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Basis of Presentation Deferred Rent (Narrative) (Details) (USD $)
9 Months Ended
Dec. 31, 2012
Basis Of Presentation Deferred Rent Narrative Details  
April 2012 lease agreement terms

In April 2012, the Company entered into an 87-month lease agreement. Under the terms of the lease agreement:

  • the Company received a three month rent holiday from rental payments before;
  • base rent is $130,821 for the 15 months after the rent holiday; and
  • rent expense increases 3% each year thereafter.

The Company also received a $1.7 million allowance for tenant improvements.

 

 

 

Lease expiration date October 2019
Tenant improvement allowance $ 1,700,000
Deferred rent recorded in other accrued liabilities 100,000
Deferred rent recorded in other non-current liabilities $ 1,900,000