XML 72 R26.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2014
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Carried at Fair Value | The following table provides the assets and liabilities carried at fair value, measured as of December 31, 2014 and March 31, 2014 (in thousands):
| Total |  |  | Quoted Prices in |  |  | Significant Other |  |  | Significant |
| Carrying |  |  | Active Markets |  |  | Observable Inputs |  |  | Unobservable Inputs |
| Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents | $ | 22,516 |  |  | $ | 22,516 |  |  | $ | - |  |  | $ | - |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrants | $ | 3,914 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,914 |
| Total |  |  | Quoted Prices in |  |  | Significant Other |  |  | Significant |
| Carrying |  |  | Active Markets |  |  | Observable Inputs |  |  | Unobservable Inputs |
| Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
March 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents | $ | 17,675 |  |  | $ | 17,675 |  |  | $ | - |  |  | $ | - |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrants | $ | 2,601 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,601 |
Schedule of Liabilities Measured at Fair Value | The table below reflects the activity for the Company’s major classes of liabilities measured at fair value (in thousands):
|  |  |  |  | Warrants |
April 1, 2014 |  |  |  |  | $ | 2,601 |
Warrant issuance with Equity Raise |  |  |  |  |  | 4,255 |
Warrant issuance with Senior Secured Term Loan |  |  |  |  |  | 106 |
Mark to market adjustment |  |  |  |  |  | (3,048 | )
Balance at December 31, 2014 |  |  |  |  | $ | 3,914 |
| Derivative |  |  |  |  |
| Liability |  |  | Warrants |
April 1, 2013 | $ | 529 |  |  | $ | 3,633 |
Warrant issuance with Senior Secured Term Loan |  | - |  |  |  | 315 |
Mark to market adjustment |  | (525 | ) |  |  | (1,347 | )
Extinguishment of derivative liability |  | (4 | ) |  |  | - |
Balance at March 31, 2014 | $ | - |  |  | $ | 2,601 |
Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis | The following table provides the assets and liabilities measured at fair value on a non-recurring basis, as of December 31, 2014 and March 31, 2014 (in thousands). During the three months ended September 30, 2014 the following asset was determined to be no longer recoverable and was fully impaired. See note 14, “Minority Investments” for further details:
| Total |  |  | Quoted Prices in |  |  | Significant Other |  |  | Significant |
| Carrying |  |  | Active Markets |  |  | Observable Inputs |  |  | Unobservable Inputs |
| Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in unconsolidated entity – Blade Dynamics | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
March 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in unconsolidated entity – Blade Dynamics | $ | 3,690 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,690 |

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration