Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Schedule of Revenue by Major Customers by Reporting Segments

The Company had major payors that contributed the following percentage of net revenue:

	Three Months Ended June 30, 2016			Three Months Ended June 30, 2015
Governmental - Medicare/Medi-Cal		23.6	%		31.1	%
L.A Care		14.5	%		13.9	%
Allied Physicians		14.1	%		*
Health Net		*			12.4	%

* Represents less than 10%

Receivables from major payors amounted to the following percentage of total accounts receivable:

	June 30, 2016			March 31, 2016
Governmental - Medicare/Medi-Cal		33.4	%		39.3	%
Allied Physicians		21.3	%		15.8	%

Property, Plant and Equipment

Property and equipment consisted of the following as of:

	June 30, 2016		March 31, 2016
Website	$	4,568	$	4,568
Computers		189,682		166,043
Software		290,439		215,439
Machinery and equipment		389,330		351,090
Furniture and fixtures		118,027		114,127
Leasehold improvements		1,117,397		1,094,665
		2,109,443		1,945,932
Less accumulated depreciation and amortization		(767,459)		(697,959)
	$	1,341,984	$	1,247,973

Schedule Of Percentage Of Total Accounts Receivable

The Company’s medical liabilities were as follows:

	Three Months Ended June 30, 2016		Year Ended March 31, 2016
Balance, beginning of period	$	2,670,709	$	1,260,549
Incurred health care costs:
Current year		2,648,056		7,844,329
Claims paid:
Current year		(994,774)		(6,019,186)
Prior years		(1,634,291)		(1,159,909)
Total claims paid		(2,629,065)		(7,179,095)
Risk pool settlement		-		-
Accrual for net (deficit) surplus from full risk capitation contracts		(177,659)		803,981
Adjustments		-		(759,055)
Balance	$	2,512,041	$	2,670,709

Fair Value Measurements, Recurring and Nonrecurring

The carrying amounts and fair values of the Company's financial instruments are presented below as of:

 

June 30, 2016

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liability	$	-	$	-	$	1,988,889	$	1,998,889

March 31, 2016

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liability	$	-	$	-	$	2,811,111	$	2,811,111

Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation

The following summarizes the activity of Level 3 inputs measured on a recurring basis for the three months ended June 30, 2016:

			Conversion
	Warrant		Feature
	Liability		Liability		Total
Balance at March 31, 2015	$	2,144,496	$	442,358	$	2,586,854
Loss on change in fair value of warrant and conversion feature liability		164,124		49,594		213,718
Balance at June 30, 2015	$	2,308,620	$	491,952	$	2,800,572
Balance at March 31, 2016	$	2,811,111	$	-	$	2,811,111
Gain on change in fair value of warrant liability		(822,222)		-		(822,222)
Balance at June 30, 2016	$	1,988,889	$	-	$	1,988,889

Basic and Diluted Earnings per Share

The following table sets forth the number of shares excluded from the computation of diluted earnings per share, as their inclusion would be anti-dilutive:

	Three Months Ended June 30,
	2016		2015
Options		533,500		387,031
Warrants		199,500		19,251
Convertible Notes		-		50,967
		733,000		457,249