Annual report pursuant to Section 13 and 15(d)

OPTIONS AND WARRANTS (Tables)

v3.8.0.1
OPTIONS AND WARRANTS (Tables)
12 Months Ended
Mar. 31, 2018
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, 2016   4,653,400   $ 0.92     8.2  
Granted   -     -     7.8  
Exercised   (485,000 )   0.52     -  
Expired/Forfeited   (192,000 )   0.52     -  
Outstanding at March 31, 2017   4,145,800     0.92     7.7  
Granted   1,790,000     1.29     9.1  
Exercised   (181,000 )   0.52     9.7  
Expired/Forfeited   3,320,800     0.55     6.9  
Outstanding at March 31, 2018   2,434,000     1.09     8.0  
Exercisable at March 31, 2018   1,105,900     0.84     8.4  
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
          Weighted-  
    Number     Average  
    of Warrants     Exercise Price  
Outstanding at March 31, 2016   4,988,116   $ 1.39  
   Granted   -     -  
   Exercised   (600,000 )   0.50  
   Cancelled or Expired   (195,200 )   1.50  
Outstanding at March 31, 2017   4,192,916     0.79  
   Granted   3,900,000     0.50  
   Exercised   (3,900,000 )   0.50  
   Cancelled or Expired   (162,858 )   4.71  
Outstanding at March 31, 2018   4,030,059     0.79  
Warrants exercisable at March 31, 2018   3,900,000     0.60  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
  Number of Weighted-Average
  Warrants Remaining Contractual
Exercise Price Outstanding Life in Years
$27.50 2,326 0.8
9.375 19,067 2.1
7.50 6,667 1.7
5.00 102,000 0.8
0.60 3,900,000 1.4
Schedule of Share-based Payment Award, Warrants, 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