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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Income tax provision (benefit)

(Benefit from) provision of income taxes consists of the following:

		For The Years Ended March 31,
		2017			2016
Current:
Federal		$	(81,614)		$	(9,979)
State			(6,069)			66,678
			(87,683)			56,699
Deferred:
Federal			25,598			(81,277)
State			14,590			(46,459)
			40,188			(127,736)
Benefit from income taxes		$	(47,495)		$	(71,037)

Deferred tax assets (liabilities)

Deferred tax assets (liabilities) consist of the following:

		For The Years Ended March 31,
		2017			2016
Deferred tax assets (liabilities):
State taxes		$	5,718		$	15,114
Stock options			3,127,225			2,617,037
Accrued payroll and related costs			-			16,222
Accrued hospital pool deficit			25,747			329,430
Net operating loss carryforward			7,640,802			4,754,165
Property and equipment			42,623			1,588
Acquired intangible assets			113,171			65,748
Other			518,403			527,095
Net deferred tax assets before valuation allowance			11,473,689			8,326,399
Valuation allowance			(11,557,356)			(8,369,878)
Net deferred tax liabilities		$	(83,667)		$	(43,479)

Provision for income taxes

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

		For The Years Ended March 31,
		2017				2016
Tax provision at U.S. Federal statutory rates			34.0	%			34.0	%
State income taxes net of federal benefit			(0.1)	%			(0.3)	%
Nondeductible permanent items			0.7	%			(0.7)	%
Nontaxable entities			0.3	%			5.4	%
Other			(3.4)	%			1.9	%
Change in valuation allowance			(31.0)	%			(39.4)	%
Effective income tax rate			0.5	%			0.9	%

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- References

No definition available.

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- Definition

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
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

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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
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

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- Definition

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
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

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