2. Liquidity and Financial Condition
|6 Months Ended|
Sep. 30, 2017
|Liquidity And Financial Condition|
|Liquidity and Financial Condition||
The Company reported a net loss of $6,378,000 for the six months ended September 30, 2017. At September 30, 2017 and March 31, 2017, the Company’s accumulated deficit amounted to $149,490,000 and $143,101,000, respectively. The Company had working capital of $13,992,000 and $19,355,000 as of September 30, 2017 and March 31, 2017, respectively. The Company expects to continue incurring losses for the foreseeable future and may need to raise additional capital to pursue its product development initiatives, penetrate markets for the sale of its products.
The Company currently anticipates that its cash and cash equivalents will be sufficient to meet its working capital requirements to continue its sales and marketing and research and development efforts for at least 12 months from the date of filing this report.
No definition available.
The entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern.
Reference 1: http://www.xbrl.org/2003/role/presentationRef