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Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 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 September 30, 2016 and March 31, 2016 (in thousands):
 
Total
Carrying
Value
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
September 30, 2016:
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
14,077

 
$
14,077

 
$

 
$

Derivative liabilities:
 
 
 
 
 
 
 
Warrants
$
2,660

 
$

 
$

 
$
2,660

 
Total
Carrying
Value
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
March 31, 2016:
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
16,040

 
$
16,040

 
$

 
$

Derivative liabilities:
 
 
 
 
 
 
 
Warrants
$
3,227

 
$

 
$

 
$
3,227

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, 2016
$
3,227

Mark to market adjustment
(567
)
Balance at September 30, 2016
$
2,660

 
Warrants
April 1, 2015
$
2,999

Mark to market adjustment
228

Balance at March 31, 2016
$
3,227