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v2.4.1.9

CONSOLIDATED BALANCE SHEETS (USD $) | Mar. 31, 2015 | Mar. 31, 2014
--- | --- | ---
Current Assets: |  |
Cash | $ 10,357,000 us-gaap_Cash | $ 15,571,000 us-gaap_Cash
Prepaid expenses and other current assets | 166,000 us-gaap_PrepaidExpenseAndOtherAssetsCurrent | 3,000 us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total Current Assets | 10,523,000 us-gaap_AssetsCurrent | 15,574,000 us-gaap_AssetsCurrent
Property and equipment, net | 157,000 us-gaap_PropertyPlantAndEquipmentNet | 2,000 us-gaap_PropertyPlantAndEquipmentNet
Total Assets | 10,680,000 us-gaap_Assets | 15,576,000 us-gaap_Assets
Current Liabilities: |  |
Accounts payable and accrued expenses | 635,000 us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent | 410,000 us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Payable to Former Parent | 0 us-gaap_DueToRelatedPartiesCurrent | 537,000 us-gaap_DueToRelatedPartiesCurrent
Total Current Liabilities | 635,000 us-gaap_LiabilitiesCurrent | 947,000 us-gaap_LiabilitiesCurrent
Commitments and contingencies |  |
Stockholders' Equity: |  |
Preferred stock, $0.0001 par value; 500,000 shares authorized; no shares issued and outstanding at March 31, 2015 and 2014, respectively | 0 us-gaap_PreferredStockValue | 0 us-gaap_PreferredStockValue
Common stock, $0.0001 par value; 100,000,000 shares authorized; 4,804,290 and 4,650,000 shares issued and outstanding at March 31, 2015 and 2014, respectively | 480 us-gaap_CommonStockValue | 465 us-gaap_CommonStockValue
Additional paid-in capital | 20,404,520 us-gaap_AdditionalPaidInCapitalCommonStock | 18,297,535 us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit | (10,360,000)us-gaap_RetainedEarningsAccumulatedDeficit | (3,669,000)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity | 10,045,000 us-gaap_StockholdersEquity | 14,629,000 us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity | $ 10,680,000 us-gaap_LiabilitiesAndStockholdersEquity | $ 15,576,000 us-gaap_LiabilitiesAndStockholdersEquity

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- Definition Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 + Details
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