Annual report pursuant to Section 13 and 15(d)

OPTIONS AND WARRANTS (Tables)

v3.7.0.1
OPTIONS AND WARRANTS (Tables)
12 Months Ended
Mar. 31, 2017
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
                Weighted-  
          Weighted-     Average  
          Average     Remaining  
    Number of     Exercise     Contractual  
    Shares     Price     Term (years)  
Outstanding at March 31, 2015   343,000   $ 7.00     8.5  
Granted   4,310,000     0.52     8.9  
Exercised   -     -     9.2  
Expired/Forfeited   -     -     8.2  
Outstanding at March 31, 2016   4,653,400     0.92     8.2  
Granted   -     -     7.8  
Exercised   (485,000 )   0.52     -  
Expired/Forfeited   (192,600 )   0.52     -  
Outstanding at March 31, 2017   4,145,800     0.92     7.7  
Exercisable at March 31, 2017   4,145,800     0.92     7.7  
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
2017 and changes during the period ended on that date:         Weighted-  
    Number     Average  
    of Warrants     Exercise Price  
Outstanding at March 31, 2015   460,608   $ 7.00  
   Granted   4,858,057     1.22  
   Exercised   (254,763 )   8.00  
   Cancelled or Expired   (75,780 )   6.00  
Outstanding at March 31, 2016   4,988,116     1.39  
   Granted   -     -  
   Exercised   (600,000 )   0.50  
   Cancelled or Expired   (195,200 )   1.50  
Outstanding at March 31, 2017   4,192,916     0.79  
Warrants exercisable at March 31, 2017   4,192,916     0.79  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
        Number of     Weighted-Average  
        Warrants     Remaining Contractual  
  Exercise Price     Outstanding     Life in Years  
$ 27.50     2,326     1.07  
  9.375     19,067     2.55  
  6.25     6,667     2.05  
  5.00     233,429     1.02  
  3.50     31,429     1.02  
  0.50     3,900,000     0.91  
Schedule of Share-based Payment Award, Warrants, Valuation Assumptions [Table Text Block]
Market value of stock on purchase date $3.75 to $7.10
Risk-free interest rate . 26% to 1.42%
Dividend yield   0.00%  
Volatility factor 116% to 161%
Weighted average expected life (years)   2