Description of Business and Basis of Presentation	6 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	Note 1. Description of Business and Basis of Presentation Description of Business The principal activity of Quotient Limited (the “Company”) and its subsidiaries (the “Group”) is the development, manufacture and sale of products for the global transfusion diagnostics market. Products manufactured by the Group are sold to hospitals, blood banking operations and other diagnostics companies worldwide. Basis of Presentation The condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and are unaudited. In accordance with those rules and regulations, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. The March 31, 2014 balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP. However, the Company believes that the disclosures are adequate to make the information presented not misleading. The financial statements should be read in conjunction with the audited consolidated financial statements at and for the year ended March 31, 2014 included in the Company’s Annual Report on Form 10-K for the year then ended. The results of operations for the quarter and the six months ended September 30, 2014 are not necessarily indicative of the results of operations that may be expected for the year ending March 31, 2015 and any future period. As of September 30, 2014, the Company had cash and cash equivalents of $17.1 million, including $0.3 million of cash held in a restricted account as part of the arrangements relating to the lease of the Company’s property in Eysins, Switzerland. The Company plans to continue investing in the development of MosaiQ™, including through increased expenditure on research and development associated with assay development, development of the MosaiQ™ instrument and converting and equipping the consumable manufacturing facility for MosaiQ™ in Eysins, Switzerland. During the remainder of the current fiscal year, the Company anticipates gross expenditure of approximately $30 million associated with the ongoing development of MosaiQ™, although this amount may change materially. To maintain the current rate of development for MosaiQ™, the Company will therefore need to obtain additional funding, both for the remainder of the current fiscal year and for the period thereafter until the Company is cash flow positive following the commercial launch of MosaiQ™. The Company intends to seek this additional funding from various potential financing sources, including from strategic partners or from the sale of new equity securities. The Company’s Directors are confident that additional funding can be secured and accordingly have prepared the condensed financial statements on the going concern basis. However, there can be no assurance that the Company will be able to obtain such additional funding on favorable terms or at all.

Note 1. Description of Business and Basis of Presentation

Description of Business

The principal activity of Quotient Limited (the “Company”) and its subsidiaries (the “Group”) is the development, manufacture and sale of products for the global transfusion diagnostics market. Products manufactured by the Group are sold to hospitals, blood banking operations and other diagnostics companies worldwide.

Basis of Presentation

The condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and are unaudited. In accordance with those rules and regulations, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements.

In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. The March 31, 2014 balance sheet was derived from audited financial statements, but does not include all disclosures required by GAAP. However, the Company believes that the disclosures are adequate to make the information presented not misleading. The financial statements should be read in conjunction with the audited consolidated financial statements at and for the year ended March 31, 2014 included in the Company’s Annual Report on Form 10-K for the year then ended. The results of operations for the quarter and the six months ended September 30, 2014 are not necessarily indicative of the results of operations that may be expected for the year ending March 31, 2015 and any future period.

As of September 30, 2014, the Company had cash and cash equivalents of $17.1 million, including $0.3 million of cash held in a restricted account as part of the arrangements relating to the lease of the Company’s property in Eysins, Switzerland.

The Company plans to continue investing in the development of MosaiQ™, including through increased expenditure on research and development associated with assay development, development of the MosaiQ™ instrument and converting and equipping the consumable manufacturing facility for MosaiQ™ in Eysins, Switzerland. During the remainder of the current fiscal year, the Company anticipates gross expenditure of approximately $30 million associated with the ongoing development of MosaiQ™, although this amount may change materially. To maintain the current rate of development for MosaiQ™, the Company will therefore need to obtain additional funding, both for the remainder of the current fiscal year and for the period thereafter until the Company is cash flow positive following the commercial launch of MosaiQ™. The Company intends to seek this additional funding from various potential financing sources, including from strategic partners or from the sale of new equity securities. The Company’s Directors are confident that additional funding can be secured and accordingly have prepared the condensed financial statements on the going concern basis. However, there can be no assurance that the Company will be able to obtain such additional funding on favorable terms or at all.