|9 Months Ended|
Dec. 31, 2018
|Subsequent Events [Abstract]|
As previously disclosed, the Company has been in discussions with the staff of the SEC to settle the previously disclosed internal control over financial reporting matter. On January 29, 2019, in resolution of the matter, the Commission accepted the Company’s offer of settlement, pursuant to which the Company consented to an order by the SEC that the Company pay a $100 civil money penalty, and cease and desist from causing any violations or future violations of Section 13(B)(2)(b) of the Securities Exchange Act of 1934 and Rule 13-15(a) thereunder, which generally relate to devising and maintaining sufficient internal accounting controls and disclosure controls and procedures, respectively.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef