Earnings Per Share (EPS) (Tables)

12 Months Ended

Mar. 31, 2015

Earnings Per Share (EPS) [Abstract]

Calculation of basic and diluted net income (loss) per common share

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 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