Consolidated Balance Sheets
(in thousands, except share data)



March 31, 2002 March 31, 2001  
Assets
Current assets:
   Cash and cash equivalents $ 15,457 $ 36,655  
   Short-term investments 16,601 -  
   Accounts receivable, net of allowance for doubtful
    accounts of $375 at March 31, 2002 and 2001
3,170 3,090  
   Tax receivable 2,784 -  
   Prepaid expenses 260 243  
   Deferred taxes - 464  
     Total current assets 38,272 40,452  
Long-term investment - 3,000  
Property and equipment, net 308 629  
Other assets 182 536  
Total assets $ 38,762 $ 44,617  
Liabilities and Stockholders' Equity
Current liabilities:
   Accounts payable $ 455 $ 538  
   Accrued expenses and other liabilities 2,055 2,828  
   Deferred revenue 531 4  
   Billings in excess of costs and estimated earnings 12 82  
   Total current liabilities 3,053 3,452  
   Commitments
   Stockholders' equity:
     Preferred stock, $.01 par value, 1,000,000 authorized,
     no shares issued or outstanding
- -  
     Common stock, $.01 par value, 60,000,000 shares
     authorized, 13,151,123 shares issued and 13,039,123
     outstanding at March 31, 2002 and 13,135,126 shares
     issued and 13,023,126 outstanding at March 31, 2001
131 131  
   Additional paid-in capital 27,565 26,900  
   Retained earnings 8,038 14,159  
   Treasury stock (112,000 shares carried at cost) (25) (25)  
     Total stockholders' equity 35,709 41,165  
Total liabilities and stockholders' equity $ 38,762 $ 44,617  


The accompanying notes are an integral part of these consolidated financial statements.