6. Commitments and Contingencies |
6 Months Ended |
|---|---|
Sep. 30, 2015 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| 6. Commitments and Contingencies |
Legal Matters
The Company, on occasion, may be involved in legal matters arising in the ordinary course of its business including matters involving proprietary technology. While management believes that such matters are currently insignificant, matters arising in the ordinary course of business for which the Company is or could become involved in litigation may have a material adverse effect on its business, financial condition or results of operations.
Employment Agreements
As of September 30, 2015, the Company had employment agreements in place with four of its key executives. The agreements provide, among other things, for the payment of nine to twenty-four months of severance compensation for terminations under certain circumstances. With respect to these agreements, at September 30, 2015, potential severance amounted to $1,097,000 and aggregated annual salaries amounted to $944,000. |