Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2016

Schedule of Assets and Liabilities Carried at Fair Value on Recurring Basis

The following table provides the assets and liabilities carried at fair value on a recurring basis, measured as of June 30, 2016 and March 31, 2016 (in thousands):



	Total Carrying Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2016:
Assets:
Cash equivalents	$	17,061	$	17,061	$	—	$	—
Derivative liabilities:
Warrants	$	3,905	$	—	$	—	$	3,905



	Total Carrying Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 31, 2016:
Assets:
Cash equivalents	$	16,040	$	16,040	$	—	$	—
Derivative liabilities:
Warrants	$	3,227	$	—	$	—	$	3,227

Schedule of Liabilities Measured at Fair Value on Recurring Basis

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



	Warrants
April 1, 2016	$	3,227
Mark to market adjustment	678
Balance at June 30, 2016	$	3,905



	Warrants
April 1, 2015	$	2,999
Mark to market adjustment	228
Balance at March 31, 2016	$	3,227

Schedule of Fair Values, Assets and Liabilities Measured on Nonrecurring Basis

The following table provides the assets and liabilities measured at fair value on a non-recurring basis, as of June 30, 2015. During the three months ended June 30, 2015 the Company’s investment in Tres Amigas was determined to be no longer recoverable and was fully impaired. See note 13, “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)
June 30, 2015:
Assets:
Investment in unconsolidated entity - Tres Amigas	$	—	$	$	$	—