Annual report pursuant to Section 13 and 15(d)

Description of Business and Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]  
Change in the fair value of warrants
The change in the fair value of warrants is as follows:
 
   
Year Ended March 31,
 
             
   
2013
   
2012
 
Balance at the beginning of the period
  $ 19     $ 26  
Change in fair value recorded in earnings, including expirations
    (9 )     (7 )
Balance at the end of the period
  $ 10       19  
 
Property and equipment estimated useful life
Property and equipment are recorded at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, ranging from three to seven years. Leasehold improvements are stated at cost and are amortized using the straight-line method over the shorter of the estimated useful life of the improvements or the lease term.  Significant additions and improvements are capitalized, while repairs and maintenance are charged to expense as incurred.   When assets are disposed of, the cost and related accumulated depreciation are removed from the accounts and the resulting gains or losses are included in the results of operations. The Company generally depreciates its assets over the following periods:

 
 
 
Years
 
Furniture and machinery and equipment
    7  
Computer and software
    3 – 5  
Leasehold improvements
   
5 or remaining lease life