Quarterly report pursuant to Section 13 or 15(d)

OPTIONS AND WARRANTS (Tables)

v3.2.0.727
OPTIONS AND WARRANTS (Tables)
3 Months Ended
Jun. 30, 2015
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, 2014   6,000,000   $ 0.61     8.8  
Granted   17,352,000   $ 0.14     9.1  
Exercised   (182,000 ) $ 0.01     9.5  
Expired/Forfeited   (6,000,000 ) $   -     8.5  
Outstanding at March 31, 2015   17,170,000   $ 0.14     8.5  
Granted   -     -     -  
Exercised   -     -     -  
Expired/Forfeited   -   $   -     -  
Outstanding at June 30, 2015   17,170,000     0.14     7.7  
Exercisable at June 30, 2015   16,832,500   $ 0.14     8.5  
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
          Weighted-  
    Number     Average  
    of Warrants     Exercise Price  
Outstanding at March 31, 2014   8,310,415   $ 0.52  
   Granted   29,249,253     0.13  
   Exercised   (14,529,256 )   (0.31 )
   Cancelled   -     0.00  
Outstanding at March 31, 2015   23,030,412     0.14  
   Granted   7,582,858     0.10  
   Exercised   -     -  
   Cancelled   -     -  
Outstanding at June 30, 2015   30,613,270     0.13  
Warrants exercisable at June 30, 2015   28,896,530   $ 0.13  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
  STOCK WARRANTS OUTSTANDING AND EXERCISABLE
    Weighted-
    Average
  Number of Remaining
  Warrants Contractual
Exercise Price Outstanding Life in Years
$0.1000 10,966,118 2.2
$0.12500 14,529,255 3.7
$0.1875 953,333 3.8
$0.2500 2,325,582 1.7
$0.5500 116,279 .1
$0.6000 5,963 2.2
Schedule of Convertible Debt [Table Text Block]
Notes payable $ 11,899  
Intrinsic value of Conversion right Common stock   23,798  
Fair value of the warrant   14,303  
Total proceeds $ 50,000  
Schedule of Share-based Payment Award, Warrants, Valuation Assumptions [Table Text Block]
Market value of stock on purchase date $0.075 to $0.142
Risk-free interest rate .59% to .72%
Dividend yield   0.00%  
Volatility factor 121% to 121%
Weighted average expected life (years)   2