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Earnings Per Share (EPS)
 6 Months Ended
Sep. 30, 2015
Earnings Per Share (EPS) [Abstract]  
Earnings Per Share (EPS)
2.
Earnings Per Share (EPS):

Basic EPS is computed by dividing net income (loss) available to common stockholders (numerator) by the weighted-average number of common shares outstanding (denominator) for the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. The computation of diluted EPS uses the average market prices during the period.

Basic net loss per common share is computed using the weighted-average number of shares of common stock outstanding.

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

  Three Months Ended   Six Months Ended 
  
September 30,
  
September 30,
 
  
2015
  
2014
  
2015
  
2014
 
         
Net loss
 
$
(956
)
 
$
(1,016
)
 
$
(2,301
)
 
$
(2,264
)
Basic and diluted:
                
Weighted-average common shares outstanding
  
10,487
   
2,929
   
10,478
   
2,245
 
Weighted-average common shares used in per share computation
  
10,487
   
2,929
   
10,478
   
2,245
 
                 
Net loss per share
                
Basic and diluted
 
$
(0.09
)
 
$
(0.35
)
 
$
(0.22
)
 
$
(1.01
)
 
The following shares of common stock equivalents were excluded from the computation of diluted earnings per share for the three and six months ended September 30, 2015 and 2014 because including them would have been anti-dilutive.

  
Sept 30,
2015
  
Sept 30,
2014
 
     
Outstanding Options
  
587,059
   
492,147
 
Outstanding RSUs
  
23,921
   
242,971
 
   
610,980
   
735,118
 
         
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
  
5,080,451
   
855,411
 

The weighted-average exercise price per share of the excluded outstanding options and deferred RSUs was $6.50 and $6.70 on September 30, 2015 and 2014, respectively.

At September 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