1,886) | (2,348) |
Financing activities | ||
Proceeds from sale of preferred stock with warrants, net of issuance costs | 260 | |
Issuance of restricted stock, net of withholding employee taxes | (132) | (259) |
Issuance of stock under employee stock purchase plan | 140 | 171 |
Credit facility borrowing | 4,000 | |
Credit facility payment | (1,139) | (347) |
Repayment of loan | (233) | (47) |
Fees paid in connection with conversion of preferred stock to common stock | (17) | |
Issuance of convertible note, net of debt issuance costs | 2,429 | 4,786 |
Net cash provided by financing activities | 5,065 | 4,547 |
Effect of exchange rate changes on cash | 188 | (109) |
Net increase (decrease) in cash and cash equivalents | 11 | (3,760) |
Cash and cash equivalents at beginning of the period | 9,418 | 13,178 |
Cash and cash equivalents at end of the period | 9,429 | 9,418 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 216 | 105 |
Cash paid for taxes | 41 | 27 |
Beneficial conversion feature for convertible redeemable preferred stock | 370 | |
Accretion of preferred series stock to redemption value | 1,120 | |
Conversion of Series F stock into common stock | 5,877 | |
Assumption of debt in connection with business combination | 587 | |
Gain from convertible note extinguishment | 166 | |
Issuance of Shares in Business Combination [Member] | ||
Supplemental disclosure of cash flow information: | ||
Stock issued | 7,954 | |
Stock Issued in Connection with Interest on Convertible Note [Member] | ||
Supplemental disclosure of cash flow information: | ||
Stock issued | 524 | 365 |
Stock Issued in Connection with Interest on Loan Guaranty [Member] | ||
Supplemental disclosure of cash flow information: | ||
Stock issued | 277 | |
Issuance of Common Stock for a Legal Settlement [Member] | ||
Supplemental disclosure of cash flow information: | ||
Stock issued | $ 35 |
Note 1 - Summary of Business
Note 1 - Summary of Business | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | 1. Determine, Inc. (the “Company” or “Determine”) is a leading global provider of software-as-a-subscription (“SaaS”) source-to-pay and enterprise contract lifecycle management (“ECLM”) solutions. The Determine Cloud Platform provides procurement, sourcing, finance and legal professionals with the flexibility, agility and scalability they need to optimize spend, supplier, contract and financial performance goals. Determine empowers users across the full source-to-pay continuum, including sourcing, supplier management, contract management and procure-to-pay applications, to deliver efficiency and data insight for their operational business processes, third 250 not On October 15, 2015, October 19, 2015. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. Basis of Presentation The accompanying 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. It also includes non-controlling interest, which is the portion of equity in a subsidiary not not not Liquidity The Company has incurred significant historical losses and negative cash flows from operations and has an accumulated deficit of $311.7 March 31, 2017. no twelve may may not Use of Estimates The preparation of 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 Concentrations of Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash, cash equivalents and accounts receivable. The Company’s cash balances may, not not not Fair Value of Financial Instruments The Company’s financial instruments include cash and money market funds, trade receivables and accounts payable. Cash and cash equivalents are reported at fair value. The recorded carrying amount of trade receivables and accounts payable approximates their fair value due to their short-term nature. Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three Restricted Cash The Company’s restricted cash consists of certificates of deposits for credit cards utilized by employees out of the UK office. Accounts Receivable, Net of Allowance for Doubtful Accounts The Company evaluates the collectability of its accounts receivable based on a combination of factors. When the Company believes a collectability issue exists with respect to a specific receivable, the Company records an allowance to reduce that receivable to the amount that it believes to be collectible. In making the evaluations, the Company will consider the collection history with the customer, the customer’s credit rating, communications with the customer as to reasons for the delay in payment, disputes or claims filed by the customer, warranty claims, non-responsiveness of customers to collection calls and feedback from the responsible sales contact. In addition, the Company will also consider general economic conditions, the age of the receivable and the quality of the collection efforts. Property and Equipment, Net Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives for computer software and equipment is three five five Upon retirement or sale of assets, the cost and related accumulated depreciation and amortization are removed from the consolidated balance sheet and the resulting gain or loss is reflected in the consolidated statement of operations. Maintenance and repair costs are expensed as incurred. Business Combinations The Company accounts for acquisitions using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805 Business Combinations. not may Goodwill Goodwill represents the excess of the purchase consideration over the net tangible and identifiable intangible assets and liabilities acquired in a business combination and is allocated to reporting units expected to benefit from the business combination. The Company tests goodwill for impairment at least annually, or more frequently if events or changes in circumstances indicate that the assets may first not two not two first second no second no March 31, 2017 2016. Intangible Assets and Impairment of Long-Lived Assets Intangible assets consist of customer relationships, trade names and acquired technology. Intangible assets are recorded at fair value at the date of the acquisition and, for those assets having finite useful lives, are amortized using the straight-line method over their estimated useful lives, which generally range from two five may not no March 31, 2017. $1.4 March 31, 2016. Revenue Recognition The Company generates revenues by providing its software-as-a-service solutions through subscription license arrangements, 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. Recurring revenues consist of subscription license sales and services, maintenance revenues from previously sold perpetual licenses and hosting revenues. Recurring revenues are recognized ratably over the stated contractual period. Non-recurring revenues. Non-recurring revenues are comprised of revenues from professional services for system implementations, enhancements and training. For professional services arrangements billed on a time-and-materials basis, services are recognized as revenue as they are rendered. For fixed-fee professional service arrangements, the Company recognizes revenue under the proportional performance method of accounting and estimates the proportional performance utilizing hours incurred to date as a percentage of total estimated hours to complete the project. If the Company does 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 years ended March 31, 2017 2016, no 10% Advertising Expense The cost of advertising is expensed as incurred. Advertising expense for the years ended March 31, 2017 2016 $0.3 $0.6 Foreign Currency Non-monetary assets and liabilities are translated into U.S. dollar equivalents at the exchange rate in effect on the balance sheet date and revenues and expenses are translated into U.S. dollars using the average exchange rate over the applicable period. The Company’s United Kingdom and French subsidiaries’ functional currency is the local currency. Resulting currency translation adjustments are recorded in accumulated other comprehensive loss in the consolidated balance sheets. Accumulated Other Comprehensive Loss The accumulated other comprehensive loss balance consists of translation gains and losses related to our international subsidiaries with functional currencies other than the U.S. dollar, primarily the Euro. Capitalized Software Development Costs The Company capitalizes costs for internal use software incurred during the application development. Costs related to preliminary project activities and post implementation activities are expensed as incurred. Capitalized software will be 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 2016, $1.4 March 31, 2016. no March 31, 2017. Stock-Based Compensation The Company recognizes stock-based compensation expense for only those awards ultimately expected to vest on a straight-line basis over the requisite service period of the award, net of an estimated forfeiture rate. The Company estimates the fair value of stock options using a Black-Scholes-Merton valuation model, which requires the input of highly subjective assumptions, including the option’s expected term and stock price volatility. In addition, judgment is also required in estimating the number of stock-based awards that are expected to be forfeited. Forfeitures are estimated based on historical experience at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and the Company uses different assumptions, its stock-based compensation expense could be materially different in the future. Income Taxes The Company accounts for income taxes under the asset and liability method, which requires that deferred income taxes be provided for temporary differences between the financial reporting and tax basis of the Company’s assets and liabilities. In addition, deferred tax assets are recorded for the future benefit from the utilization of net operating losses and research and development credit carryforwards. A valuation allowance is provided against deferred tax assets unless it is more likely than not not” not not Geographic Information International revenues are attributable to countries based on the location of the customer. For the years ended March 31, 2017 2016, France, the United Kingdom, Ireland, Switzerland, Norway, Canada, Australia, Singapore, Germany, the Netherlands, Italy, Bermuda, United Arab Emirates, Denmark, China, Hong Kong and Bulgaria. For the Year Ended March 31, 2017 2016 International revenue 30 % 21 % Domestic revenue 70 % 79 % Total revenue 100 % 100 % Treasury Stock The Company’s equity incentive plans allow the settlement of share unit conversions through share withholding. Shares withheld are purchased back by the Company and reflected in treasury stock on the consolidated balance sheets. During the year ended March 31, 2017, 49,555 no March 31, 2016. Recent Accounting Pronouncements 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 2017 01 In November 2016, FASB issued ASU 2016 18, Statement of Cash Flows (Topic 230 April 1, 2018 not 2016 18 In October 2016, FASB issued ASU 2016 16, Accounting for Income Taxes (Topic 740 740 April 1, 2018 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, not 2016 15 In March 2016, 2016 09, Compensation -Stock Compensation (Topic 718 April 1, 2017 not 2016 09 In February 2016, 2016 02, Leases, 12 December 15, 2018, 2016 02 In September 2015, 2015 16 , Business Combinations (Topic 805 Simplifying the Accounting for Measurement-Period Adjustments. The new guidance simplifies the accounting for measurement period adjustments in connection with business combinations by requiring that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2015, no In April 2015, 2015 05, Intangibles−Goodwill and Other−Internal-use Software (Subtopic 350 40 not not December 15, 2015 not In April 2015, 2015 03, Interest—Imputation of Interest (Subtopic 835 30 December 15, 2015. 2015 03 April 1, 2016. August 2015, 2015 15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. 2015 15 2015 03 not In February 2015, 2015 02, Consolidation (Subtopic 810 December 15, 2015 not In August 2014, 2014 15, Presentation of Financial Statements — Going Concern (Subtopic 205 40 first December 15, 2016. The Company adopted the guidance during the year ended March 31, 2017. no In May 2014, 2014 09, Revenue from Contracts with Customers: Topic 606 and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016 2015 14, 2016 08, 2016 10 2016 12, 2014 09, ASU 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 |
