Annual report pursuant to Section 13 and 15(d)

Acquisition (Tables)

v2.4.0.6
Acquisition (Tables)
12 Months Ended
Mar. 31, 2013
Acquisition  
Summary of consideration paid

No voting interests in CPS were acquired in this transaction (in thousands).

Description
  Purchase
Price
 

Stock issued at Closing Date

  $ 1,798  

Fair value of consideration at Second Funding Date, stock or cash

    2,990  
       

Total purchase consideration

  $ 4,788  
       
Schedule of purchase price allocation

The following table presents the purchase price allocation (in thousands):

Description
  Purchase
Price
 

Manufacturing equipment

  $ 292  

Intangible Assets:

       

Technology

    2,240  

Parts/service customer relationships

    1,080  

TA100 customer relationships

    617  

Backlog

    490  

Trade name

    69  
       

Total purchase consideration

  $ 4,788  
       
Schedule of unaudited pro forma financial information

The following unaudited pro forma financial information presents the results as if the MPL acquisition had occurred at the beginning of Fiscal 2010 (in thousands):

 
  Fiscal Year
Ended
March 31, 2010
 

Revenue

  $ 64,279  

Net Loss

    (69,977 )