XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Capital Stock Transactions | 3 Months Ended
--- | ---
Jun. 30, 2017
Equity [Abstract] |
Capital Stock Transactions | Capital Stock Transactions Preferred Stock There are 2,000,000 shares of Series A Convertible Preferred Stock, $0.0001 par value per share (“Series A”), authorized and 100,000 shares issued and outstanding, which are currently convertible into 20,000 shares of common stock. The Series A holders are entitled to: (1) vote on an equal per share basis as common stock, (2) dividends paid to the common stock holders on an if-converted basis and (3) a liquidation preference equal to the greater of $10 per share of Series A (subject to adjustment) or such amount that would have been paid to the common stock holders on an if-converted basis. Common Stock and Warrants The following table provides activity for warrants issued and outstanding during the three months ended June 30, 2017:
|  | Number of Warrants Outstanding |  | Weighted-Average Exercise Price
Outstanding as of March 31, 2017 |  | 5,003,813 |  |  | 1.62 |
Issued |  | — |  |  | — |
Exercised |  | — |  |  | — |
Expired |  | (71,428 | ) |  | 3.50 |
Outstanding as of June 30, 2017 |  | 4,932,385 |  |  | 1.59 |
Restricted Stock Agreements From time to time, the Company enters into restricted stock agreements (“RSAs”) with certain employees, directors, and consultants. The RSAs have performance conditions, market conditions, time conditions, or a combination thereof. In some cases, once the stock vests, the individual is restricted from selling the shares of stock for a certain defined period, from three months to two years, depending on the terms of the RSA. As reported in our Current Reports on Form 8-K filed with the SEC on February 12, 2014 and June 25, 2014, the Company adopted a Board Member Equity Ownership Policy that supersedes any post-vesting lock-up in RSAs that are applicable to people covered by the policy, which includes the Company’s Board of Directors and Chief Executive Officer. Service and Time Condition RSAs Awards of restricted stock are grants of restricted stock that are issued at no cost to the recipient. The cost of these awards is determined using the fair market value of the Company’s common stock on the date of the grant. Compensation expense for restricted stock awards with a service condition is recognized on a straight-line basis over the requisite service period. With respect to time condition RSAs, the Company expensed $76 during the three months ended June 30, 2017, and $80 during three months ended June 30, 2016, respectively. The following is a summary of restricted stock awards and activities for all vesting conditions for the three months ended June 30, 2017:
|  | Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested restricted stock outstanding as of March 31, 2017 |  | 139,318 |  |  | 1.10 |
Granted |  | — |  |  | — |
Vested |  | (69,659 | ) |  | 1.10 |
Cancelled |  | — |  |  | — |
Unvested restricted stock outstanding as of June 30, 2017 |  | 69,659 |  |  | 1.10 |
All restricted shares, vested and unvested, cancellable and not cancelled, have been included in the outstanding shares as of June 30, 2017. At June 30, 2017, there was $27 of unrecognized stock-based compensation expense, net of estimated forfeitures, related to non-vested restricted stock awards expected to be recognized over a weighted-average period of approximately 0.08 years.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration