Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Carried at Fair Value

The following table provides the assets and liabilities carried at fair value, measured as of September 30, 2014 and March 31, 2014 (in thousands):

	Total		Quoted Prices in		Significant Other		Significant
	Carrying		Active Markets		Observable Inputs		Unobservable Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
September 30, 2014:
Assets:
Cash equivalents	$	20,185	$	20,185	$	-	$	-
Derivative liabilities:
Warrants	$	1,841	$	-	$	-	$	1,841
	Total		Quoted Prices in		Significant Other		Significant
	Carrying		Active Markets		Observable Inputs		Unobservable Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
March 31, 2014:
Assets:
Cash equivalents	$	17,675	$	17,675	$	-	$	-
Derivative liabilities:
Warrants	$	2,601	$	-	$	-	$	2,601

Schedule of Liabilities Measured at Fair Value

The table below reflects the activity for the Company’s major classes of liabilities measured at fair value (in thousands):

				Warrants
April  1, 2014				$	2,601
Mark to market adjustment					(760	)
Balance at September 30, 2014				$	1,841
	Derivative
	Liability			Warrants
April  1, 2013	$	529		$	3,633
Warrant issuance with Senior Secured Term Loan		-			315
Mark to market adjustment		(525	)		(1,347	)
Extinguishment of derivative liability		(4	)		-
Balance at March 31, 2014	$	-		$	2,601

Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

The following table provides the assets and liabilities measured at fair value on a non-recurring basis, as of September 30, 2014 and March 31, 2014 (in thousands).  During the three months ended September 30, 2014 the following asset was determined to be no longer recoverable and was fully impaired.  See note 14, “Minority Investments” for further details:

	Total		Quoted Prices in		Significant Other		Significant
	Carrying		Active Markets		Observable Inputs		Unobservable Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
September 30, 2014:
Assets:
Investment in unconsolidated entity – Blade Dynamics	$	-	$	-	$	-	$	-
March 31, 2014:
Assets:
Investment in unconsolidated entity – Blade Dynamics	$	3,690	$	-	$	-	$	3,690