Subsequent Events

6 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

Note 6: Subsequent Events

Pursuant to a second amendment to the Purchase Agreement dated as of November 10, 2011, the Investor and the Company agreed that the remaining $1.4 million payment relating to the first milestone conditions, that was to have been paid on or before September 29, 2011, would instead be paid as follows: $700,000 on or before November 10, 2011; and $700,000 on or before December 15, 2011. The Company received the first $700,000 payment from the Investor under the second amendment on November 10, 2011, and the Company issued 2,800,000 shares of common stock to the Investor. Pursuant to the second amendment, the Investor also agreed to extend the outside date for achievement of the second set of milestones from December 31, 2011 to March 31, 2012. (See Note 1 for further information concerning the Financing.)