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Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Carried at Fair Value on Recurring Basis

The following table provides the assets and liabilities carried at fair value on a recurring basis, measured as of March 31, 2016 and 2015 (in thousands):

	Total				Quoted Prices in				Significant Other				Significant
	Carrying				Active Markets				Observable Inputs				Unobservable Inputs
	Value				(Level 1)				(Level 2)				(Level 3)
March 31, 2016:
Assets:
Cash equivalents	$	16,040			$	16,040			$	-			$	-
Derivative liabilities:
Warrants	$	3,227			$	-			$	-			$	3,227
	Total				Quoted Prices in				Significant Other				Significant
	Carrying				Active Markets				Observable Inputs				Unobservable Inputs
	Value				(Level 1)				(Level 2)				(Level 3)
March 31, 2015:
Assets:
Cash equivalents	$	12,519			$	12,519			$	-			$	-
Derivative liabilities:
Warrants	$	2,999			$	-			$	-			$	2,999

Schedule of Liabilities Measured at Fair Value on Recurring Basis

The table below reflects the activity for the Company’s major classes of liabilities measured at fair value on a recurring basis (in thousands):

			Warrants
April 1, 2015			$	2,999
Mark to market adjustment				228
Balance at March 31, 2016			$	3,227
			Warrants
April 1, 2014			$	2,601
Warrant issuance with equity offering				4,255
Warrant issuance with senior secured term loan				106
Mark to market adjustment				(3,963	)
Balance at March 31, 2015			$	2,999

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- References

No definition available.

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- 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

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- 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

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