Note 3 - Acquisition
Note 3 - Acquisition | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 3. Acquisition On July 31, 2015, $1.1 1,841,244 $0.0001, December 5, 2005, Pre-acquisition, b-pack SAS was headquartered in Paris, France, and had the following subsidiaries: b-pack Software. 99.94% b-pack, Inc. b-pack Services 82% 18% Pursuant to an Agreement and Plan of Merger, dated as of March 30, 2015, February 28, 2017, March 31, 2017, $0.2 11, Commitments and Contingencies not 810, Consolidations The acquisition of the remaining interest had the following impact on the Company’s equity: March 31, 2017 2016 (in thousands) Net loss attributable to Determine, Inc. $ (9,452 ) $ (14,021 ) Transfers from the non-controlling interest Increase for purchase of minority shares 71 - Net transfers from the non-controlling interest 71 - Change from net loss attributable to Determine, Inc. and transfers from the non-controlling interest $ (9,381 ) $ (14,021 ) The Company's operations are subject to significant risks and uncertainties, including competitive, financial, developmental, operational, technological, regulatory, and other risks associated with an emerging business. The Company recorded the assets acquired and liabilities assumed at their estimated fair value, with the difference between the fair value of the net assets acquired and the purchase consideration reflected as goodwill. The working capital has been finalized. The acquisition consideration is comprised of the following: (in thousands) Cash paid $ 1,056 Total stock value 7,954 Total purchase price $ 9,010 The following table reflects the fair values of assets acquired and liabilities assumed as of the acquisition date (in thousands): Cash and cash equivalents $ 654 Accounts receivable, net 1,674 Prepaid and other assets 105 Deferred income tax 260 Customer relationships 1,640 Developed technology 1,860 Goodwill (including assembled workforce) 6,934 Other assets 268 Accounts payable (289 ) Accrued payroll and related benefits (1,031 ) COFACE loan (428 ) Deferred revenue (868 ) Accrued expenses (210 ) VAT payable (265 ) Deferred tax liability - current (1,173 ) Non-controlling interest (121 ) Total net assets $ 9,010 The goodwill of $6.9 No Unaudited Pro Forma Financial Information The unaudited pro forma financial information in the table below summarizes the combined results of operations for the Company and b-pack, which was considered a “significant” acquisition (as defined in Regulation S- X April 1, 2015. April 1, 2015. The pro forma financial information, as presented below, is for informational purposes only and is not not two The historical financial information has been adjusted to give effect to the pro forma events that are: (i) directly attributable to the acquisition, (ii) factually supportable and (iii) expected to have a continuing impact on the combined results. The unaudited pro forma consolidated financial information reflects assuming the acquisition had occurred on April 1, 2015. Year Ended March 31, 2016 (in thousands, except per share data) Revenue $ 33,235 Loss from operations $ (19,061 ) Net loss $ (19,787 ) Basic and diluted net loss per share $ (1.89 ) |
Note 4 - Goodwill and Purchased
Note 4 - Goodwill and Purchased Intangible Assets | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | 4. The following is a summary of goodwill (in thousands): Balance at March 31, 2015 $ 7,702 Goodwill acquired 6,934 Deferred tax adjustment (146 ) Balance at March 31, 2016 14,490 Goodwill acquired - Foreign currency translation adjustment (42 ) Balance at March 31, 2017 $ 14,448 The following is a summary of purchased intangible assets (in thousands): 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 5,853 (2,599 ) (31 ) 3,223 $ 10,887 $ (4,946 ) $ (81 ) $ 5,860 March 31, 2016 Gross Accumulated Net Carrying Amortization Carrying Amount Value Acquired developed technology $ 5,034 $ (1,367 ) $ 3,667 Customer relationships 5,853 (1,509 ) 4,344 Trade name 120 (120 ) - $ 11,007 $ (2,996 ) $ 8,011 Acquired developed technology and customer relationships are being amortized on a straight-line basis and have weighted-average remaining useful lives of 3.72 3.43 March 31, 2017. $2.1 March 31, 2017 2016, As of March 31, 2017, five Year ended March 31: (in thousands) 2018 $ 2,150 2019 2,135 2020 1,373 2021 202 2022 - Total $ 5,860 |
Note 5 - Private Placement Fund
Note 5 - Private Placement Funding with Redeemable Convertible Preferred Stock and Warrants | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Convertible Preferred Stock [Text Block] | 5. Private Placement Funding with Redeemable Convertible Preferred Stock and Warrants On February 6, 2015, 118,829 $0.0001 $47.00 $4.70 one tenth $5.6 “2015 594,143 “February 2015 2015 $6.00 2015 five August 6, 2015. $0.8 2015 $5.6 1,188,291 May 5, 2015, In addition, on May 5, 2015, February 6, 2015, 65,955 $0.0001 $4.70 $0.3 “May 2015 32,975 The holders of Series F Stock had the right to vote together with the holders of the Company’s common stock as a single class on any matter on which the holders of common stock were entitled to vote, except that the holders of Series F Stock were not 2015 one $47.00 February 5, 2015. (a) Presentation of February May 2015 The Company has evaluated the February May 2015 February May 2015 no not (b) Presentation of Redeemable Convertible Preferred Stock On May 5, 2015, ten $4.70 1,188,291 $5.9 (c) Beneficial Conversion Feature (“BCF”) The Series F Stock was assessed under ASC 470, Debt $0.4 March 31, 2016. (d) Carrying Values The proceeds of the Series F stock and warrants were based on their estimated relative fair values. The proceeds of the 2015 February 2015 May 2015 (in thousands) Carrying value of Series F Stock as of March 31, 2015 $ 4,895 Gross proceeds allocated to Series F Stock sold on May 5, 2015 250 Related transaction costs allocated - Net value allocated to Series F Stock sold prior to BCF 250 Calculated BCF value (370 ) Accretion of Series F Stock through May 5, 2015 1,120 Carrying value of Series F Stock as of May 5, 2015 5,895 Conversion of Series F stock into common stock (5,895 ) Carrying value of Series F Stock as of March 31, 2016 $ - |
Note 6 - Property and Equipment
Note 6 - Property and Equipment, Net | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 6. Property and Equipment, net Property and equipment consist of the following: March 31, 2017 2016 (in thousands) Computers and software $ 360 $ 360 Furniture and equipment 316 282 Leasehold improvements 59 36 735 678 Less: accumulated depreciation (650 ) (542 ) Total property and equipment, net $ 85 $ 136 Depreciation expense related to property and equipment was approximately $0.1 $0.2 March 31, 2017 2016, |
Note 7 - Capitalized Software
Note 7 - Capitalized Software | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Research, Development, and Computer Software Disclosure [Text Block] | 7. The Company capitalizes costs for internal use 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 $1.8 $1.4 March 31, 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 $1.2 $0.6 March 31, 2017 2016, $2.3 $1.7 March 31, 2017 2016, Management continues to evaluate the capitalized software development costs across all product lines and did not March 31, 2017. $1.4 March 31, 2016. |
Note 8 - Balance Sheet Componen
Note 8 - Balance Sheet Components | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | 8. As of March 31, 2017 2016, March 31, 2017 2016 (in thousands) Accrued payroll and related liabilities: Accrued vacation $ 841 $ 715 Accrued bonus 47 103 Accrued wages 216 197 Accrued benefits 440 488 Accrued commissions 185 152 Total $ 1,729 $ 1,655 March 31, 2017 2016 (in thousands) Other accrued liabilities: Accrued accounts payable $ 167 $ 338 VAT on sales 366 344 Employee withhold tax for stock 190 84 Sales tax payable 933 819 Other accrued liabilities 386 811 Total $ 2,042 $ 2,396 March 31, 2017 2016 (in thousands) Deferred revenue: Subscription $ 7,003 $ 6,871 Maintenance 2,157 2,160 Consulting 854 1,165 Hosting 55 52 Training 11 118 Total $ 10,080 $ 10,366 |
Note 9 - Restructuring
Note 9 - Restructuring | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Restructuring and Related Activities Disclosure [Text Block] | 9. The following is a summary of restructuring accrual (in thousands): Balance at March 31, 2016 403 Payment of costs (403 ) Balance at March 31, 2017 $ - Restructuring expenses consist of employee severance costs and other contract termination costs to improve the Company’s cost structure prospectively. As part of the process of consolidating companies and moving forward with its unified platform strategy, the Company evaluated its operations for duplication of efforts and work not eleven March 31, 2016, three June 30, 2016. |
Note 10 - Operating Lease Commi
Note 10 - Operating Lease Commitments | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Leases of Lessee Disclosure [Text Block] | 10. 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. is being recognized on a straight-line basis over the lease term, was $0.6 $0.9 March 31, 2017 2016, In connection with the relocation of its headquarters to Carmel, Indiana, on July 22, 2016, 2121 July 31, 2016. one three . During the year ended March 31, 2017, August 2018. $0.02 March 31, 2017. Future minimum lease payments required under the Company’s lease agreements as of March 31, 2017 Year ending March 31, 2018 $ 418 2019 304 2020 164 2021 62 Total $ 948 Minimum payments have not $0.07 |
Note 11 - Litigation and Contin
Note 11 - Litigation and Contingencies | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | 11. 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 March 2015, July 2015, 3, Acquisition April 3, 2017, $0.1 March 31, 2017. In November 2015, April 2016, $0.6 March 31, 2017. 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 March 31, 2017 2016. not The Company generally agrees to indemnify its customers against legal claims that the Company’s software infringes certain third third not not not March 31, 2017 2016. |
Note 12 - COFACE Loan
Note 12 - COFACE Loan | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | 12. In December 2009, March 31, 2017 2016, $0.2 $0.4 |
Note 13 - Credit Facility and C
