Quarterly report pursuant to Section 13 or 15(d)

PREFERRED SHARES SUBJECT TO MANDATORY REDEMPTION (Tables)

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PREFERRED SHARES SUBJECT TO MANDATORY REDEMPTION (Tables)
9 Months Ended
Dec. 31, 2015
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Market value of stock on purchase date $ 3.75     to   $ 7.10  
Risk-free interest rate   . 26%     to     1.42%  
Dividend yield         0.00%        
Volatility factor   116%     to     161%  
Weighted average expected life (years)         2        
Schedule of Stockholders Equity [Table Text Block]
Common stock $ 414,036  
Warrant   367,164  
Total proceeds $ 781,200