The Balance Sheet as of November 30, 2014 compared to the audited fiscal year-end Balance Sheet as of May 31, 2014 is presented below.

Balance Sheets
(in thousands)

					As of
					November 30, 2014
								May 31, 2014
					(unaudited)
Cash					$	517		$	1,209
Accounts receivable						733			666
Receivable due from sale of CADRA product line						304			547
Other current assets						214			343
Total current assets						1,768			2,765
Property and equipment, net						76			95
Goodwill						948			948
Other non-current assets						845			916
Total assets					$	3,637		$	4,724
Accounts payable					$	283		$	483
Accrued expenses						303			607
Deferred maintenance revenue						1,172			1,462
Current portion of long term debt						851			973
Other current liabilities						19			19
Total current liabilities						2,628			3,544
Other non-current liabilities						55			47
Long term debt						120			-
Total liabilities						2,803			3,591
Redeemable common stock						1,190			275
Stockholders' (deficit) equity						(356	)		858
Total liabilities, redeemable common stock
and stockholders' (deficit) equity					$	3,637		$	4,724

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