Note 13 - Credit Facility and Convertible Notes | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 13. and Convertible Notes Credit Facility On July 25, 2014, nine March 31, 2017, $5.0 $8.0 $13.0 April 20, 2018. , a penalty of 1.0% All amounts borrowed under the Credit Facility are secured by a general security interest on the assets of the Company and are subject to a 2.00 not 2:00 1:00 March 31, 2017, The Receivables Financing Facility may $5.0 80% may not . Except as otherwise set forth in the Credit Facility, borrowings made under the Receivables Financing Facility will bear interest at a rate equal to the prime rate or 3.25%, 0.25% . Borrowings made under the Working Capital Facility will bear interest at a rate equal to the financial institution’s certificate of deposit 30 200 $2,000. March 31, 2017 4.25% 2.15%, As of March 31, 2017 March 31, 2016, $11.9 $9.0 $2.1 $3.0 Loan Guarantie s In order to satisfy certain conditions of amendments to the Credit Facility with Western Alliance Bank for additional funds, the Company’s largest shareholder or affiliates of such has entered into certain limited, non-revocable guaranties. In March 2015, one $2 “2015 2015 $0.1 1.0% 2015 first 12 1.5% 2015 second 12 In February 2016, entered into a Limited Guaranty with Western Alliance Bank to provide a limited, non-revocable guaranty of the Company’s Credit Facility in an amount of $3 “2016 2016 $0.1 0.5% 2016 first 12 0.75% 2016 second 12 2016 1.0% first 12 1.5% second 12 In April 2016, 2015 2016 $0.1 In December 2016, 2015 2016 0.83% 277,248 2015 2016 $1.89 $524,000 not In January 2017, 2016 $3 $4 2016 2016 $1 may not $50,000 2016 10% 12. As of March 31, 2017 2016, $2 2015 As of March 31, 2017, $4 2016 not 2016 March 31, 2016. As of March 31, 2017 2016, $1.3 $1.4 All commitment fees and aggregated monthly fees associated with the loan guaranties discussed above are payable in cash by the Company within five Convertible Notes In March 2015, two “March 2015 “March 2015 $3 March 2015 March 2015 may $5.70. March 2015 March 11, 2020. March 2015 10% March 2015 March 2015 12% not $0.1 March 2015 March 2015 March 2015 In December 2015, three “December 2015 “December 2015 $2.5 December 2015 December 2015 $3.75. December 27, 2016, $3.00. December 2015 December 16, 2020. December 2015 10% December 2015 December 2015 12% not $166,000, December 2015 March 31, 2017. On December 27, 2016, “December 2016 March 2015 December 2015 “2016 March 2015 December 2015 $2 December 2016 December 2016 may $3.00. 2016 December 27, 2021 10% December 31, 2016. 2016 2016 12% not Subject to applicable NASDAQ listing rule limitations (including, if applicable, approval by the Company’s stockholders), the outstanding principal and interest under the Notes may $2.50 December 2015 2016 $0.50 may December 2015 December 2016 December 2015 2016 may not 19.99% The Notes are secured by a second Amended and Restated Security Agreement entered into by the Company and the Investors and existing noteholders on December 27, 2016 ( 13% The following table summarizes our outstanding debt obligations as of March 31, 2017 Payments Due by Period (in thousands) Contractual Obligations Total Less than 1 Year 1-3 Years 3-5 years More than 5 Years Loan guaranty fees due to Lloyd I. Miller III $ 1,305 $ - $ 1,305 $ - $ - Convertible note 1 11,661 - 8,043 3,618 France COFACE loan 174 174 - - - Credit facility 11,861 11,861 - - - Total $ 25,001 $ 12,035 $ 9,348 $ 3,618 $ - 1 not |
Note 14 - Equity
Note 14 - Equity | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 14. 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. 1996 The Company adopted the 1996 March 28, 2001 “1996 815,000 1996 1996 1996 1996 422 1986, not 1996 Incentive stock options are granted at an exercise price of not 100% not 85% 25% one 36 1996 ten 1999 The Company adopted the 1999 “1999 November 18, 1999. 1999 May 2010, no 1,551,000 March 10, 2015, 1999 1999 2015 On December 3, 2012, 1999 sixty 60% three fifty 50% forty 40% three 420,000 December 2015. $0.1 March 31, 2016. 1999 On November 18, 1999, 1999 February 1, 2008 November 7, 2012. 100,000 November 7, 2012 553,000 The Compensation Committee of the Board of Directors administers the Purchase Plan and it is intended to qualify under Section 423 may not 15% 85% five twenty 5% 5,000 10,000 $25,000 may six January 31 July 31 one November 1, 2012 January 1, 2013. may The Board of Directors may not twenty The compensation expense in connection with the ESPP for the fiscal years ended March 31, 2017 2016 $0.05 $0.06 March 31, 2017 2016, 83,540 64,178 2001 The Company adopted the 2001 May 30, 2001, 250,000 not not not 85% 25% one 36 ten 2015 The Company’s Board of Directors adopted the 2015 “2015 March 10, 2015. 2015 May 5, 2015. August 11, 2016, 1,500,000 4,000,000 2015 may The 2015 2015 2015 With limited restrictions, if shares awarded under the 2015 2015 422 1986 not no 300,000 first 500,000 not 100% 25% one 36 2015 ten As of March 31, 2017, Equity Incentive Plans: Restricted stock unit awards outstanding 181,319 Options outstanding 4,529,586 Reserved for future grants 593,603 Total common stock reserved for future issuance 5,304,508 The following tables summarize activity under the equity incentive plans: 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, 2016 2,761 $ 4.02 244 $ 5.43 Granted 1,943 $ 1.72 172 $ 2.18 Exercised/Released (1 ) $ 3.24 (228 ) $ 4.10 Cancelled (173 ) $ 4.96 (7 ) $ 6.22 Outstanding at March 31, 2017 4,530 $ 3.02 181 $ 3.99 Vested and expected to vest 4,138 $ 3.09 Exercisable 1,597 $ 3.92 Shares Available for Grant (in thousands) Balance at March 31, 2016 80 Options: Granted from approved plans (1,943 ) Shares added to the plans 2,519 Cancelled 110 Restricted Stock Units: Granted (172 ) Balance at March 31, 2017 594 The options outstanding and exercisable at March 31, 2017 Options Outstanding Options Exercisable 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 — $1.35 105 9.21 5 $ 1.35 $1.64 — $1.64 2,000 8.90 536 $ 1.64 $1.75 — $2.00 577 9.37 80 $ 1.77 $2.59 — $3.99 401 8.77 146 $ 3.47 $4.32 — $4.32 642 8.23 272 $ 4.32 $5.18 — $6.61 744 7.33 497 $ 6.27 $6.83 — $6.83 50 6.89 50 $ 6.83 $7.20 — $7.20 5 1.90 5 $ 7.20 $11.40 — $11.40 5 1.39 5 $ 11.40 $18.90 — $18.90 1 0.62 1 $ 18.90 $1.35 — $18.90 4,530 8.56 1,597 $ 3.92 The weighted average remaining contractual term for exercisable options is 8.07 March 31, 2017 March 31, 2017 $3.40. March 31, 2017 $1.1 March 31, 2017 2016 $4.7 $0.1 March 31, 2017 2016 $0.6 $0.5 The following table summarizes values for options granted during the respective years: For Years Ended March 31, 2017 2016 (in thousands, except per share data) Weighted average grant date fair value $ 1.91 $ 1.68 Intrinsic value of options exercised $ - $ - For the fiscal years ended March 31, 2017 2016, For Years Ended March 31, 2017 2016 Risk-free interest rate 1.40 % 1.63 % Dividend yield 0 % 0 % Expected volatility 56.30 % 52.23 % Expected term in years 6.08 6.07 Weighted average fair value at grant date $ 1.72 $ 1.68 For the fiscal years ended March 31, 2017 2016, For Years Ended March 31, 2017 2016 Risk-free interest rate 0.44 % 0.37 % Dividend yield 0.00 % 0.00 % Expected volatility 68.75 % 88.77 % Expected term in years 0.50 0.50 Weighted average fair value at grant date $ 0.69 $ 1.09 The effect of recording stock-based compensation expense (including expense related to the Employee Stock Purchase Plan (“ESPP”) discussed below) for each of the periods presented was as follows (in thousands): For Years Ended March 31, 2017 2016 Cost of revenues $ 308 $ 367 Research and development 246 250 Sales and marketing 655 919 General and administrative 1,400 853 Impact on net loss $ 2,609 $ 2,389 Upon the departure of our CEO in June 2015, March 31, 2017, $3.4 $0.6 2.68 1.17 All vested shares granted under all Plans are exercisable; however, shares exercised but not 1996 30,000 March 31, 2018. |
Note 15 - Computation of Basic
Note 15 - Computation of Basic and Diluted Net Loss Per Share | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 15. 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: March 31, 2017 2016 (in thousands) Options 3,825 1,730 Unvested restricted stock units 123 191 Warrants 2,262 2,262 Total common stock equivalents excluded from diluted net loss per common share 6,210 4,183 |
Note 16 - Income Taxes
Note 16 - Income Taxes | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 16. The benefit from income taxes is based upon loss before income taxes as follows (in thousands): March 31, 2017 2016 Domestic pre-tax loss $ (6,924 ) $ (13,339 ) Foreign pre-tax loss (2,720 ) (1,234 ) Total pre-tax loss $ (9,645 ) $ (14,573 ) March 31, 2017 2016 Federal tax at statutory rate $ (3,293 ) $ (4,870 ) Computed state tax (200 ) (312 ) Foreign rate differential 433 (17 ) Losses not benefited 2,642 4,274 Change in tax reserve (618 ) 214 Nondeductible expenses 916 364 Research and development tax credits (109 ) (198 ) Income tax benefit $ (229 ) $ (545 ) The components of the benefit from income taxes are as follows (in thousands): March 31, 2017 2016 Current: US $ - $ - State (5 ) 6 Foreign 66 8 61 14 Deferred: Federal - (112 ) State - (3 ) Foreign (291 ) (444 ) (291 ) (559 ) Total benefit from income taxes $ (229 ) $ (545 ) ASC 740 not. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands): March 31, 2017 2016 Deferred Tax Assets: Net operating loss carryforward $ 22,378 $ 19,430 Intangible assets 9,289 8,951 Tax credit carryforwards 2,824 2,706 Reserves and accruals 391 900 Stock compensation 676 692 Fixed assets 32 30 Deferred revenue 83 14 35,673 32,723 Deferred Tax Liability Intangible assets (549 ) (930 ) (549 ) (930 ) Gross Deferred Tax Assets 35,124 31,793 Valuation Allowance (35,124 ) (32,083 ) Net Deferred Tax Liabilities $ - $ (290 ) Realization of deferred tax assets is dependent upon future earnings, if any, the timing and amount of which are uncertain. Accordingly, the net deferred tax assets have been fully offset by a valuation allowance that increased by $3.0 $4.0 March 31, 2017 2016, As of March 31, 2017, $55.5 $47.9 March 31, 2017, $0.2 $3.9 March 31, 2020 2036, not March 31, 2018 not no The Internal Revenue Code Section 382 Based on its most recently performed study, the Company has concluded it had an ownership change on July 2, 2014 382 June 1999. 382 $172 $30 In addition, based on this recent study, the Company concluded that $3.6 none 382 383 The Company accounts for uncertainty in income taxes in accordance with ASC 740. two first not not March 31, 2017, no A reconciliation of the beginning and ending unrecognized tax benefit amounts for the year ended March 31, 2017 Balance at April 1, 2016 $ 1,348 Increases related to current year tax positions 36 Increase related to prior year tax positions 26 Balance at March 31, 2017 $ 1,410 The Company’s federal, state, and foreign tax returns are subject to examination by the tax authorities from inception due to net operating losses and tax carryforwards unutilized from such years. |
Note 17 - 401(k) Benefit Plan
Note 17 - 401(k) Benefit Plan | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 17. 401 The Company offers a tax-deferred savings plan under Section 401 401 401 may 401 2012, 401 first 1% March 31, 2017 2016, $0.2 $0.4 401 401 |
Note 18 - Segment Information
Note 18 - Segment Information | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 18. The Company operates as one not |
Note 19 - Related Party
Note 19 - Related Party | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 19. Determine SAS and b-pack Services rent their offices from SCI Donapierre, the company controlled by two March 31, 2017 2016, $0.1 The Company also maintains financing facilities and convertible note purchase agreements with related parties, as set forth in Note 13, Credit Facility and Convertible Notes |
Note 20 - Subsequent Events
Note 20 - Subsequent Events | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 20. 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 . |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | Schedule II: Valuation and Qualifying Accounts Accounts Receivable Allowance for Doubtful Accounts The following describes activity in the accounts receivable allowance for doubtful accounts for the years ended March 31, 2017 2016, Balance at Beginning of Period Increase (decrease) to Costs and Expenses Write Offs Reversal Benefit to Revenue Balance at End of Period Allowance for doubtful accounts (in $000’s) Fiscal year ended March 31, 2017 $ 407 $ 84 $ (335 ) $ (42 ) $ 114 Fiscal year ended March 31, 2016 $ 205 $ 504 $ (302 ) $ — $ 407 (c) Exhibits 10 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying 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. It also includes non-controlling interest, which is the portion of equity in a subsidiary not not not |
