XML 34 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Estimated Fair Values of Liabilities Measured on Recurring Basis

The estimated fair values of the liabilities measured on a recurring basis are as follows:

 

 

 

Fair Value Measurements at March 31, 2017 and 2016 (in thousands):

 

 

 

Balance at

March 31,

2017

 

 

Quoted

Prices in

Active

Markets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Other

Unobservable

Inputs

(Level 3)

 

Warrant liability

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

March 31,

2016

 

 

Quoted

Prices in

Active

Markets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Other

Unobservable

Inputs

(Level 3)

 

Warrant liability

 

$

4

 

 

$

 

 

$

 

 

$

4

 

 

Activity for Liabilities Measured at Estimated Fair Value Using Unobservable Inputs

The following table presents the activity for liabilities measured at estimated fair value using unobservable inputs for the years ended March 31, 2017 and 2016:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

 

 

 

Warrant

Derivative

Liability

(in thousands)

 

Balance at March 31, 2015

 

$

126

 

Issuances

 

$

 

Adjustments to estimated fair value

 

$

17

 

Warrant liability removal due to settlements

 

$

(139

)

Balance at March 31, 2016

 

$

4

 

Issuances

 

$

 

Adjustments to estimated fair value

 

$

(4

)

Warrant liability removal due to settlements

 

$

 

Balance at March 31, 2017

 

$