3. Summary of Significant Accounting Policies (Details Narrative) (USD $)
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12 Months Ended | ||
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Mar. 31, 2015
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Mar. 31, 2014
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Mar. 31, 2013
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Long-term investment | $ 4,538,000us-gaap_LongTermInvestments | $ 10,150,000us-gaap_LongTermInvestments | |
Allowance for doubtful accounts | 20,000us-gaap_AllowanceForDoubtfulAccountsReceivable | 8,000us-gaap_AllowanceForDoubtfulAccountsReceivable | 22,000us-gaap_AllowanceForDoubtfulAccountsReceivable |
Allowance for sales discounts, rebates, distributor fees and returns | 183,000ocls_AllowanceForSalesDiscountsRebatesDistributorFeesAndReturns | ||
Inventory reserves | 87,000us-gaap_InventoryValuationReserves | 47,000us-gaap_InventoryValuationReserves | |
Research and development expenses | 1,533,000us-gaap_ResearchAndDevelopmentExpense | 2,887,000us-gaap_ResearchAndDevelopmentExpense | |
Advertising costs | 231,000us-gaap_MarketingExpense | 155,000us-gaap_MarketingExpense | |
Shipping and handling costs | 114,000us-gaap_ShippingHandlingAndTransportationCosts | 58,000us-gaap_ShippingHandlingAndTransportationCosts | |
Foreign currency transaction gain (loss) | (24,000)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax | 6,000us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax | |
Foreign currency translation adjustment | (438,000)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent | (78,000)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent | |
Accumulated other comprehensive loss | (3,507,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | (3,069,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | |
Ruthigen | |||
Long-term investment |
$ 4,538,000us-gaap_LongTermInvestments / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = ocls_RuthigenMember |
$ 10,150,000us-gaap_LongTermInvestments / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = ocls_RuthigenMember |
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Long-term investment, shares held |
1,650,000us-gaap_InvestmentOwnedBalanceShares / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = ocls_RuthigenMember |
2,000,000us-gaap_InvestmentOwnedBalanceShares / us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis = ocls_RuthigenMember |
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Accounts Receivable [Member] | One Customer | |||
Significant customer concentration |
56.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_ConcentrationRiskByBenchmarkAxis = us-gaap_AccountsReceivableMember / us-gaap_MajorCustomersAxis = ocls_CustomerOneMember |
44.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_ConcentrationRiskByBenchmarkAxis = us-gaap_AccountsReceivableMember / us-gaap_MajorCustomersAxis = ocls_CustomerOneMember |
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Accounts Receivable [Member] | Customer Two | |||
Significant customer concentration |
14.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_ConcentrationRiskByBenchmarkAxis = us-gaap_AccountsReceivableMember / us-gaap_MajorCustomersAxis = ocls_CustomerTwoMember |
15.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_ConcentrationRiskByBenchmarkAxis = us-gaap_AccountsReceivableMember / us-gaap_MajorCustomersAxis = ocls_CustomerTwoMember |
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Accounts Receivable [Member] | Third Customer | |||
Significant customer concentration |
12.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_ConcentrationRiskByBenchmarkAxis = us-gaap_AccountsReceivableMember / us-gaap_MajorCustomersAxis = ocls_CustomerThreeMember |
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Revenues [Member] | One Customer | |||
Significant customer concentration |
47.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_ConcentrationRiskByBenchmarkAxis = us-gaap_SalesMember / us-gaap_MajorCustomersAxis = ocls_CustomerOneMember |
38.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_ConcentrationRiskByBenchmarkAxis = us-gaap_SalesMember / us-gaap_MajorCustomersAxis = ocls_CustomerOneMember |
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Revenues [Member] | Customer Two | |||
Significant customer concentration |
23.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_ConcentrationRiskByBenchmarkAxis = us-gaap_SalesMember / us-gaap_MajorCustomersAxis = ocls_CustomerTwoMember |
X | ||||||||||
- Definition
Allowance for sales discounts, rebates, distributor fees and returns No definition available.
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X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of valuation reserve for inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Balance held at close of period in number of shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount before tax, after reclassification adjustments of gain (loss) on foreign currency translation adjustments, on foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Details
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