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Income Tax Provision (Tables)
9 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Summary of Deferred Taxes

Deferred taxes in the accompanying Condensed Statement of Net Assets in Liquidation at December 31, 2015 are comprised of the following components:

 

Deferred tax assets:

  

Reserves for expected costs of liquidation

   $ 8,806   

Net operating and capital loss carryovers

     110,797   
  

 

 

 

Gross deferred tax assets

     119,603   

Less: Valuation allowance

     (119,135
  

 

 

 

Deferred tax asset, net of valuation allowance

     468   

Deferred tax liabilities:

  

Accrued investment income

     (468
  

 

 

 

Gross deferred tax liabilities

     (468
  

 

 

 

Net deferred taxes

   $ —