Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.3.1.900
DERIVATIVE LIABILITY (Tables)
1 Months Ended 9 Months Ended
Mar. 31, 2015
Aug. 21, 2014
Aug. 20, 2014
May. 01, 2014
Apr. 24, 2014
Dec. 31, 2015
Schedule of Share-based Payment Award, Warrant Liabilities, Valuation Assumptions [Table Text Block]
    Warrants  
    (including placement agent)  
Stock price $ 5.40  
Term (Years)   4 to 5  
Volatility   148%  
Exercise prices $ 27.50 to 6.25  
Dividend yield   0%  
    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 $ 6.25  
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 $ 16.375  
Term (Years)   Less than 1  
Volatility   331%  
Exercise prices $ 21.50  
Dividend yield   0%  
    Warrants
(including placement agent)
 
Stock price $ 1.41  
Term (Years)   4 to 5  
Volatility   119%  
Exercise prices $ 27.50 to 3.50  
Dividend yield   0%  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
          Fair Value Measurement at March 31, 2015  
    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  
 
          Fair Value Measurement at December 31, 2015  
    Carrying                    
    Value at                    
    December 31, 2015     Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative convertible debt liability $   -   $   -   $   -   $   -  
Derivative warrant liability convertible preferred stock $ -   $ -   $ -   $ -  
Derivative warrants liability on common stock issuance including placement agent warrants $ 7,747   $ -   $ -   $ 7,747  
Total derivative liability $ 7,747   $   -   $   -   $ 7,747  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]          
       
    Nine Months  
    Ended   
    December 31, 2015  
Derivative liability at March 31, 2015 $ 194,940  
Warrants exercised   (139,829 )
Change in derivative liability – mark to market   (47,364 )
Derivative liability at December 31, 2015 $ 7,747