XML 48 R34.htm IDEA: XBRL DOCUMENT v3.5.0.1
Commitments, Contingencies, Guarantees and Indemnifications (Tables)
12 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of capital lease obligations

As of March 31, 2016 and 2015, the following assets are under capital lease obligations and included in property and equipment: 

    March 31,  
    2016     2015  
             
Office equipment     4,500       4,500  
Accumulated depreciation     (3,400 )     (2,500 )
Net book value   $ 1,100     $ 2,000  
Schedule of amortization expense for assets recorded 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: 

    Capital  
Fiscal Years Ending March 31,   Leases  
2017   $ 1,200  
2018     100  
Future minimum lease payments     1,300  
Less imputed interest included in minimum lease payments     (200 )
         
Present value of minimum lease payments     1,100  
Less current portion     (1,100 )
         
Non-current capital lease obligation   $ -  
Schedule of future minimum payments under operating leases

At March 31, 2016, 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  
2017   $ 277,100  
2018     93,800  
    $ 370,900  
Schedule of future minimum principal payments related to long-term debt

At March 31, 2016, future minimum principal payments related to long-term debt were as follows: 

Fiscal Years Ending March 31,   Amount  
2017   $ 31,600  
2018     10,400  
2019     11,200  
Thereafter through June 2019     5,600  
         
    $ 58,800