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Subsequent Events

9 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

11. Subsequent Events

In February 2016, certain holders of the 9% Notes converted an aggregate of approximately $420,000 of outstanding principal and accrued interest into an aggregate of approximately 105,000 shares of the Company’s common stock.

In January 2016, Apollo Care Connect acquired certain assets from a third party entity. According to the asset purchase agreement, the Company agreed to issue 275,000 shares of common stock in exchange for the acquired assets, the seller paid the Company $200,000. The fair value of the common stock issued was determined to be approximately $1.5 million (based on the closing market price of the Company’s common stock on the measurement date).

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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