Liquidity Disclosure [Policy Text Block] | Liquidity The Company has incurred significant historical losses and negative cash flows from operations and has an accumulated deficit of $311.7 March 31, 2017. no twelve may may not |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of 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 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash, cash equivalents and accounts receivable. The Company’s cash balances may, not not not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company’s financial instruments include cash and money market funds, trade receivables and accounts payable. Cash and cash equivalents are reported at fair value. The recorded carrying amount of trade receivables and accounts payable approximates their fair value due to their short-term nature. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Restricted Cash The Company’s restricted cash consists of certificates of deposits for credit cards utilized by employees out of the UK office. |
Receivables, Policy [Policy Text Block] | Accounts Receivable, Net of Allowance for Doubtful Accounts The Company evaluates the collectability of its accounts receivable based on a combination of factors. When the Company believes a collectability issue exists with respect to a specific receivable, the Company records an allowance to reduce that receivable to the amount that it believes to be collectible. In making the evaluations, the Company will consider the collection history with the customer, the customer’s credit rating, communications with the customer as to reasons for the delay in payment, disputes or claims filed by the customer, warranty claims, non-responsiveness of customers to collection calls and feedback from the responsible sales contact. In addition, the Company will also consider general economic conditions, the age of the receivable and the quality of the collection efforts. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment, Net Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives for computer software and equipment is three five five Upon retirement or sale of assets, the cost and related accumulated depreciation and amortization are removed from the consolidated balance sheet and the resulting gain or loss is reflected in the consolidated statement of operations. Maintenance and repair costs are expensed as incurred. |
Business Combinations Policy [Policy Text Block] | Business Combinations The Company accounts for acquisitions using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805 Business Combinations. not may |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill Goodwill represents the excess of the purchase consideration over the net tangible and identifiable intangible assets and liabilities acquired in a business combination and is allocated to reporting units expected to benefit from the business combination. The Company tests goodwill for impairment at least annually, or more frequently if events or changes in circumstances indicate that the assets may first not two not two first second no second no March 31, 2017 2016. |
Intangible Assets And Impairment Of Long Lived Assets, Policy [Policy Text Block] | Intangible Assets and Impairment of Long-Lived Assets Intangible assets consist of customer relationships, trade names and acquired technology. Intangible assets are recorded at fair value at the date of the acquisition and, for those assets having finite useful lives, are amortized using the straight-line method over their estimated useful lives, which generally range from two five may not no March 31, 2017. $1.4 March 31, 2016. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company generates revenues by providing its software-as-a-service solutions through subscription license arrangements, 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. Recurring revenues consist of subscription license sales and services, maintenance revenues from previously sold perpetual licenses and hosting revenues. Recurring revenues are recognized ratably over the stated contractual period. Non-recurring revenues. Non-recurring revenues are comprised of revenues from professional services for system implementations, enhancements and training. For professional services arrangements billed on a time-and-materials basis, services are recognized as revenue as they are rendered. For fixed-fee professional service arrangements, the Company recognizes revenue under the proportional performance method of accounting and estimates the proportional performance utilizing hours incurred to date as a percentage of total estimated hours to complete the project. If the Company does 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 years ended March 31, 2017 2016, no 10% |
Advertising Costs, Policy [Policy Text Block] | Advertising Expense The cost of advertising is expensed as incurred. Advertising expense for the years ended March 31, 2017 2016 $0.3 $0.6 |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Non-monetary assets and liabilities are translated into U.S. dollar equivalents at the exchange rate in effect on the balance sheet date and revenues and expenses are translated into U.S. dollars using the average exchange rate over the applicable period. The Company’s United Kingdom and French subsidiaries’ functional currency is the local currency. Resulting currency translation adjustments are recorded in accumulated other comprehensive loss in the consolidated balance sheets. |
Comprehensive Income, Policy [Policy Text Block] | Accumulated Other Comprehensive Loss The accumulated other comprehensive loss balance consists of translation gains and losses related to our international subsidiaries with functional currencies other than the U.S. dollar, primarily the Euro. |
Research and Development Expense, Policy [Policy Text Block] | Capitalized Software Development Costs The Company capitalizes costs for internal use software incurred during the application development. Costs related to preliminary project activities and post implementation activities are expensed as incurred. Capitalized software will be 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 2016, $1.4 March 31, 2016. no March 31, 2017. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation The Company recognizes stock-based compensation expense for only those awards ultimately expected to vest on a straight-line basis over the requisite service period of the award, net of an estimated forfeiture rate. The Company estimates the fair value of stock options using a Black-Scholes-Merton valuation model, which requires the input of highly subjective assumptions, including the option’s expected term and stock price volatility. In addition, judgment is also required in estimating the number of stock-based awards that are expected to be forfeited. Forfeitures are estimated based on historical experience at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and the Company uses different assumptions, its stock-based compensation expense could be materially different in the future. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes under the asset and liability method, which requires that deferred income taxes be provided for temporary differences between the financial reporting and tax basis of the Company’s assets and liabilities. In addition, deferred tax assets are recorded for the future benefit from the utilization of net operating losses and research and development credit carryforwards. A valuation allowance is provided against deferred tax assets unless it is more likely than not not” not not |
Geographic Information, Policy [Policy Text Block] | Geographic Information International revenues are attributable to countries based on the location of the customer. For the years ended March 31, 2017 2016, France, the United Kingdom, Ireland, Switzerland, Norway, Canada, Australia, Singapore, Germany, the Netherlands, Italy, Bermuda, United Arab Emirates, Denmark, China, Hong Kong and Bulgaria. For the Year Ended March 31, 2017 2016 International revenue 30 % 21 % Domestic revenue 70 % 79 % Total revenue 100 % 100 % |
Stockholders' Equity, Policy [Policy Text Block] | Treasury Stock The Company’s equity incentive plans allow the settlement of share unit conversions through share withholding. Shares withheld are purchased back by the Company and reflected in treasury stock on the consolidated balance sheets. During the year ended March 31, 2017, 49,555 no March 31, 2016. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements 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 2017 01 In November 2016, FASB issued ASU 2016 18, Statement of Cash Flows (Topic 230 April 1, 2018 not 2016 18 In October 2016, FASB issued ASU 2016 16, Accounting for Income Taxes (Topic 740 740 April 1, 2018 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, not 2016 15 In March 2016, 2016 09, Compensation -Stock Compensation (Topic 718 April 1, 2017 not 2016 09 In February 2016, 2016 02, Leases, 12 December 15, 2018, 2016 02 In September 2015, 2015 16 , Business Combinations (Topic 805 Simplifying the Accounting for Measurement-Period Adjustments. The new guidance simplifies the accounting for measurement period adjustments in connection with business combinations by requiring that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2015, no In April 2015, 2015 05, Intangibles−Goodwill and Other−Internal-use Software (Subtopic 350 40 not not December 15, 2015 not In April 2015, 2015 03, Interest—Imputation of Interest (Subtopic 835 30 December 15, 2015. 2015 03 April 1, 2016. August 2015, 2015 15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. 2015 15 2015 03 not In February 2015, 2015 02, Consolidation (Subtopic 810 December 15, 2015 not In August 2014, 2014 15, Presentation of Financial Statements — Going Concern (Subtopic 205 40 first December 15, 2016. The Company adopted the guidance during the year ended March 31, 2017. no In May 2014, 2014 09, Revenue from Contracts with Customers: Topic 606 and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016 2015 14, 2016 08, 2016 10 2016 12, 2014 09, ASU 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 |
Note 2 - Summary of Significa30
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Revenue from External Customers by Geographic Areas [Table Text Block] | For the Year Ended March 31, 2017 2016 International revenue 30 % 21 % Domestic revenue 70 % 79 % Total revenue 100 % 100 % |
Note 3 - Acquisition (Tables)
Note 3 - Acquisition (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Impact on Equity In Related To Acquisition of Remaining Interest [Table Text Block] | March 31, 2017 2016 (in thousands) Net loss attributable to Determine, Inc. $ (9,452 ) $ (14,021 ) Transfers from the non-controlling interest Increase for purchase of minority shares 71 - Net transfers from the non-controlling interest 71 - Change from net loss attributable to Determine, Inc. and transfers from the non-controlling interest $ (9,381 ) $ (14,021 ) |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | (in thousands) Cash paid $ 1,056 Total stock value 7,954 Total purchase price $ 9,010 Cash and cash equivalents $ 654 Accounts receivable, net 1,674 Prepaid and other assets 105 Deferred income tax 260 Customer relationships 1,640 Developed technology 1,860 Goodwill (including assembled workforce) 6,934 Other assets 268 Accounts payable (289 ) Accrued payroll and related benefits (1,031 ) COFACE loan (428 ) Deferred revenue (868 ) Accrued expenses (210 ) VAT payable (265 ) Deferred tax liability - current (1,173 ) Non-controlling interest (121 ) Total net assets $ 9,010 |
Business Acquisition, Pro Forma Information [Table Text Block] | Year Ended March 31, 2016 (in thousands, except per share data) Revenue $ 33,235 Loss from operations $ (19,061 ) Net loss $ (19,787 ) Basic and diluted net loss per share $ (1.89 ) |
Note 4 - Goodwill and Purchas32
