Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.5.0.2
DERIVATIVE LIABILITY (Tables)
 1 Months Ended 3 Months Ended 12 Months Ended
Aug. 21, 2014
Aug. 20, 2014
May 01, 2014
Apr. 24, 2014
Jun. 30, 2016
Mar. 31, 2016
Schedule of Share-based Payment Award, Warrant Liabilities, Valuation Assumptions [Table Text Block]
    Existing Warrants  
Stock price $ 8.50  
Term (Years)   5  
Volatility   247%  
Exercise prices $ 5.00  
Dividend yield   0%  
    New Warrants  
Stock price $ 6.00  
Term (Years)   5  
Volatility   247%  
Exercise prices $ 6.50  
Dividend yield   0%  
          Placement Agent     
    Issuance Warrants        Warrants     
Stock price $ 7.50   $ 7.50  
Term (Years)   5     5  
Volatility   306%     306%  
Exercise prices $ 7.50   $ 9.375  
Dividend yield   0%     0%  
    Conversion feature  
Stock price $ 16 .3275  
Term (Years)   Less than 1  
Volatility   331%  
Exercise prices $ 21.50  
Dividend yield   0%  
   
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
          Fair Value Measurement at August 21, 2014  
    Carrying                    
    Value at                    
    August 21, 2014     Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative warrant liability $ 149,687   $       -   $             -   $ 149,687  
 
          Fair Value Measurement at May 1, 2014  
    Carrying                    
    Value at                    
    May 1, 2014     Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative warrant liability $ 216,236   $   -   $   -   $ 216,236  
Derivative placement agent warrant liability $ 23,787   $   -   $   -   $ 23,787  
Total derivative liability $ 240,023   $   -   $   -   $ 240,023  
 
          Fair Value Measurement at June 30, 2016  
    Carrying                          
    Value at                        
    June 30, 2015     Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative convertible debt liability $   -   $   -   $   -   $   -  
Derivative warrant liability convertible preferred stock $ 4,457   $   -   $   -   $ 4,457  
Derivative warrants liability on common stock issuance including placement agent warrants $ 2,380   $   -   $   -   $ 2,380  
Total derivative liability $ 6,837   $   -   $   -   $ 6,837  
          Fair Value Measurement at March 31, 2016  
    Carrying                    
    Value at                    
    March 31, 2015      Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative convertible debt liability $   -   $   -   $   -   $   -  
Derivative warrant liability convertible preferred stock $ 8,291   $   -   $   -   $ 8,291  
Derivative warrants liability on common stock issuance including placement agent warrants $ 2,852   $   -   $   -   $ 2,852  
Total derivative liability $ 11,143   $   -   $   -   $ 11,143  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]        
    Three Months Ended  
    June 30, 2016  
Derivative liability at March 31, 2016 $ 11,143  
Change in derivative liability – mark to market   (4,306 )
Derivative liability at June 30, 2016 $ 6,837