Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (EPS) (Tables)

Earnings Per Share (EPS) (Tables)

6 Months Ended

Sep. 30, 2015

Calculation of basic and diluted net loss per common share

The following table represents the calculation of basic and diluted net loss per common share:

	Three Months Ended						Six Months Ended
	September 30,						September 30,
	2015			2014			2015			2014

Net loss	$	(956	)	$	(1,016	)	$	(2,301	)	$	(2,264	)
Basic and diluted:
Weighted-average common shares outstanding		10,487			2,929			10,478			2,245
Weighted-average common shares used in per share computation		10,487			2,929			10,478			2,245

Net loss per share
Basic and diluted	$	(0.09	)	$	(0.35	)	$	(0.22	)	$	(1.01	)

Schedule of antidilutive securities excluded from computation of earnings per share

The following shares of common stock equivalents were excluded from the computation of diluted earnings per share for the three and six months ended September 30, 2015 and 2014 because including them would have been anti-dilutive.

	Sept 30, 2015		Sept 30, 2014

Outstanding Options		587,059		492,147
Outstanding RSUs		23,921		242,971
		610,980		735,118

Warrants - Sequel		-		92,888
Warrants S-3 (June 2014)		27,405		27,405
Warrants - S-1		4,256,000		-
Warrants - underwriters		186,066		-
Shares Excluded from EPS calculation		5,080,451		855,411

Schedule of warrants outstanding to purchase the Company's stock

At September 30, 2015, the Company had the following warrants outstanding to purchase the Company’s stock:

Issue Date	Outstanding Warrants		Exercise Price		Maturity Date

6/24/2014		27,405	$	2.50	6/24/2020
2/25/2015		4,256,000	$	1.18	2/25/2020
2/25/2015		115,200	$	1.56	2/18/2020
3/2/2015		70,866	$	1.59	2/25/2020
		4,469,471

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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