Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS EQUITY (Tables)

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STOCKHOLDERS EQUITY (Tables)
 12 Months Ended
Mar. 31, 2016
Schedule of Stockholders' Equity Note, Warrants or Rights, 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        
Schedules of Proceeds from Restricted Shares [Table Text Block]
Common stock $ 414,036  
Warrant   367,164  
Total proceeds $ 781,200