Note 4 - Goodwill and Purchased Intangible Assets (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Balance at March 31, 2015 $ 7,702 Goodwill acquired 6,934 Deferred tax adjustment (146 ) Balance at March 31, 2016 14,490 Goodwill acquired - Foreign currency translation adjustment (42 ) Balance at March 31, 2017 $ 14,448 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | 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 5,853 (2,599 ) (31 ) 3,223 $ 10,887 $ (4,946 ) $ (81 ) $ 5,860 March 31, 2016 Gross Accumulated Net Carrying Amortization Carrying Amount Value Acquired developed technology $ 5,034 $ (1,367 ) $ 3,667 Customer relationships 5,853 (1,509 ) 4,344 Trade name 120 (120 ) - $ 11,007 $ (2,996 ) $ 8,011 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Year ended March 31: (in thousands) 2018 $ 2,150 2019 2,135 2020 1,373 2021 202 2022 - Total $ 5,860 |
Note 5 - Private Placement Fu33
Note 5 - Private Placement Funding with Redeemable Convertible Preferred Stock and Warrants (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Stock by Class [Table Text Block] | (in thousands) Carrying value of Series F Stock as of March 31, 2015 $ 4,895 Gross proceeds allocated to Series F Stock sold on May 5, 2015 250 Related transaction costs allocated - Net value allocated to Series F Stock sold prior to BCF 250 Calculated BCF value (370 ) Accretion of Series F Stock through May 5, 2015 1,120 Carrying value of Series F Stock as of May 5, 2015 5,895 Conversion of Series F stock into common stock (5,895 ) Carrying value of Series F Stock as of March 31, 2016 $ - |
Note 6 - Property and Equipme34
Note 6 - Property and Equipment, Net (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | March 31, 2017 2016 (in thousands) Computers and software $ 360 $ 360 Furniture and equipment 316 282 Leasehold improvements 59 36 735 678 Less: accumulated depreciation (650 ) (542 ) Total property and equipment, net $ 85 $ 136 |
Note 8 - Balance Sheet Compon35
Note 8 - Balance Sheet Components (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | March 31, 2017 2016 (in thousands) Accrued payroll and related liabilities: Accrued vacation $ 841 $ 715 Accrued bonus 47 103 Accrued wages 216 197 Accrued benefits 440 488 Accrued commissions 185 152 Total $ 1,729 $ 1,655 March 31, 2017 2016 (in thousands) Other accrued liabilities: Accrued accounts payable $ 167 $ 338 VAT on sales 366 344 Employee withhold tax for stock 190 84 Sales tax payable 933 819 Other accrued liabilities 386 811 Total $ 2,042 $ 2,396 March 31, 2017 2016 (in thousands) Deferred revenue: Subscription $ 7,003 $ 6,871 Maintenance 2,157 2,160 Consulting 854 1,165 Hosting 55 52 Training 11 118 Total $ 10,080 $ 10,366 |
Note 9 - Restructuring (Tables)
Note 9 - Restructuring (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | Balance at March 31, 2016 403 Payment of costs (403 ) Balance at March 31, 2017 $ - |
Note 10 - Operating Lease Com37
Note 10 - Operating Lease Commitments (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year ending March 31, 2018 $ 418 2019 304 2020 164 2021 62 Total $ 948 |
Note 13 - Credit Facility and38
Note 13 - Credit Facility and Convertible Notes (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Maturities of Long-term Debt [Table Text Block] | Payments Due by Period (in thousands) Contractual Obligations Total Less than 1 Year 1-3 Years 3-5 years More than 5 Years Loan guaranty fees due to Lloyd I. Miller III $ 1,305 $ - $ 1,305 $ - $ - Convertible note 1 11,661 - 8,043 3,618 France COFACE loan 174 174 - - - Credit facility 11,861 11,861 - - - Total $ 25,001 $ 12,035 $ 9,348 $ 3,618 $ - |
Note 14 - Equity (Tables)
Note 14 - Equity (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Common Stock Outstanding Roll Forward [Table Text Block] | Equity Incentive Plans: Restricted stock unit awards outstanding 181,319 Options outstanding 4,529,586 Reserved for future grants 593,603 Total common stock reserved for future issuance 5,304,508 |
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, 2016 2,761 $ 4.02 244 $ 5.43 Granted 1,943 $ 1.72 172 $ 2.18 Exercised/Released (1 ) $ 3.24 (228 ) $ 4.10 Cancelled (173 ) $ 4.96 (7 ) $ 6.22 Outstanding at March 31, 2017 4,530 $ 3.02 181 $ 3.99 Vested and expected to vest 4,138 $ 3.09 Exercisable 1,597 $ 3.92 |
Schedule of Share-based Compensation, Shares Available for Grant [Table Text Block] | Shares Available for Grant (in thousands) Balance at March 31, 2016 80 Options: Granted from approved plans (1,943 ) Shares added to the plans 2,519 Cancelled 110 Restricted Stock Units: Granted (172 ) Balance at March 31, 2017 594 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable 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 — $1.35 105 9.21 5 $ 1.35 $1.64 — $1.64 2,000 8.90 536 $ 1.64 $1.75 — $2.00 577 9.37 80 $ 1.77 $2.59 — $3.99 401 8.77 146 $ 3.47 $4.32 — $4.32 642 8.23 272 $ 4.32 $5.18 — $6.61 744 7.33 497 $ 6.27 $6.83 — $6.83 50 6.89 50 $ 6.83 $7.20 — $7.20 5 1.90 5 $ 7.20 $11.40 — $11.40 5 1.39 5 $ 11.40 $18.90 — $18.90 1 0.62 1 $ 18.90 $1.35 — $18.90 4,530 8.56 1,597 $ 3.92 |
Share-based Compensation, Stock Options, Activity [Table Text Block] | For Years Ended March 31, 2017 2016 (in thousands, except per share data) Weighted average grant date fair value $ 1.91 $ 1.68 Intrinsic value of options exercised $ - $ - |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | For Years Ended March 31, 2017 2016 Risk-free interest rate 1.40 % 1.63 % Dividend yield 0 % 0 % Expected volatility 56.30 % 52.23 % Expected term in years 6.08 6.07 Weighted average fair value at grant date $ 1.72 $ 1.68 |
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] | For Years Ended March 31, 2017 2016 Risk-free interest rate 0.44 % 0.37 % Dividend yield 0.00 % 0.00 % Expected volatility 68.75 % 88.77 % Expected term in years 0.50 0.50 Weighted average fair value at grant date $ 0.69 $ 1.09 |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | For Years Ended March 31, 2017 2016 Cost of revenues $ 308 $ 367 Research and development 246 250 Sales and marketing 655 919 General and administrative 1,400 853 Impact on net loss $ 2,609 $ 2,389 |
Note 15 - Computation of Basi40
Note 15 - Computation of Basic and Diluted Net Loss Per Share (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | March 31, 2017 2016 (in thousands) Options 3,825 1,730 Unvested restricted stock units 123 191 Warrants 2,262 2,262 Total common stock equivalents excluded from diluted net loss per common share 6,210 4,183 |
Note 16 - Income Taxes (Tables)
Note 16 - Income Taxes (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | March 31, 2017 2016 Domestic pre-tax loss $ (6,924 ) $ (13,339 ) Foreign pre-tax loss (2,720 ) (1,234 ) Total pre-tax loss $ (9,645 ) $ (14,573 ) |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | March 31, 2017 2016 Federal tax at statutory rate $ (3,293 ) $ (4,870 ) Computed state tax (200 ) (312 ) Foreign rate differential 433 (17 ) Losses not benefited 2,642 4,274 Change in tax reserve (618 ) 214 Nondeductible expenses 916 364 Research and development tax credits (109 ) (198 ) Income tax benefit $ (229 ) $ (545 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | March 31, 2017 2016 Current: US $ - $ - State (5 ) 6 Foreign 66 8 61 14 Deferred: Federal - (112 ) State - (3 ) Foreign (291 ) (444 ) (291 ) (559 ) Total benefit from income taxes $ (229 ) $ (545 ) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | March 31, 2017 2016 Deferred Tax Assets: Net operating loss carryforward $ 22,378 $ 19,430 Intangible assets 9,289 8,951 Tax credit carryforwards 2,824 2,706 Reserves and accruals 391 900 Stock compensation 676 692 Fixed assets 32 30 Deferred revenue 83 14 35,673 32,723 Deferred Tax Liability Intangible assets (549 ) (930 ) (549 ) (930 ) Gross Deferred Tax Assets 35,124 31,793 Valuation Allowance (35,124 ) (32,083 ) Net Deferred Tax Liabilities $ - $ (290 ) |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | Balance at April 1, 2016 $ 1,348 Increases related to current year tax positions 36 Increase related to prior year tax positions 26 Balance at March 31, 2017 $ 1,410 |
Schedule II - Valuation and Q42
Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Summary of Valuation Allowance [Table Text Block] | Balance at Beginning of Period Increase (decrease) to Costs and Expenses Write Offs Reversal Benefit to Revenue Balance at End of Period Allowance for doubtful accounts (in $000’s) Fiscal year ended March 31, 2017 $ 407 $ 84 $ (335 ) $ (42 ) $ 114 Fiscal year ended March 31, 2016 $ 205 $ 504 $ (302 ) $ — $ 407 |
Note 2 - Summary of Significa43
Note 2 - Summary of Significant Accounting Policies (Details Textual) xbrli-pure in Thousands, $ in Thousands | 12 Months Ended | |
Mar. 31, 2017USD ($)shares | Mar. 31, 2016USD ($)shares | |
Retained Earnings (Accumulated Deficit) | $ (311,749) | $ (302,297) |
Impairment of Intangible Assets (Excluding Goodwill) | 0 | 1,400 |
Advertising Expense | 300 | 600 |
Capitalized Computer Software, Impairments | $ 0 | $ 1,368 |
Treasury Stock, Shares, Acquired | shares | 49,555 | 0 |
Goodwill, Impairment Loss | $ 0 | $ 0 |
Capitalized Software Development Costs [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 3 years | |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ||
Number of Major Customers | 0 | 0 |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | ||
Number of Major Customers | 0 | 0 |
Minimum [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 2 years | |
Maximum [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 5 years | |
Computer Software And Equipment [Member] | ||
Property, Plant and Equipment, Useful Life | 3 years | |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment, Useful Life | 5 years | |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment, Useful Life | 5 years |
Note 2 - Summary of Significa44
Note 2 - Summary of Significant Accounting Policies - Percentage of Revenues By Geographic Area (Details) - Geographic Concentration Risk [Member] - Sales Revenue, Net [Member] | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenues as a percentage | 100.00% | 100.00% |
Geographic Distribution, Foreign [Member] | ||
Revenues as a percentage | 30.00% | 21.00% |
Geographic Distribution, Domestic [Member] | ||
Revenues as a percentage | 70.00% | 79.00% |
Note 3 - Acquisition (Details T
Note 3 - Acquisition (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Mar. 31, 2017 | Jul. 31, 2015 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||
Payments to Noncontrolling Interests | $ 133 | ||||
Goodwill | $ 14,448 | $ 14,448 | $ 14,490 | $ 7,702 | |
B-Pack Services [Member] | |||||
Noncontrolling Interest, Ownership Percentage by Parent | 18.00% | ||||
B-Pack [Member] | B-Pack Software [Member] | |||||
Noncontrolling Interest, Ownership Percentage by Parent | 99.94% | ||||
B-Pack [Member] | B-Pack Services [Member] | |||||
Noncontrolling Interest, Ownership Percentage by Parent | 82.00% | ||||
Determine SAS [Member] | B-Pack Services [Member] | |||||
Payments to Noncontrolling Interests | $ 200 | ||||
B-Pack [Member] | |||||
Payments to Acquire Businesses, Gross | $ 1,056 | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,841,244 | ||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | ||||
Goodwill | $ 6,934 |
Note 3 - Acquisition - Acquisit
Note 3 - Acquisition - Acquisition of Remaining Interest (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | |
Net loss attributable to Determine, Inc. | $ (9,452) | $ (14,021) | ||
B-Pack [Member] | ||||
Net loss attributable to Determine, Inc. | $ (9,452) | $ (14,021) | ||
Increase for purchase of minority shares | 71 | |||
Net transfers from the non-controlling interest | 71 | |||
Change from net loss attributable to Determine, Inc. and transfers from the non-controlling interest | $ (9,381) | $ (14,021) |
Note 3 - Acquisition - Summary
Note 3 - Acquisition - Summary of Acquisition, b-pack (Details) - USD ($) $ in Thousands | Jul. 31, 2015 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2015 |
