DERIVATIVE LIABILITY (Tables)
|
1 Months Ended |
5 Months Ended |
9 Months Ended |
Apr. 24, 2014
|
May 01, 2014
|
Aug. 20, 2014
|
Aug. 21, 2014
|
Dec. 31, 2014
|
Schedule of Share-based Payment Award, Warrant Liabilities, Valuation Assumptions [Table Text Block] |
|
|
Conversion feature
|
|
Stock price |
$ |
0.3275
|
|
Term (Years) |
|
Less than
1
|
|
Volatility |
|
331%
|
|
Exercise prices |
$ |
0.43
|
|
Dividend yield |
|
0%
|
|
|
|
|
Issuance Warrants
|
|
|
Placement agent Warrants
|
|
Stock price |
$ |
0.15
|
|
$ |
0.15
|
|
Term (Years) |
|
5
|
|
|
5
|
|
Volatility |
|
306%
|
|
|
306%
|
|
Exercise prices |
$ |
0.15
|
|
$ |
0.1875
|
|
Dividend yield |
|
0%
|
|
|
0%
|
|
|
|
|
New Warrants
|
|
Stock price |
$ |
0.12
|
|
Term (Years) |
|
5
|
|
Volatility |
|
247%
|
|
Exercise prices |
$ |
0.125
|
|
Dividend yield |
|
0%
|
|
|
|
|
Existing Warrants
|
|
Stock price |
$ |
0.17
|
|
Term (Years) |
|
5
|
|
Volatility |
|
247%
|
|
Exercise prices |
$ |
0.10
|
|
Dividend yield |
|
0%
|
|
|
|
|
Warrants (including placement agent)
|
|
Stock price |
$ |
0.1081
|
|
Term (Years) |
|
4
to
5
|
|
Volatility |
|
162%
|
|
Exercise prices |
$ |
0.55
to
0.125
|
|
Dividend yield |
|
0%
|
|
|
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
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|
|
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|
Fair Value Measurement at May 1, 2014
|
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|
|
Carrying
|
|
|
|
|
|
|
|
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|
Value at
|
|
|
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|
|
|
|
|
|
|
|
|
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 August 21, 2014
|
|
|
|
Carrying
|
|
|
|
|
|
|
|
|
|
|
|
|
Value at
|
|
|
|
|
|
|
|
|
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|
|
|
August 21, 2014
|
|
|
Level 1
|
|
|
Level 2
|
|
|
Level 3
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative warrant liability |
$ |
149,687
|
|
$ |
-
|
|
$ |
-
|
|
$ |
149,687
|
|
|
|
|
|
|
|
Fair Value Measurement at December 31, 2014
|
|
|
|
Carrying
|
|
|
|
|
|
|
|
|
|
|
|
|
Value at
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
|
Level 1
|
|
|
Level 2
|
|
|
Level 3
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative convertible debt liability |
$ |
-
|
|
$ |
-
|
|
$ |
-
|
|
$ |
-
|
|
Derivative warrant liability
convertible preferred stock
|
$ |
129,956
|
|
$ |
-
|
|
$ |
-
|
|
$ |
129,956
|
|
Derivative warrants liability on
common stock issuance including
placement agent warrants
|
$ |
13,527
|
|
$ |
-
|
|
$ |
-
|
|
$ |
13,527
|
|
Total derivative liability |
$ |
143,483
|
|
$ |
-
|
|
$ |
-
|
|
$ |
143,483
|
|
|
Schedule of Derivative Liabilities at Fair Value [Table Text Block] |
|
|
|
|
|
|
Nine Months
|
|
|
|
Ended
|
|
|
|
December 31, 2014
|
|
Derivative liability at March 31, 2014 |
$ |
337,988
|
|
Redemption of convertible preferred stock |
|
(56,098
|
) |
Warrants issued May 1, 2014 |
|
216,236
|
|
Placement agent warrants May 1, 2014 |
|
23,787
|
|
Exercise of Warrants August 21, 2014 |
|
(168,273
|
) |
Issuance of warrants August 21, 2014 |
|
167,395
|
|
Change in derivative liability – mark to market |
|
(377,552
|
) |
Derivative liability at December 31, 2014 |
$ |
143,483
|
|
|