The Balance Sheet as of February 28, 2015 compared to the audited fiscal year-end Balance Sheet as of May 31, 2014 is presented below.

			Balance Sheets
			(in thousands)
					As of
					February 28,			May 31,
ASSETS					2015			2014
Cash					$	538		$	1,209
Accounts receivable						541			666
Receivable due from sale of CADRA product line						283			547
Other current assets						235			343
Total current assets						1,597			2,765
Property and equipment, net						65			95
Goodwill and other intangible assets, net						1,392			1,373
Other non-current assets						505			491
Total assets					$	3,559		$	4,724
LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY
Accounts payable					$	132		$	483
Accrued expenses						325			607
Deferred maintenance revenue						1,690			1,462
Current portion of long term debt						583			973
Capital lease, current						19			19
Total current liabilities						2,749			3,544
Other non-current liabilities						48			47
Long term debt						147		-
Total liabilities						2,944			3,591
Redeemable common stock						1,190			275
Shareholders' (deficit) equity						(575)			858
Total liabilities and shareholders' (deficit) equity					$	3,559		$	4,724

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