Goodwill (including assembled workforce) | $ 14,448 | $ 14,490 | $ 7,702 | |
B-Pack [Member] | ||||
Cash paid | $ 1,056 | |||
Total stock value | 7,954 | |||
Total purchase price | 9,010 | |||
Cash and cash equivalents | 654 | |||
Accounts receivable, net | 1,674 | |||
Prepaid and other assets | 105 | |||
Deferred income tax | 260 | |||
Goodwill (including assembled workforce) | 6,934 | |||
Other assets | 268 | |||
Accounts payable | (289) | |||
Accrued payroll and related benefits | (1,031) | |||
COFACE loan | (428) | |||
Deferred revenue | (868) | |||
Accrued expenses | (210) | |||
VAT payable | (265) | |||
Deferred tax liability - current | (1,173) | |||
Non-controlling interest | (121) | |||
Total net assets | 9,010 | |||
B-Pack [Member] | Customer Relationships [Member] | ||||
Intangible assets | 1,640 | |||
B-Pack [Member] | Developed Technology Rights [Member] | ||||
Intangible assets | $ 1,860 |
Note 3 - Acquisition - Pro Form
Note 3 - Acquisition - Pro Forma Information (Details) - B-Pack [Member] $ / shares in Units, $ in Thousands | 12 Months Ended |
Mar. 31, 2016USD ($)$ / shares | |
Revenue | $ 33,235 |
Loss from operations | (19,061) |
Net loss | $ (19,787) |
Basic and diluted net loss per share (in dollars per share) | $ / shares | $ (1.89) |
Note 4 - Goodwill and Purchas49
Note 4 - Goodwill and Purchased Intangible Assets (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Amortization of Intangible Assets | $ 2.1 | $ 2.1 |
Developed Technology Rights [Member] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years 262 days | |
Customer Relationships [Member] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years 156 days |
Note 4 - Goodwill and Purchas50
Note 4 - Goodwill and Purchased Intangible Assets - Summary of Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Balance | $ 14,490 | $ 7,702 |
Goodwill acquired | 6,934 | |
Foreign currency translation adjustment | (42) | |
Deferred tax adjustment | (146) | |
Balance | $ 14,448 | $ 14,490 |
Note 4 - Goodwill and Purchas51
Note 4 - Goodwill and Purchased Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Foreign Currency Translation Adjustment | $ (81) | |
Net Carrying Value | 5,860 | $ 8,011 |
Gross Carrying Amount | 10,887 | 11,007 |
Accumulated Amortization | (4,946) | (2,996) |
Developed Technology Rights [Member] | ||
Foreign Currency Translation Adjustment | (50) | |
Net Carrying Value | 2,637 | 3,667 |
Gross Carrying Amount | 5,034 | 5,034 |
Accumulated Amortization | (2,347) | (1,367) |
Customer Relationships [Member] | ||
Foreign Currency Translation Adjustment | (31) | |
Net Carrying Value | 3,223 | 4,344 |
Gross Carrying Amount | 5,853 | 5,853 |
Accumulated Amortization | $ (2,599) | (1,509) |
Trade Names [Member] | ||
Net Carrying Value | ||
Gross Carrying Amount | 120 | |
Accumulated Amortization | $ (120) |
Note 4 - Goodwill and Purchas52
Note 4 - Goodwill and Purchased Intangible Assets - Future Amortization Expense for Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Mar. 31, 2016 |
2,018 | $ 2,150 | |
2,019 | 2,135 | |
2,020 | 1,373 | |
2,021 | 202 | |
2,022 | ||
Total | $ 5,860 | $ 8,011 |
Note 5 - Private Placement Fu53
Note 5 - Private Placement Funding with Redeemable Convertible Preferred Stock and Warrants (Details Textual) - USD ($) | May 05, 2015 | Feb. 06, 2015 | May 05, 2015 | Mar. 31, 2016 | Mar. 31, 2016 | Mar. 31, 2017 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||
Share Price | $ 3.40 | |||||
Value of Benefical Conversion Feature in Preferred Stock | $ 371,000 | |||||
Common Stock [Member] | ||||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 1,254,246 | |||||
Value of Benefical Conversion Feature in Preferred Stock | ||||||
Additional Paid-in Capital [Member] | ||||||
Value of Benefical Conversion Feature in Preferred Stock | $ 371,000 | |||||
Series F Preferred Stock [Member] | ||||||
Stock Issued During Period, Value, New Issues | $ 250,000 | |||||
Convertible Preferred Stock, Conversion Rate, Numerator | $ 47 | $ 47 | ||||
Convertible Preferred Stock, Shares Issued upon Conversion | 10 | 10 | ||||
Convertible Preferred Stock, Initial Conversion Price | $ 4.70 | |||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 1,188,291 | |||||
Preferred Stock, Redemption Amount | $ 5,900,000 | $ 5,900,000 | ||||
Value of Benefical Conversion Feature in Preferred Stock | $ 370,000 | |||||
Series F Preferred Stock [Member] | Additional Paid-in Capital [Member] | ||||||
Value of Benefical Conversion Feature in Preferred Stock | $ 400,000 | |||||
Private Placement [Member] | Management and Director Investors [member] | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 32,975 | 32,975 | ||||
Stock Issued During Period, Shares, New Issues | 65,955 | |||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | ||||
Share Price | $ 4.70 | $ 4.70 | ||||
Stock Issued During Period, Value, New Issues | $ 300,000 | |||||
Private Placement [Member] | Investors 2015 [Member] | The 2015 Warrants [Member] | Common Stock [Member] | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 594,143 | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 6 | |||||
Period After Which Warrants Become Exercisable | 5 years | |||||
Class of Warrant or Right, Issued During Period, Fair Value | $ 800,000 | |||||
2015 Financing [Member] | Private Placement [Member] | Investors 2015 [Member] | Series F Preferred Stock and 2015 Warrants [Member] | ||||||
Proceeds from Issuance of Preferred Stock, Preference Stock, and Warrants | $ 5,600,000 | |||||
Stock Issued During Period, Shares, New Issues | 1,188,291 | |||||
2015 Financing [Member] | Private Placement [Member] | Investors 2015 [Member] | Series F Preferred Stock [Member] | ||||||
Stock Issued During Period, Shares, New Issues | 118,829 | |||||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | |||||
Share Price | $ 47 | |||||
Stock Issued During Period, Value, New Issues | $ 5,600,000 |
Note 5 - Private Placement Fu54
Note 5 - Private Placement Funding with Redeemable Convertible Preferred Stock and Warrants - Carrying Value of the Convertible Preferred Stock (Details) - USD ($) $ in Thousands | 1 Months Ended | 11 Months Ended | 12 Months Ended | |||
May 05, 2015 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2016 | Mar. 31, 2015 | |
Calculated BCF value | $ (371) | |||||
Accretion of Series F Stock through May 5, 2015 | $ 1,120 | |||||
Conversion of Series F stock into common stock | 5,877 | |||||
Gross proceeds allocated to Series F Stock sold on May 5, 2015 | 260 | |||||
Series F Preferred Stock [Member] | ||||||
Net value allocated to Series F Stock sold prior to BCF | $ 250 | |||||
Calculated BCF value | (370) | |||||
Accretion of Series F Stock through May 5, 2015 | 1,120 | |||||
Conversion of Series F stock into common stock | $ (5,895) | |||||
Carrying value of Series F Stock | 5,895 | $ 4,895 | ||||
Gross proceeds allocated to Series F Stock sold on May 5, 2015 | 250 | |||||
Related transaction costs allocated |
Note 6 - Property and Equipme55
Note 6 - Property and Equipment, Net (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Depreciation | $ 0.1 | $ 0.2 |
Note 6 - Property and Equipme56
Note 6 - Property and Equipment, Net - Summary of Property and Equipment (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Mar. 31, 2016 |
Property and equipment, gross | $ 735 | $ 678 |
Less: accumulated depreciation | (650) | (542) |
Total property and equipment, net | 85 | 136 |
Computer Equipment [Member] | ||
Property and equipment, gross | 360 | 360 |
Furniture and Equipment [Member] | ||
Property and equipment, gross | 316 | 282 |
Leasehold Improvements [Member] | ||
Property and equipment, gross | $ 59 | $ 36 |
Note 7 - Capitalized Software (
Note 7 - Capitalized Software (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Capitalized Computer Software, Period Increase (Decrease) | $ 1,800 | $ 1,400 |
Capitalized Computer Software, Amortization | 1,200 | 600 |
Capitalized Computer Software, Net | 2,341 | 1,699 |
Capitalized Computer Software, Impairments | $ 0 | $ 1,368 |
Capitalized Software Development Costs [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 3 years |
Note 8 - Balance Sheet Compon58
Note 8 - Balance Sheet Components - Components of Accrued Payroll and Related Liabilities, Other Accrued Liabilities and Deferred Revenue (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Mar. 31, 2016 |
Accrued payroll and related liabilities: | ||
Accrued vacation | $ 841 | $ 715 |
Accrued bonus | 47 | 103 |
Accrued wages | 216 | 197 |
Accrued benefits | 440 | 488 |
Accrued commissions | 185 | 152 |
Total | 1,729 | 1,655 |
Accrued accounts payable | 167 | 338 |
VAT on sales | 366 | 344 |
Employee withhold tax for stock | 190 | 84 |
Sales tax payable | 933 | 819 |
Other accrued liabilities | 386 | 811 |
Total | 2,042 | 2,396 |
Deferred revenue: | ||
Deferred revenue | 10,080 | 10,366 |
Subscription Arrangement [Member] | ||
Deferred revenue: | ||
Deferred revenue | 7,003 | 6,871 |
Maintenance [Member] | ||
Deferred revenue: | ||
Deferred revenue | 2,157 | 2,160 |
Consulting [Member] | ||
Deferred revenue: | ||
Deferred revenue | 854 | 1,165 |
Hosting [Member] | ||
Deferred revenue: | ||
Deferred revenue | 55 | 52 |
Training [Member] | ||
Deferred revenue: | ||
Deferred revenue | $ 11 | $ 118 |
Note 9 - Restructuring (Details
Note 9 - Restructuring (Details Textual) | 12 Months Ended |
Mar. 31, 2016 | |
Restructuring and Related Cost, Number of Positions Eliminated | 11 |
Note 9 - Restructuring - Summar
Note 9 - Restructuring - Summary of Restructuring Accrual (Details) $ in Thousands | 12 Months Ended |
Mar. 31, 2017USD ($) | |
Balance | $ 403 |
Payment of costs | (403) |
Balance |
Note 10 - Operating Lease Com61
Note 10 - Operating Lease Commitments (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Operating Leases, Rent Expense | $ 600 | $ 900 |
Operating Leases, Income Statement, Sublease Revenue | 20 | |
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals | $ 70 |
Note 10 - Operating Lease Com62
Note 10 - Operating Lease Commitments - Future Minimum Lease Payments (Details) $ in Thousands | Mar. 31, 2017USD ($) |
2,018 | $ 418 |
2,019 | 304 |
2,020 | 164 |
2,021 | 62 |
Total | $ 948 |
Note 11 - Litigation and Cont63
Note 11 - Litigation and Contingencies (Details Textual) - USD ($) $ in Thousands | Apr. 03, 2017 | Apr. 30, 2016 | Mar. 31, 2017 | Mar. 31, 2016 |
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 | |||
B-Pack Services [Member] | Subsequent Event [Member] | ||||
Litigation Settlement, Amount Awarded to Other Party | $ 100 |
Note 12 - COFACE Loan (Details
Note 12 - COFACE Loan (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2017 | Mar. 31, 2016 |
Loans Payable, Current | $ 174 | $ 407 |
Note 13 - Credit Facility and65
Note 13 - Credit Facility and Convertible Notes (Details Textual) | 1 Months Ended | 12 Months Ended | ||||||||
Jan. 31, 2017USD ($) | Dec. 31, 2016$ / sharesshares | Apr. 30, 2016USD ($) | Feb. 28, 2016USD ($) | Dec. 31, 2015USD ($)$ / shares | Mar. 31, 2015USD ($)$ / shares | Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Jan. 30, 2017USD ($) | Dec. 27, 2016USD ($)$ / shares | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 13,000,000 | |||||||||
Prepayment Penalty Rate | 1.00% | |||||||||
Line of Credit Facility Current Ratio Covenant | 2 | |||||||||
Long-term Line of Credit | $ 11,900,000 | $ 9,000,000 | ||||||||
Line of Credit Facility, Remaining Borrowing Capacity | 2,100,000 | 3,000,000 | ||||||||
Gain (Loss) on Extinguishment of Debt | 166,000 | |||||||||
Debt Instrument, Convertible, Beneficial Conversion Feature | 370,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||
Junior Secured Convertible Promissory Note [Member] | ||||||||||
Debt Instrument, Face Amount | $ 2,500,000 | $ 2,000,000 | ||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 3.75 | $ 3 | ||||||||
