Annual report pursuant to Section 13 and 15(d)

DERIVATIVE LIABILITY (Tables)

v3.2.0.727
DERIVATIVE LIABILITY (Tables)
1 Months Ended 12 Months Ended
Aug. 31, 2014
Aug. 21, 2014
Aug. 20, 2014
May. 31, 2014
Apr. 30, 2014
Mar. 31, 2015
Schedule of Share-based Payment Award, Warrant Liabilities, Valuation Assumptions [Table Text Block]  
    Existing Warrants  
Stock price $ 0.17  
Term (Years)   5  
Volatility   247%  
Exercise prices $ 0.10  
Dividend yield   0%  
    New Warrants  
Stock price $ 0.12  
Term (Years)   5  
Volatility   247%  
Exercise prices $ 0.125  
Dividend yield   0%  
          Placement Agent  
    Issuance Warrants     Warrants  
Stock price $ 0.15   $ 0.15  
Term (Years)   5     5  
Volatility   306%     306%  
Exercise prices $ 0.15   $ 0.1875  
Dividend yield   0%     0%  
    Conversion feature  
Stock price $ 0 .3275  
Term (Years)   Less than 1  
Volatility   331%  
Exercise prices $ 0.43  
Dividend yield   0%  
    Warrants (including placement agent)  
Stock price $ 0.1081  
Term (Years)   4 to 5  
Volatility   148%  
Exercise prices $ 0.55 to 0.125  
Dividend yield   0%  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
          Fair Value Measurement at December 31, 2014  
    Carrying                    
    Value at                    
    March 31, 2015     Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative convertible debt liability $   -   $   -   $   -   $   -  
Derivative warrant liability
      convertible preferred stock
$ 176,486   $   -   $   -   $ 176,486  
Derivative warrants liability on
      common stock issuance including
      placement agent warrants
$ 18,454   $   -   $   -   $ 18,454  
Total derivative liability $ 194,940   $   -   $   -   $ 194,940  
   
          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  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]          
    Year  
    Ended  
    March 31, 2015  
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 )
Insurance of warrants August 21, 2014   167,395  
Change in derivative liability-mark to market   (326,095)  
Derivative liability at March 31, 2015 $ 194,940