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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Income tax provision (benefit)

Income tax provision (benefit) consists of the following:

					Two Months
		Year Ended			Ended			Year Ended
		March 31,			March 31,			January 31,
		2015			2014			2014
Current
Federal		$	147,945		$	-		$	-
State			67,769			2,866			19,513
			215,714			2,866			19,513
Deferred
Federal			(36,390)			3,855			-
State			(15,532)			1,099			-
			(51,922)			4,954			-
Provision for income taxes		$	163,792		$	7,820		$	19,513

Deferred tax assets (liabilities)

Deferred tax assets (liabilities) consist of the following:

		March 31, 2015			March 31, 2014			January 31, 2014
Current deferred tax assets:
State taxes - current			17,062			589			3,808
Stock options			2,177,276			1,675,822			1,649,986
Accrued payroll and related costs			1,529			1,529			1,529
Accrued hospital pool deficit			-			28,649			28,649
Other			65,920			-			-
Net current deferred tax assets before valuation allowance			2,261,787			1,706,589			1,683,972
Valuation Allowance			(2,234,631)			(1,706,589)			(1,683,972)
Net current deferred tax assets			27,156			-			-
									-
Noncurrent deferred tax (liabilities) assets:
Net operating loss carryforward			2,208,522			2,248,422			1,990,962
Property and equipment			(3,170)			-			-
Acquired intangible assets			(194,883)			(4,954)			-
Other			3,558			8,228			488,704
Net noncurrent deferred tax liabilities before valuation allowance			2,014,027			2,251,696			2,479,666
Valuation Allowance			(2,212,398)			(2,256,650)			(2,479,666)
Net noncurrent deferred tax liabilities			(198,371)			(4,954)			-
Net deferred tax liabilities		$	(171,215)		$	(4,954)		$	-

Provision for income taxes

The provision for income taxes differs from the amount computed by applying the federal income tax rate as follows:

		Year Ended			Two Months Ended			Year Ended
		March 31, 2015			March 31, 2014			January 31, 2014
Tax provision at U.S. Federal statutory rates			34.0	%		34.0	%		34.0	%
State income taxes net of federal benefit			(3.2)	%		(0.4)	%		(0.3)	%
Non-deductible permanent items			(5.9)	%		(0.1)	%		(0.1)	%
Non-taxable entities			(4.3)	%		0.3	%		-
Other			0.5	%		(0.1)	%		3.2	%
Change in valuation allowance			(34.9)	%		(34.8)	%		(37.2)	%
Effective income tax rate			(13.8)	%		(1.1)	%		(0.4)	%

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



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