Junior Secured Convertible Promissory Note [Member] | Debt Extinguishment With Related Party [Member] | ||||||||||
Gain (Loss) on Extinguishment of Debt | $ 166,000 | |||||||||
Junior Secured Convertible Promissory Note [Member] | ||||||||||
Debt Instrument, Option to Pay Any Amounts of Interest Due, Interest Rate, Percentage | 12.00% | 12.00% | ||||||||
Debt Instrument, Convertible, Spread on Offering Price | $ / shares | $ 0.50 | |||||||||
Maximum Convertible Stock, Percent | 19.99% | |||||||||
Debt Instrument, Default Interest Rate | 13.00% | |||||||||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 100,000 | |||||||||
Debt Instrument, Face Amount | $ 3,000,000 | |||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 5.70 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 10.00% | 10.00% | |||||||
Debt Instrument, Convertible, Price Reduction Trigger | $ / shares | $ 2.50 | |||||||||
Other Noncurrent Liabilities [Member] | ||||||||||
Guarantee Obligations, Fees | 1,300,000 | 1,400,000 | ||||||||
Credit Facility Guarantee [Member] | ||||||||||
Guarantee Agreement Annual Fee Percentage | 0.83% | |||||||||
Credit Facility Guarantee [Member] | Grantor [Member] | ||||||||||
Shares Issued, Price Per Share | $ / shares | $ 1.89 | |||||||||
Stock Issued During Period, Shares, New Issues | shares | 277,248 | |||||||||
Credit Facility Guarantee [Member] | Grantor [Member] | Value of Accrued Fees Paid With Issuance of Stock [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues | shares | 524,000 | |||||||||
Largest Stockholder and MILFAM II L.P. (Affiliate) [Member] | Months 1-12 [Member] | ||||||||||
Guarantee Agreement, Monthly Fee, Percentage | 1.00% | |||||||||
Largest Stockholder and MILFAM II L.P. (Affiliate) [Member] | Months 13-24 [Member] | ||||||||||
Guarantee Agreement, Monthly Fee, Percentage | 1.50% | |||||||||
Largest Stockholder and MILFAM II L.P. (Affiliate) [Member] | Credit Facility Guarantee [Member] | ||||||||||
Guarantor Obligations, Collateral Held Directly or by Third Parties1 | $ 1,000,000 | |||||||||
Guarantor Obligations, Fees | $ 50,000 | |||||||||
Guarantee Agreement, Monthly Fee, Percentage | 10.00% | |||||||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 4,000,000 | $ 2,000,000 | $ 3,000,000 | |||||||
Guarantee Agreement, PIK Commitment Fee, Minimum Amount | $ 100,000 | $ 100,000 | ||||||||
Largest Stockholder and MILFAM II L.P. (Affiliate) [Member] | Guaranties 2015 [Member] | ||||||||||
Guarantor Obligations, Current Carrying Value | 2,000,000 | 2,000,000 | ||||||||
Largest Stockholder and MILFAM II L.P. (Affiliate) [Member] | Guaranties 2016 [Member] | ||||||||||
Guarantor Obligations, Current Carrying Value | $ 4,000,000 | $ 0 | ||||||||
ALSC [Member] | Months 1-12 [Member] | ||||||||||
Guarantee Agreement, Monthly Fee, Percentage | 0.50% | |||||||||
ALSC [Member] | Months 13-24 [Member] | ||||||||||
Guarantee Agreement, Monthly Fee, Percentage | 0.75% | |||||||||
ALSC [Member] | Credit Facility Guarantee [Member] | ||||||||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 3,000,000 | |||||||||
Guarantee Agreement, PIK Commitment Fee, Minimum Amount | $ 100,000 | |||||||||
ALSC [Member] | Credit Facility Guarantee [Member] | First 12 Month after Drawing Credit Facility [Member] | ||||||||||
Guarantee Agreement, Monthly Fee, Percentage | 1.00% | |||||||||
ALSC [Member] | Credit Facility Guarantee [Member] | Second 12 Month after Drawing Creidt Facility [Member] | ||||||||||
Guarantee Agreement, Monthly Fee, Percentage | 1.50% | |||||||||
Receivables Financing Facility [Member] | ||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | |||||||||
Line of Credit Facility Minimum Borrowing Base Requirement Percentage Of Eligible Accounts Receivable | 80.00% | |||||||||
Debt Instrument, Interest Rate, Effective Percentage | 4.25% | |||||||||
Receivables Financing Facility [Member] | Prime Rate [Member] | ||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.25% | |||||||||
Receivables Financing Facility [Member] | Minimum [Member] | ||||||||||
Line of Credit Facility, Interest Rate During Period | 3.25% | |||||||||
Working Capital Facility [Member] | ||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 8,000,000 | |||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.00% | |||||||||
Line of Credit Facility, Minimum Monthly Interest Charge | $ 2,000 | |||||||||
Debt Instrument, Interest Rate, Effective Percentage | 2.15% |
Note 13 - Credit Facility and66
Note 13 - Credit Facility and Convertible Notes - Outstanding Debt Obligations (Details) $ in Thousands | Mar. 31, 2017USD ($) |
Payments Due by Period Total | $ 25,001 |
Payments Due by Period Less than 1 Year | 12,035 |
Payments Due by Period 1-3 Years | 9,348 |
Payments Due by Period 3-5 years | 3,618 |
Payments Due by Period More than 5 Years | |
Loan guaranty fees due to Lloyd I. Miller III [Member] | |
Payments Due by Period Total | 1,305 |
Payments Due by Period Less than 1 Year | |
Payments Due by Period 1-3 Years | 1,305 |
Payments Due by Period 3-5 years | |
Payments Due by Period More than 5 Years | |
Convertible Debt [Member] | |
Payments Due by Period Total | 11,661 |
Payments Due by Period Less than 1 Year | |
Payments Due by Period 1-3 Years | 8,043 |
Payments Due by Period 3-5 years | 3,618 |
Payments Due by Period More than 5 Years | |
France COFACE Loan [Member] | |
Payments Due by Period Total | 174 |
Payments Due by Period Less than 1 Year | 174 |
Payments Due by Period 1-3 Years | |
Payments Due by Period 3-5 years | |
Payments Due by Period More than 5 Years | |
Line of Credit [Member] | |
Payments Due by Period Total | 11,861 |
Payments Due by Period Less than 1 Year | 11,861 |
Payments Due by Period 1-3 Years | |
Payments Due by Period 3-5 years | |
Payments Due by Period More than 5 Years |
Note 14 - Equity (Details Textu
Note 14 - Equity (Details Textual) - USD ($) | Mar. 10, 2015 | Dec. 03, 2012 | Nov. 07, 2012 | May 30, 2001 | Mar. 28, 2001 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 | Aug. 11, 2016 | Aug. 10, 2016 | May 31, 2010 |
Allocated Share-based Compensation Expense | $ 2,609,000 | $ 2,389,000 | |||||||||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 83,540 | 64,178 | |||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 5,304,508 | ||||||||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term | 8 years 25 days | ||||||||||
Share Price | $ 3.40 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 1,100,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 4,700,000 | $ 100,000 | |||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $ 3,400,000 | ||||||||||
Treasury Stock, Shares, Acquired | 49,555 | 0 | |||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 172,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $ 600,000 | $ 500,000 | |||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 600,000 | ||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 62 days | ||||||||||
Employee Stock Option [Member] | |||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 248 days | ||||||||||
Scenario, Forecast [Member] | |||||||||||
Treasury Stock, Shares, Acquired | 30,000 | ||||||||||
Stock Plan 1996 [Member] | |||||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 815,000 | ||||||||||
Percent of Fair Market Value | 100.00% | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||||||||
Stock Plan 1996 [Member] | Vesting One Year After the Vesting Commencement Date [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ||||||||||
Stock Plan 1996 [Member] | Nonstatutory Stock Options [Member] | |||||||||||
Percent of Fair Market Value | 85.00% | ||||||||||
Plan 1999 [Member] | |||||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 1,551,000 | ||||||||||
Long Term Performance 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 | 420,000 | ||||||||||
Allocated Share-based Compensation Expense | 100,000 | ||||||||||
Long Term Performance Incentive Plan [Member] | Based Upon Achievement of Committed Monthly Recurring Revenue Targets [Member] | Restricted Stock Units (RSUs) [Member] | |||||||||||
Award Vesting Percentage, Amount Withheld from Vesting until Achievement of Profitability, Percent | 50.00% | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 60.00% | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||||||||
Long Term Performance Incentive Plan [Member] | Vesting Based upon Operating Profit Targets [Member] | Restricted Stock Units (RSUs) [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 40.00% | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||||||||
Employee Stock Purchase Plan [Member] | |||||||||||
Common Stock Purchased through Payroll Deductions, Maximum Percent of Employees' Cash Compensation | 15.00% | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Offering Date | 85.00% | ||||||||||
Purchase Plan Eligibility, Minimum Number of Months Worked Per Year | 5 | ||||||||||
Purchase Plan Eligibility, Minimum Number of Hours Worked Per Week | 20 | ||||||||||
Percent Ownership Excluded from Plan | 5.00% | ||||||||||
Class of Warrant or Right, Maximum Amount Available to Purchase | $ 25,000 | ||||||||||
Offering Period, Term | 6 years | ||||||||||
Purchase Plan, Term | 20 years | ||||||||||
Allocated Share-based Compensation Expense | $ 50,000 | $ 60,000 | |||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 553,000 | ||||||||||
Employee Stock Purchase Plan [Member] | Originally Reserved for Issuance [Member] | |||||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 100,000 | ||||||||||
Employee Stock Purchase Plan [Member] | Per Purchase Date [Member] | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 5,000 | ||||||||||
Employee Stock Purchase Plan [Member] | Per Year [Member] | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 10,000 | ||||||||||
Supplemental Plan 2001 [Member] | |||||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 250,000 | ||||||||||
Percent of Fair Market Value | 85.00% | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||||||||
Supplemental Plan 2001 [Member] | Maximum [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 10 years | ||||||||||
Supplemental Plan 2001 [Member] | Vesting One Year After the Vesting Commencement Date [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ||||||||||
2015 Equity Incentive Plan [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 4,000,000 | 1,500,000 | |||||||||
2015 Equity Incentive Plan [Member] | Employee Stock Options and SARs [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee | 300,000 | ||||||||||
2015 Equity Incentive Plan [Member] | Employee Stock Option [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 100.00% | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||||||||
2015 Equity Incentive Plan [Member] | Share-based Compensation Award, Tranche One [Member] | Employee Stock Option [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ||||||||||
2015 Equity Incentive Plan [Member] | First Year [Member] | Employee Stock Options and SARs [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee | 500,000 |
Note 14 - Equity - Common Stock
Note 14 - Equity - Common Stock Reserved for Future Issuance (Details) - shares | Mar. 31, 2017 | Mar. 31, 2016 |
Equity Incentive Plans: | ||
Restricted stock unit awards outstanding (in shares) | 181,319 | |
Options outstanding (in shares) | 4,529,586 | 2,761,000 |
Reserved for future grants (in shares) | 593,603 | 80,000 |
Total common stock reserved for future issuance (in shares) | 5,304,508 |
Note 14 - Equity - Activity Und
Note 14 - Equity - Activity Under the Equity Incentive Plans (Details) - $ / shares | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2017 | |
Outstanding, beginning balance (in shares) | 2,761,000 | |
Outstanding, beginning balance (in dollars per share) | $ 4.02 | |
Granted (in shares) | 1,943,000 | |
