Quarterly report pursuant to Section 13 or 15(d)

12. Subsequent Events

12. Subsequent Events
9 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events

Pursuant to an At-the-Market Issuance Sales Agreement with MLV & Co. LLC dated April 2, 2014, the Company may issue and sell shares of common stock having an aggregate offering price of up to $9,159,000 from time to time through MLV acting as the Company’s sales agent. Subsequent to December 31, 2015, the Company sold 177,258 shares of common stock for gross proceeds of $209,000 and net proceeds of $202,000 after deducting commissions and other offering expenses.