Commitments, Contingencies, Guarantees and Indemnifications (Tables)

12 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Assets under capital lease obligations

As of March 31, 2015 and 2014, the following assets are under capital lease obligations and included in property and equipment:

	March 31,
	2015			2014
Laboratory equipment	$	-		$	19,000
Office equipment		4,500			4,500
		4,500			23,500
Accumulated depreciation		(2,500	)		(11,100	)
Net book value	$	2,000		$	12,400

Future minimum payments required under Capital Leases

Amortization expense for assets recorded under capital leases is included in depreciation expense.  Future minimum payments, by year and in the aggregate, required under capital leases are as follows:

Fiscal Years Ending March 31,	Capital Leases
2016	$	1,200
2017		1,200
2018		100
Future minimum lease payments		2,500
Less imputed interest included in minimum lease payments		(400	)
Present value of minimum lease payments		2,100
Less current portion		(1,000	)
Non-current capital lease obligation	$	1,100

At March 31, 2015, future minimum payments under operating leases relate to our facility lease in South San Francisco, California through July 31, 2017 and are as follows:

Fiscal Years Ending March 31,	Amount
2016		264,000
2017		277,100
2018		93,800
	$	634,900

Future minimum principal payments related to Long-Term Debt

Fiscal Years Ending March 31,	Amount
2016	$	2,185,700
2017		9,800
2018		10,500
2019		11,300
Thereafter through June 2019		4,000
	$	2,221,300