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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments
The Company had major payors that contributed the following percentage of net revenue:
 
 
 
 
For The Years Ended March 31,
 
 
 
 
2017
 
2016
 
 
 
 
 
 
 
 
Governmental - Medicare/Medi-Cal
 
 
18.8
%
 
29.8
%
L.A. Care
 
 
13.1
%
 
15.7
%
Allied Physicians
 
 
8.5
%
 
0.0
%
Health Net
 
 
6.8
%
 
9.9
%
  
Receivables from these payors amounted to the following percentage of accounts receivable before the allowance for doubtful accounts:
 
 
As of March 31,
 
 
 
2017
 
 
2016
 
 
 
 
 
 
Governmental - Medicare/Medi-Cal
 
 
20.5
%
 
 
39.3
%
Allied Physicians
 
 
12.8
%
 
 
15.8
%
Property, Plant and Equipment
Property and equipment consisted of the following:
 
 
 
As of March 31,
 
 
 
2017
 
2016
 
 
 
 
 
 
 
Website
 
$
4,568
 
$
4,568
 
Computers
 
 
287,570
 
 
166,043
 
Software
 
 
70,971
 
 
215,439
 
Machinery and equipment
 
 
141,977
 
 
351,090
 
Furniture and fixtures
 
 
183,130
 
 
114,127
 
Leasehold improvements
 
 
1,075,760
 
 
1,094,665
 
 
 
 
1,763,976
 
 
1,945,932
 
 
 
 
 
 
 
 
 
Less accumulated depreciation and amortization
 
 
(558,837)
 
 
(697,959)
 
 
 
 
 
 
 
 
 
 
 
$
1,205,139
 
$
1,247,973
 
Schedule Of Percentage Of Total Accounts Receivable
The Company’s medical liabilities were as follows:
 
 
 
For The Years Ended March 31,
 
 
 
2017
 
2016
 
Balance, beginning of year
 
$
2,670,709
 
$
1,260,549
 
Incurred health care costs:
 
 
 
 
 
 
 
Current year
 
 
10,365,502
 
 
7,844,329
 
Claims paid:
 
 
 
 
 
 
 
Current year
 
 
(8,524,215)
 
 
(6,019,186)
 
Prior years
 
 
(1,881,869)
 
 
(1,159,909)
 
Total claims paid
 
 
(10,406,084)
 
 
(7,179,095)
 
Risk pool settlement
 
 
814,733
 
 
-
 
Adjustment related to full risk capitation contracts
 
 
(1,676,629)
 
 
803,981
 
Adjustments
 
 
-
 
 
(59,055)
 
 
 
 
 
 
 
 
 
Balance, end of year
 
$
1,768,231
 
$
2,670,709
 
Fair Value Measurements, Recurring and Nonrecurring
The carrying amounts and fair values of the Company's financial instruments measured at fair value on a recurring basis are presented below as of March 31, 2016:
 
 
 
Fair Value Measurements
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
-
 
$
-
 
$
2,811,111
 
$
2,811,111
 
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation
The following summarizes the activity of Level 3 inputs measured on a recurring basis for the years ended March 31, 2017 and 2016:
 
 
 
 
 
Conversion
 
 
 
 
 
Warrant
 
Feature
 
 
 
 
 
Liability
 
Liability
 
Total
 
Balance at April 1, 2015
 
$
2,144,496
 
$
442,358
 
$
2,586,854
 
Warrant adjustments
 
 
(999,724)
 
 
-
 
 
(999,724)
 
Conversion of warrants and convertible note to common stock – NNA
 
 
(1,624,029)
 
 
(482,904)
 
 
(2,106,933)
 
Fair value of warrant issued – NMM
 
 
2,922,222
 
 
-
 
 
2,922,222
 
Change in fair value of warrant and conversion feature liability
 
 
368,146
 
 
40,546
 
 
408,692
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2016
 
 
2,811,111
 
 
-
 
 
2,811,111
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of warrant reclassified to equity
 
 
(1,177,778)
 
 
-
 
 
(1,177,778)
 
Change in fair value of warrant liability
 
 
(1,633,333)
 
 
-
 
 
(1,633,333)
 
Balance at March 31, 2017
 
$
-
 
$
-
 
$
-
 
Basic and Diluted Earnings per Share
The following table sets forth the number of shares excluded from the computation of diluted earnings per share, as their inclusion would be anti-dilutive:
 
 
 
As of March 31,
 
 
 
2017
 
2016
 
 
 
 
 
 
 
Preferred stock
 
 
1,666,666
 
 
1,666,666
 
Options
 
 
902,950
 
 
1,064,150
 
Warrants
 
 
138,500
 
 
2,091,166
 
Convertible notes
 
 
499,000
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
3,207,116
 
 
4,821,982