11 COMMITMENTS AND CONTINGENCIES

3 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

11 COMMITMENTS AND CONTINGENCIES

11.   COMMITMENTS AND CONTINGENCIES

Operating Lease

The Company's principal facility is located in Princeton, New Jersey. The Company also leases office space in various locations with expiration dates between 2015 and 2018. The lease agreements often include leasehold improvement incentives, escalating lease payments, renewal provisions and other provisions which require the Company to pay taxes, insurance, maintenance costs or defined rent increases. All of Company's leases are accounted for as operating leases. Rent expense is recorded over the lease terms on a straight-line basis. Rent expense was $10,812 and $3,312 for the three months ended June 30, 2015 and 2014.The increase is due to additional office spaces that was added due to acquisition of Linear Logics Corp.

The Company has entered into an operating lease for its office facility expiring through July 2017. The future minimum rental payments under these lease agreements are as follows:

Years ending March 31,	(In Thousands)
2016	$	60
2017		60
2018		20
Total	$	140