FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Sep. 30, 2018

Schedule of Changes in the Fair value of Level 3 valuation for Warrant liability

The table presented below is a summary of changes in the fair value of the Company’s Level 3 valuations for the warrant liability for the six months ended September 30, 2018 (in thousands):


	Warrant liability
Balance, March 31, 2018	$	272
Issuances		2,784
Settlements		(176	)
Changes in fair value		164

Balance, September 30, 2018	$	3,044

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The carrying value and fair value of the financial liabilities were primarily comprised of the following as of September 30, 2018 and March 31, 2018 (in thousands):


	As of
	September 30, 2018				March 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
Long term debt: (1)
TCW Term Loan	$	105,849	$	105,849	$	90,424	$	90,424
PNC Credit Facility		22,002		22,002		33,107		27,323

Total long-term debt	$	127,851	$	127,851	$	123,531	$	117,747

(1)	Fair value based on outstanding borrowings and market interest rates (level 2)