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Warrants And Other Derivatives (Tables)
6 Months Ended
Sep. 30, 2012
Schedule Of Fair Value Assumptions Used To Calculate The Value Of The Convertible Note Derivative Feature

 

 

 

 

 

 

 

 

 

 

September 30,

 

June 30,

 

April 4,

 

 

 

2012

 

2012

 

2012

 

 

 

 

 

 

 

 

 

Expected Volatility

 

70.0 

%

71.0 

%

75.0 

%

Risk Free Rate

 

0.23 

%

0.33 

%

0.44 

%

Bond Yield 

 

15.0 

%

16.0 

%

15.0 

%

Recovery Rate 

 

30.0 

%

30.0 

%

30.0 

%

Redeemable 

 

yes

 

yes

 

yes

 

Total Time (years) 

 

2.01 

 

2.28 

 

2.5 

 

Dilution Effect 

 

yes

 

yes

 

yes

 

Indicated Percent of Par 

 

108.0 

%

121.0 

%

117.0 

%

Fair Value 

$

2.8 million

$

4.5 million

$

3.8 million

 

 

Securities Purchase Agreement [Member]
 
Schedule Of The Fair Value Of The Warrants Using The Black-Scholes Option Pricing Model

 

 

 

 

 

 

 

 

 

 

September 30,

 

June 30,

 

April 4,

 

 

 

2012

 

2012

 

2012

 

 

 

 

 

 

 

 

 

Risk-free interest rate

 

0.63 

%

0.77 

%

1.19 

%

Expected annual dividend yield

 

0.0 

%

0.0 

%

0.0 

%

Expected volatility

 

80.9 

%

80.8 

%

80.0 

%

Term 

 

  5.01 years

 

  5.28 years

 

  5.5 years

 

Fair Value 

$

7.1 million

$  

8.6 million

$

7.0 million

 

 

Loan And Security Agreement [Member]
 
Schedule Of The Fair Value Of The Warrants Using The Black-Scholes Option Pricing Model

 

 

 

 

 

 

 

 

 

 

September 30,

 

June 30,

 

June 5,

 

 

 

2012

 

2012

 

2012

 

 

 

 

 

 

 

 

 

Risk-free interest rate

 

0.64 

%

0.80 

%

0.77 

%

Expected annual dividend yield

 

0.0 

%

0.0 

%

0.0 

%

Expected volatility

 

81.18 

%

80.32 

%

79.90 

%

Term 

 

5.18 

 

  5.44 years

 

5.5 

 

Fair Value 

$

0.4 million

$

0.5 million

$

0.4 million