Stockholders' Equity (Tables)

9 Months Ended

Dec. 28, 2012

Warrants Outstanding and Exercisable

At December 28, 2012, the Company had the following warrants outstanding and exercisable which could be exchanged into shares of Class A Common Stock:

	Shares (000’s)		Exercise Price
2007 Warrants		0	$	1.7900
2010 Warrants		267	$	1.4040
Total		267

At March 31, 2012, the Company had the following warrants outstanding and exercisable which could be exchanged into shares of Class A Common Stock:

	Shares (000’s)		Exercise Price
2007 Warrants		630	$	1.7900
2010 Warrants		267	$	1.4040
Total		897

Assumptions Used to Estimate Fair Value of Warrants

The fair value of the warrants was estimated using the Monte Carlo option pricing model using the following assumptions:

	December 28, 2012		December 30, 2011
Expected term (in years)		2.9		3.9
Volatility		63.3%		72.20%
Expected dividend		--		--
Risk-free interest rate		0.35%		2.0%

Activity in Level Three Warrants

The following chart represents the activity in the Company’s Level 3 warrant liability during the nine months ended December 28, 2012 and year ended March 31, 2012.

	For Periods Ended
	Nine Months Ended December 28, 2012			Year Ended March 31, 2012
Level 3 Warrants, beginning of period	$	26,000		$	732,000
Change in fair value of warrant liability		(26,000	)		(706,000	)
Level 3 Warrants, end of period	$	-		$	26,000