Granted (in dollars per share) | $ 1.72 | |
Exercised/Released (in shares) | (1,000) | |
Exercised/Released (in dollars per share) | $ 3.24 | |
Cancelled (in shares) | (173,000) | |
Cancelled (in dollars per share) | $ 4.96 | |
Vested and expected to vest (in shares) | 4,138,000 | |
Vested and expected to vest (in dollars per share) | $ 3.09 | |
Exercisable (in shares) | 1,597,000 | |
Exercisable (in dollars per share) | $ 3.92 | |
Outstanding, ending balance (in shares) | 4,529,586 | |
Outstanding, ending balance (in dollars per share) | $ 3.02 | |
Restricted Stock Units (RSUs) [Member] | ||
Outstanding, beginning balance (in shares) | 244,000 | |
Outstanding, beginning balance (in dollars per share) | $ 5.43 | |
Granted (in shares) | 172,000 | |
Granted (in dollars per share) | $ 2.18 | |
Exercised/Released (in shares) | (228,000) | |
Exercised/Released (in dollars per share) | $ 4.10 | |
Outstanding, ending balance (in shares) | 244,000 | 181,000 |
Cancelled (in shares) | (7,000) | |
Outstanding, ending balance (in dollars per share) | $ 3.99 | |
Cancelled (in dollars per share) | $ 6.22 |
Note 14 - Equity - Summary of S
Note 14 - Equity - Summary of Shares Available for Grant (Details) | 12 Months Ended |
Mar. 31, 2017shares | |
Beginning balance (in shares) | 80,000 |
Granted from approved plans (in shares) | (1,943,000) |
Shares added to the plans (in shares) | 2,519,000 |
Cancelled (in shares) | 110,000 |
Ending balance (in shares) | 593,603 |
Restricted Stock Units (RSUs) [Member] | |
Granted (in shares) | (172,000) |
Note 14 - Equity - Options Outs
Note 14 - Equity - Options Outstanding and Exercisable, By Exercise Range (Details) shares in Thousands | 12 Months Ended |
Mar. 31, 2017$ / sharesshares | |
Options Exercisable, Weighted- Average Exercise Price (in dollars per share) | $ 3.92 |
Lower Range of Exercise Price (in dollars per share) | 1.35 |
Upper Range of Exercise Price (in dollars per share) | $ 18.90 |
Options Outstanding (in shares) | shares | 4,530 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 8 years 204 days |
Options Exercisable (in shares) | shares | 1,597 |
Range 1 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (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 (in shares) | shares | 105 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 9 years 76 days |
Options Exercisable (in shares) | shares | 5 |
Range 2 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (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 (in shares) | shares | 2,000 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 8 years 328 days |
Options Exercisable (in shares) | shares | 536 |
Range 3 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (in dollars per share) | $ 1.77 |
Lower Range of Exercise Price (in dollars per share) | 1.75 |
Upper Range of Exercise Price (in dollars per share) | $ 2 |
Options Outstanding (in shares) | shares | 577 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 9 years 135 days |
Options Exercisable (in shares) | shares | 80 |
Range 4 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (in dollars per share) | $ 3.47 |
Lower Range of Exercise Price (in dollars per share) | 2.59 |
Upper Range of Exercise Price (in dollars per share) | $ 3.99 |
Options Outstanding (in shares) | shares | 401 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 8 years 281 days |
Options Exercisable (in shares) | shares | 146 |
Range 5 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (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 (in shares) | shares | 642 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 8 years 83 days |
Options Exercisable (in shares) | shares | 272 |
Range 6 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (in dollars per share) | $ 6.27 |
Lower Range of Exercise Price (in dollars per share) | 5.18 |
Upper Range of Exercise Price (in dollars per share) | $ 6.61 |
Options Outstanding (in shares) | shares | 744 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 7 years 120 days |
Options Exercisable (in shares) | shares | 497 |
Range 7 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (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 (in shares) | shares | 50 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 6 years 324 days |
Options Exercisable (in shares) | shares | 50 |
Range 8 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (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 (in shares) | shares | 5 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 1 year 328 days |
Options Exercisable (in shares) | shares | 5 |
Range 9 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (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 (in shares) | shares | 5 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 1 year 142 days |
Options Exercisable (in shares) | shares | 5 |
Range 10 [Member] | |
Options Exercisable, Weighted- Average Exercise Price (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 (in shares) | shares | 1 |
Options Outstanding, Weighted- Average Remaining Contractual Life (Year) | 226 days |
Options Exercisable (in shares) | shares | 1 |
Note 14 - Equity - Stock Option
Note 14 - Equity - Stock Option Activity (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Weighted average fair value at grant date (in dollars per share) | $ 1.91 | $ 1.68 |
Intrinsic value of options exercised |
Note 14 - Equity - Valuation As
Note 14 - Equity - Valuation Assumptions of Stock Options (Details) - $ / shares | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Weighted average fair value at grant date (in dollars per share) | $ 1.91 | $ 1.68 |
Employee Stock Option [Member] | ||
Risk-free interest rate | 1.40% | 1.63% |
Dividend yield | 0.00% | 0.00% |
Expected volatility | 56.30% | 52.23% |
Expected term in years (Year) | 6 years 29 days | 6 years 25 days |
Weighted average fair value at grant date (in dollars per share) | $ 1.72 | $ 1.68 |
Note 14 - Equity - Employee Sto
Note 14 - Equity - Employee Stock Purchase Plan, Valuation Assumptions (Details) - $ / shares | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Weighted average fair value at grant date (in dollars per share) | $ 1.91 | $ 1.68 |
Employee Stock Purchase Plan [Member] | ||
Risk-free interest rate | 0.44% | 0.37% |
Dividend yield | 0.00% | 0.00% |
Expected volatility | 68.75% | 88.77% |
Expected term in years (Year) | 182 days | 182 days |
Weighted average fair value at grant date (in dollars per share) | $ 0.69 | $ 1.09 |
Note 14 - Equity - Effect of Re
Note 14 - Equity - Effect of Recording Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Allocated share-based compensation expense | $ 2,609 | $ 2,389 |
Cost of Sales [Member] | ||
Allocated share-based compensation expense | 308 | 367 |
Research and Development Expense [Member] | ||
Allocated share-based compensation expense | 246 | 250 |
Sales and Marketing [Member] | ||
Allocated share-based compensation expense | 655 | 919 |
General and Administrative [Member] | ||
Allocated share-based compensation expense | $ 1,400 | $ 853 |
Note 15 - Computation of Basi76
Note 15 - Computation of Basic and Diluted Net Loss Per Share - Antidilutive Securities Excluded From the Computation of Earnings Per Share (Details) - shares shares in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Antidilutive securities (in shares) | 6,210 | 4,183 |
Employee Stock Option [Member] | ||
Antidilutive securities (in shares) | 3,825 | 1,730 |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive securities (in shares) | 123 | 191 |
Warrant [Member] | ||
Antidilutive securities (in shares) | 2,262 | 2,262 |
Note 16 - Income Taxes (Details
Note 16 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 3,000 | $ 4,000 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 0 | |
State and Local Jurisdiction [Member] | ||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | (30,000) | |
Operating Loss Carryforwards | 47,900 | |
Deferred Tax Assets, Tax Credit Carryforwards, Research | 3,900 | |
State and Local Jurisdiction [Member] | Research Tax Credit Carryforward [Member] | ||
Tax Credit Carryforwards Subject to Forfeiture | 0 | |
Internal Revenue Service (IRS) [Member] | ||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | (172,000) | |
Operating Loss Carryforwards | 55,500 | |
Deferred Tax Assets, Tax Credit Carryforwards, Research | 200 | |
Internal Revenue Service (IRS) [Member] | Research Tax Credit Carryforward [Member] | ||
Tax Credit Carryforwards Subject to Forfeiture | $ 3,600 |
Note 16 - Income Taxes - Income
Note 16 - Income Taxes - Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Domestic pre-tax loss | $ (6,924) | $ (13,339) |
Foreign pre-tax loss | (2,720) | (1,234) |
Total pre-tax loss | $ (9,645) | $ (14,573) |
Note 16 - Income Taxes - Inco79
Note 16 - Income Taxes - Income Tax Expense Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Federal tax at statutory rate | $ (3,293) | $ (4,870) |
Computed state tax | (200) | (312) |
Foreign rate differential | 433 | (17) |
Losses not benefited | 2,642 | 4,274 |
Change in tax reserve | (618) | 214 |
Nondeductible expenses | 916 | 364 |
Research and development tax credits | (109) | (198) |
Income tax benefit | $ (229) | $ (545) |
Note 16 - Income Taxes - Compon
Note 16 - Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Current: | ||
US | ||
State | (5) | 6 |
Foreign | 66 | 8 |
61 | 14 | |
Deferred: | ||
Federal | (112) | |
State | (3) | |
Foreign | (291) | (444) |
(291) | (559) | |
Total benefit from income taxes | $ (229) | $ (545) |
Note 16 - Income Taxes - Deferr
Note 16 - Income Taxes - Deferred Income Taxes (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Mar. 31, 2016 |
Deferred Tax Assets: | ||
Net operating loss carryforward | $ 22,378 | $ 19,430 |
Intangible assets | 9,289 | 8,951 |
Tax credit carryforwards | 2,824 | 2,706 |
Reserves and accruals | 391 | 900 |
Stock compensation | 676 | 692 |
Fixed assets | 32 | 30 |
Deferred revenue | 83 | 14 |
35,673 | 32,723 | |
Deferred Tax Liability | ||
Intangible assets | (549) | (930) |
Deferred Tax Liability | (549) | (930) |
Gross Deferred Tax Assets | (35,124) | (31,793) |
Valuation Allowance | (35,124) | (32,083) |
Net Deferred Tax Liabilities | $ (290) |
Note 16 - Income Taxes - Unreco
Note 16 - Income Taxes - Unrecognized Tax Benefits (Details) $ in Thousands | 12 Months Ended |
Mar. 31, 2017USD ($) | |
Balance | $ 1,348 |
Increases related to current year tax positions | 36 |
Increase related to prior year tax positions | 26 |
Balance | $ 1,410 |
Note 17 - 401(k) Benefit Plan (
Note 17 - 401(k) Benefit Plan (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 1.00% | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 0.2 | $ 0.4 |
Note 18 - Segment Information (
Note 18 - Segment Information (Details Textual) | 12 Months Ended |
Mar. 31, 2017 | |
Number of Operating Segments | 1 |
Note 19 - Related Party (Detail
Note 19 - Related Party (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Rental Payments [Member] | SCI Donapierre [Member] | ||
Related Party Transaction, Amounts of Transaction | $ 0.1 | $ 0.1 |
Note 20 - Subsequent Events (De
Note 20 - Subsequent Events (Details Textual) - Subsequent Event [Member] | Jun. 01, 2017shares |
Largest Stockholder and MILFAM II L.P. (Affiliate) [Member] | Credit Facility Guarantee [Member] | |
Stock Issued During Period, Shares, Initial Extension | 50,000 |
Stock Issued During Period, Additional Shares, Subsequent Extension | 62,500 |
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% |
Schedule II - Valuation and Q87
Schedule II - Valuation and Qualifying Accounts - Accounts Receivable Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Reversal benefit to Revenue | $ (42) | |
Balance at End of Period | 114 | $ 407 |
Balance at Beginning of Period | 407 | 205 |
Increase (decrease) to Costs and Expenses | 84 | 504 |
Write Offs | $ (335) | $ (302) |