| Financial liabilities measured at fair value on a recurring basis |
Financial liabilities measured at
fair value on a recurring basis are summarized below:
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|
Fair Value Measurements at March 31, 2015 Using |
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| |
|
Total
March 31,
2015
|
|
|
Quoted
prices in active markets for identical assets
(Level 1)
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|
|
Significant
other observable inputs
(Level 2)
|
|
|
Significant
other unobservable inputs
(Level 3)
|
|
| Liabilities: |
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|
|
|
|
|
|
|
|
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|
|
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|
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|
| Derivative liabilities – warrants |
|
$ |
11,000 |
|
|
|
– |
|
|
|
– |
|
|
$ |
11,000 |
|
| |
|
Fair Value Measurements at March 31, 2014 Using |
|
| |
|
Total
March 31,
2014
|
|
|
Quoted
prices in active markets for identical assets
(Level 1)
|
|
|
Significant
other observable inputs
(Level 2)
|
|
|
Significant
other unobservable inputs
(Level 3)
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| Derivative liabilities – warrants |
|
$ |
3,175,000 |
|
|
|
– |
|
|
|
– |
|
|
$ |
3,175,000 |
|
|
| (Loss) earnings per share |
| |
|
For the Years Ended |
|
| |
|
March
31, |
|
| |
|
2015 |
|
|
2014 |
|
| Net
(loss) income available to common stockholders - basic |
|
$ |
(8,203,000 |
) |
|
$ |
3,735,000 |
|
| |
|
|
|
|
|
|
|
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| Denominator - basic: |
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|
|
|
|
|
|
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| Weighted average number
of common shares outstanding |
|
|
9,657,000 |
|
|
|
6,882,000 |
|
| Basic
(loss) earnings per common share |
|
$ |
(0.85 |
) |
|
$ |
0.54 |
|
| |
|
|
|
|
|
|
|
|
| Net (loss)
income available to common stockholders - diluted |
|
$ |
(8,203,000 |
) |
|
$ |
3,735,000 |
|
| Denominator - diluted: |
|
|
|
|
|
|
|
|
| Weighted average number
of common shares outstanding |
|
|
9,657,000 |
|
|
|
6,882,000 |
|
| Common share equivalents
of outstanding stock options |
|
|
– |
|
|
|
12,000 |
|
| Common share equivalents
of outstanding warrants |
|
|
– |
|
|
|
4,000 |
|
| Weighted average number
of common shares outstanding |
|
|
9,657,000 |
|
|
|
6,898,000 |
|
| Dilutive
(loss) earnings per common share |
|
$ |
(0.85 |
) |
|
$ |
0.54 |
|
| |
|
|
|
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| Securities excluded from the
weighted average dilutive common shares outstanding because their inclusion would have been anti-dilutive: |
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| Stock options |
|
|
2,877,000 |
|
|
|
1,122,000 |
|
| Warrants |
|
|
7,741,000 |
|
|
|
1,410,000 |
|
| |
|
|
10,618,000 |
|
|
|
2,532,000 |
|
|