Earnings Per Share (EPS) (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2015

Mar. 31, 2015

Net loss per share:

Calculation of basic and diluted net loss per common share

The following table represents the calculation of basic and diluted net loss per common share:

	Three Months Ended June 30,
	2015			2014
Net loss	$	(1,345	)	$	(1,248	)
Basic and diluted:
Weighted-average common shares outstanding		10,485			2,032
Weighted-average common shares used in per share computation		10,485			2,032
Net loss per share
Basic and diluted	$	(0.13	)	$	(0.61	)

The following table represents the calculation of basic and diluted net income (loss) per common share (in thousands, except per share data):

	Year Ended March 31,
	2015			2014
Loss from continuing operations	$	(5,164	)	$	(3,469	)
Net income from discontinued operations, net of taxes		-			155
Net loss applicable to common stockholders	$	(5,164	)	$	(3,314	)
Basic and diluted:
Weighted-average common shares outstanding		3,387			1,965
Weighted-average common shares used in per share computation		3,387			1,965
Net loss per share from continuing operations:
Basic and diluted	$	(1.52	)	$	(1.77	)
Net income per share from discontinued operations:
Basic and diluted	$	-		$	0.08
Net loss per share:
Basic and diluted	$	(1.52	)	$	(1.69	)

Schedule of antidilutive securities excluded from computation of earnings per share

The following shares of common stock equivalents were excluded from the computation of diluted earnings per share for the three months ended June 30, 2015 and 2014 because including them would have been anti-dilutive.

	June 30, 2015		June 30, 2014
Outstanding Options		610,619		383,427
Outstanding RSUs		23,921		152,631
		634,540		536,058
Warrants - Sequel		-		92,888
Warrants S-3 (June 2014)		27,405		27,405
Warrants - S-1		4,256,000		-
Warrants - underwriters		186,066		-
Shares Excluded from EPS calculation		5,104,011		656,351

The following shares of common stock equivalents and warrants were excluded from the computation of diluted earnings per share for the years March 31, 2015 and 2014 because including them would have been anti-dilutive.

	March 31, 2015		March 31, 2014
Outstanding Options		665,058		371,759
Outstanding RSUs		23,921		129,050
		688,979		500,809
Warrants - Sequel		-		92,888
Warrants S-3 (June 2014)		27,405		-
Warrants - S-1		4,256,000		-
Warrants - underwriters		186,066		-
Shares Excluded from EPS calculation		5,158,450		593,697

Schedule of warrants outstanding to purchase the Company's stock

At June 30, 2015, the Company had the following warrants outstanding to purchase the Company’s stock:

Issue Date	Outstanding Warrants		Exercise Price		Maturity Date
6/24/2014		27,405	$	2.50	6/24/2020
2/25/2015		4,256,000	$	1.18	2/25/2020
2/25/2015		115,200	$	1.56	2/18/2020
3/2/2015		70,866	$	1.59	2/25/2020
		4,469,471