Credit Facility	6 Months Ended
Sep. 30, 2014
Credit Facility
Credit Facility	5.Credit Facility In October 2008, we entered into a $19.5 million credit facility with California Bank & Trust (“CB&T”). This credit facility provided for a two-year revolving line of credit with borrowings of up to $12.0 million and a $7.5 million 48-month term note. In September 2010, we entered into a modification agreement with CB&T to extend the expiration date of our revolving line of credit to October 1, 2012. We repaid in full all principal and accrued interest under the term note in September 2012. The term note did not contain any early termination fees or prepayment penalties. In September 2012, we entered into a second modification agreement with CB&T to extend the expiration date of our revolving line of credit to October 1, 2014. In September 2014, we entered into a third modification agreement with CB&T to extend the expiration date of our revolving line of credit to December 1, 2014. We are currently negotiating the terms of our line of credit and we expect to extend our line of credit beyond December 1, 2014. Interest on borrowed amounts under the revolving line of credit is payable monthly at a rate equal to the current stated prime rate (3.25% at September 30, 2014) up to the current stated prime rate plus 0.25%, depending on aggregate deposit balances maintained at CB&T in relation to the total loan commitment under the credit facility. We are obligated to pay an unused line fee of 0.25% per annum applied to the average unused portion of the revolving line of credit during the preceding month. The revolving line of credit does not contain any early termination fees and is secured by substantially all of our assets. As of September 30, 2014 and March 31, 2014, no amounts were outstanding under the credit facility with CB&T. Availability under this line of credit may be reduced or otherwise limited as a result of our obligations to comply with certain financial and other covenants. As of September 30, 2014, we were not in compliance with all such covenants due to the Company not filing its annual report on Form 10-K for the fiscal year ended March 31, 2014 (“Fiscal 2014”) and its quarterly report on Form 10-Q for the three month period ended June 30, 2014 with the Securities and Exchange Commission within the required deadlines. We obtained a waiver of compliance on certain covenants from CB&T, including our delinquent Form 10-K and Form 10-Q filing. Our waiver of compliance is effective through December 1, 2014.

5.Credit Facility

In October 2008, we entered into a $19.5 million credit facility with California Bank & Trust (“CB&T”). This credit facility provided for a two-year revolving line of credit with borrowings of up to $12.0 million and a $7.5 million 48-month term note. In September 2010, we entered into a modification agreement with CB&T to extend the expiration date of our revolving line of credit to October 1, 2012. We repaid in full all principal and accrued interest under the term note in September 2012. The term note did not contain any early termination fees or prepayment penalties.

In September 2012, we entered into a second modification agreement with CB&T to extend the expiration date of our revolving line of credit to October 1, 2014. In September 2014, we entered into a third modification agreement with CB&T to extend the expiration date of our revolving line of credit to December 1, 2014. We are currently negotiating the terms of our line of credit and we expect to extend our line of credit beyond December 1, 2014. Interest on borrowed amounts under the revolving line of credit is payable monthly at a rate equal to the current stated prime rate (3.25% at September 30, 2014) up to the current stated prime rate plus 0.25%, depending on aggregate deposit balances maintained at CB&T in relation to the total loan commitment under the credit facility. We are obligated to pay an unused line fee of 0.25% per annum applied to the average unused portion of the revolving line of credit during the preceding month. The revolving line of credit does not contain any early termination fees and is secured by substantially all of our assets.

As of September 30, 2014 and March 31, 2014, no amounts were outstanding under the credit facility with CB&T. Availability under this line of credit may be reduced or otherwise limited as a result of our obligations to comply with certain financial and other covenants. As of September 30, 2014, we were not in compliance with all such covenants due to the Company not filing its annual report on Form 10-K for the fiscal year ended March 31, 2014 (“Fiscal 2014”) and its quarterly report on Form 10-Q for the three month period ended June 30, 2014 with the Securities and Exchange Commission within the required deadlines. We obtained a waiver of compliance on certain covenants from CB&T, including our delinquent Form 10-K and Form 10-Q filing. Our waiver of compliance is effective through December 1, 2014.