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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Schedule Of Cash Equivalents And Marketable Securities
The following is a summary of cash equivalents and marketable securities:
 
As of June 30, 2014
 
 
 
 
Gross
 
Gross
 
Estimated
 
Cash and
 
Marketable
 
 
 
 
 
 
Unrealized
 
Unrealized
 
Fair
 
Cash
 
Securities
 
 
 
Cost
 
Gain
 
Loss
 
Value
 
Equivalents
 
(all current)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank demand deposits
 
$
5,665,999
 
$
-
 
$
-
 
$
5,665,999
 
$
5,665,999
 
$
-
 
Money market funds
 
 
96,424
 
 
-
 
 
-
 
 
96,424
 
 
96,424
 
 
-
 
Mutual funds
 
 
148,028
 
 
2,290
 
 
-
 
 
150,318
 
 
-
 
 
150,318
 
Equity securities
 
 
241,065
 
 
16,299
 
 
-
 
 
257,364
 
 
-
 
 
257,364
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
6,151,516
 
$
18,589
 
$
-
 
$
6,170,105
 
$
5,762,423
 
$
407,682
 
 
As of March 31, 2014
 
 
 
 
Gross
 
Gross
 
Estimated
 
Cash and
 
 
 
 
 
 
Unrealized
 
Unrealized
 
Fair
 
Cash
 
 
 
Cost
 
Gain
 
Loss
 
Value
 
Equivalents
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank demand deposits
 
$
6,831,478
 
 
 
 
 
 
 
$
6,831,478
 
$
6,831,478
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
6,831,478
 
$
-
 
$
-
 
$
6,831,478
 
$
6,831,478
 
Schedule of Medical Payables
Balance, beginning of period
 
$
552,561
 
 
 
 
 
 
Incurred health care costs:
 
 
 
 
Current year
 
 
377,708
 
 
 
 
 
 
Prior years
 
 
-
 
Total incurred health care costs
 
 
377,708
 
 
 
 
 
 
Assumed medical liabilities (see Note 3 )
 
 
421,157
 
 
 
 
 
 
Claims paid:
 
 
 
 
Current year
 
 
(199,809)
 
Prior years
 
 
-
 
Total claims paid
 
 
(199,809)
 
 
 
 
 
 
Accrual for net deficit from full risk capitation contracts
 
 
(14,222)
 
Balance, end of period
 
$
1,137,395
 
Fair Value Measurements, Recurring and Nonrecurring
The carrying amounts and fair values of the Company's financial instruments are presented below as of :
 
 
 
June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
 
 
 
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market currency funds
 
$
-
 
$
96,424
 
$
-
 
$
96,424
 
Mutual funds
 
 
-
 
 
150,318
 
 
-
 
 
150,318
 
Equity securities
 
 
257,364
 
 
-
 
 
-
 
 
257,364
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
257,364
 
$
246,742
 
$
-
 
$
504,106
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Warranty liability
 
$
-
 
$
-
 
$
2,384,629
 
$
2,384,629
 
Holdback liability
 
 
-
 
 
-
 
 
136,822
 
 
136,822
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
-
 
$
-
 
$
2,521,451
 
$
2,521,451
 
  
 
 
March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
 
 
 
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
-
 
$
-
 
$
2,354,624
 
$
2,354,624
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
-
 
$
-
 
$
2,354,624
 
$
2,354,624
 
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation
The following summarizes the activity of Level 3 inputs measured on a recurring basis for the three months ended June 30, 2014:
 
 
 
Fair Value
 
 
 
Measurements of
 
 
 
Unobservable
 
 
 
Inputs (Level 3)
 
 
 
 
 
 
Balance, beginning of period
 
$
2,354,624
 
Transfers in (out) of Level 3
 
 
-
 
Change in fair value of warrant liability
 
 
30,005
 
Holdback liability (see Note 3)
 
 
136,822
 
 
 
 
 
 
Balance, end of period
 
$
2,521,451
 
Basic and Diluted Earnings per Share
The following table sets forth the number of shares excluded from the computation of diluted earnings per share, as their inclusion would be anti-dilutive:
 
 
 
 
 
 
Three months ended June 30,
 
 
 
2014
 
2013
 
Incremental shares assumed issued on exercise of in the money options
 
 
4,090,915
 
 
4,849,986
 
Incremental shares assumed issued on exercise of in the money warrants
 
 
1,451,073
 
 
1,717,089
 
 
 
 
 
 
 
 
 
 
 
 
5,541,988
 
 
6,567,075