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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
 3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows From Operating Activities    
Net loss $ (1,715,000) $ (477,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 0 1,000
Stock-based compensation 155,000 0
Changes in operating assets and liabilities:    
Prepaid expenses (374,000) (99,000)
Accounts payable and accrued expenses 296,000 246,000
Net Cash Used in Operating Activities (1,638,000) (329,000)
Cash Flows From Investing Activities    
Purchases of property and equipment (1,000) 0
Net Cash Used in Investing Activities (1,000) 0
Cash Flows From Financing Activities    
Advances from Former Parent 0 553,000
Repayment of Former Parent advances (530,000) 0
Payment of deferred offering costs 0 (509,000)
Proceeds from issuance of common stock and warrants less issuance costs 865,000 [1] 0
Investment from Former Parent 0 242,000
Net Cash Provided by Financing Activities 335,000 286,000
Net Decrease In Cash (1,304,000) (43,000)
Cash - Beginning 15,571,000 96,000
Cash - Ending $ 14,267,000 $ 53,000
[1] Gross proceeds of initial public offering of $1,117,000 less $252,000 of offering costs, of which $89,000 was withheld from the proceeds and $163,000 was paid in cash that was previously accrued.