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FAIR VALUE MEASUREMENT
9 Months Ended
Dec. 31, 2014
FAIR VALUE MEASUREMENT  
FAIR VALUE MEASUREMENT

6.FAIR VALUE MEASUREMENT

 

The Company maintains all of its cash on deposit at financial institutions. As such, there were no cash equivalents on the Company’s balance sheets as of December 31, 2014 or March 31, 2014. The Company’s financial assets and liabilities measured at fair value on a recurring basis consist of accounts receivable, receivable from the sale of the MDMS Business, and accounts payable and accrued liabilities and their carrying amounts approximate fair value due to their short term nature. There were no financial or nonfinancial assets or liabilities that required recognition or disclosure at fair value on a nonrecurring basis in the Company’s balance sheets as of December 31, 2014 or March 31, 2014.