401(k) Employee Benefit Plan

9 Months Ended

Dec. 31, 2016

401(k) Employee Benefit Plan [Abstract]

401(k) Employee Benefit Plan

(13)  401(k) Employee Benefit Plan

We have established a 401(k) Savings Plan (“401K Plan”) under which eligible employees may contribute up to 15 percent of their compensation. Employees over the age of 18 are eligible immediately upon hire to participate in the 401K Plan. At the direction of the participants, contributions are invested in several investment options offered by the 401K Plan. We currently match 33 percent of participants’ contributions, subject to certain limitations. These matching contributions vest ratably over a three-year period. Matching contributions to the 401K Plan were $85,481,  $85,524 (unaudited), and $115,789, for the nine months ended December 31, 2016 and 2015 and fiscal year ended March 31, 2016, respectively.