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QUARTERLY FINANCIAL INFORMATION (Tables)
 12 Months Ended
Mar. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
The Company’s consolidated results of operations are shown below:
 
(In thousands, except per share data)
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
(restated)
 
First
Quarter
(restated)
 
Fiscal year ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
$
5,195
 
$
2,194
 
$
2,947
 
$
2,163
 
Costs of revenues
 
 
1,036
 
 
836
 
 
1,415
 
 
1,197
 
Gross Profit
 
 
4,159
 
 
1,358
 
 
1,532
 
 
966
 
Operating Expenses
 
 
3,588
 
 
4,071
 
 
5,299
 
 
3,373
 
Income (Loss) from Operations
 
 
571
 
 
(2,713)
 
 
(3,767)
 
 
(2,407)
 
Other income (expense)
 
 
7,408
 
 
(9,520)
 
 
2,086
 
 
7,139
 
Income tax (credit) expense
 
 
(520)
 
 
—
 
 
—
 
 
—
 
Net Income
 
 
8,499
 
 
(12,233)
 
 
(1,681)
 
 
4,732
 
Change in carrying value of convertible preferred mezzanine equity
 
 
14,142
 
 
(24,786)
 
 
(5,071)
 
 
6,429
 
Net income attributable to common shareholders
 
 
22,641
 
 
(37,019)
 
 
(6,753)
 
 
11,161
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share – basic
 
$
0.03
 
$
(0.05)
 
$
(0.01)
 
$
0.02
 
Earnings per share - Diluted
 
$
0.00
 
$
(0.05)
 
$
(0.01)
 
$
(0.00)
 
 
(In thousands, except per share data)
 
Fourth
Quarter
(restated)
 
Third
Quarter
(restated)
 
Second
Quarter
(restated)
 
First
Quarter
(restated)
 
Fiscal year ended March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
 
1,234
 
 
1,363
 
 
1,256
 
 
1,162
 
Costs of revenues
 
 
904
 
 
700
 
 
682
 
 
729
 
Gross Profit
 
 
331
 
 
663
 
 
575
 
 
433
 
Operating Expenses
 
 
5,788
 
 
3,221
 
 
4,636
 
 
4,864
 
Income (Loss) from Operations
 
 
(5,457)
 
 
(2,557)
 
 
(4,061)
 
 
(4,431)
 
Other income (expense)
 
 
(898)
 
 
9,974
 
 
10,310
 
 
2,338
 
Income tax (credit) expense
 
 
(3)
 
 
—
 
 
—
 
 
—
 
Net Income
 
 
(6,350)
 
 
7,417
 
 
6,248
 
 
(2,094)
 
Change in carrying value of convertible preferred mezzanine equity
 
 
(2,715)
 
 
13,600
 
 
15,132
 
 
(2,308)
 
Net income attributable to common shareholders
 
 
(9,065)
 
 
21,017
 
 
21,380
 
 
(4,402)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (Loss) per share – basic
 
$
(0.01)
 
$
0.03
 
$
0.04
 
$
(0.01)
 
Earnings (Loss) per share - diluted
 
$
(0.01)
 
$
(0.01)
 
$
(0.01)
 
$
(0.01)
 
 
(In thousands, except per share data)
 
Fourth
Quarter
(restated)
 
Third
Quarter
(restated)
 
Second
Quarter
(restated)
 
First
Quarter
(restated)
 
Fiscal year ended March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
 
1,028
 
 
1,693
 
 
1,159
 
 
722
 
Costs of revenues
 
 
1,046
 
 
995
 
 
617
 
 
579
 
Gross Profit
 
 
(18)
 
 
699
 
 
542
 
 
143
 
Operating Expenses
 
 
2,365
 
 
1,936
 
 
1,229
 
 
1,118
 
Income (Loss) from Operations
 
 
(2,384)
 
 
(1,237)
 
 
(687)
 
 
(976)
 
Other income (expense)
 
 
(31,652)
 
 
175
 
 
(6,887)
 
 
2,095
 
Income tax (credit) expense
 
 
(295)
 
 
—
 
 
2
 
 
—
 
Net Income
 
 
(33,741)
 
 
(1,061)
 
 
(7,576)
 
 
1,119
 
Change in carrying value of convertible preferred mezzanine equity
 
 
(53,056)
 
 
1
 
 
(2,061)
 
 
(197)
 
Net income attributable to common shareholders
 
 
(86,798)
 
 
(1,062)
 
 
(9,638)
 
 
922
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (Loss) per share – basic
 
$
(0.16)
 
$
(0.00)
 
$
(0.02)
 
$
0.00
 
Earnings (Loss) per share - diluted
 
$
(0.16)
 
$
(0.00)
 
$
(0.02)
 
$
(0.00)