INTANGIBLE ASSETS (Tables)

12 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

As of March 31, 2016 and 2015, the following costs were recorded as intangible assets on the Company’s balance sheet:

 

	2016 (Audited)		2015 (Audited and Restated)
Intangible assets at beginning of fiscal year
Patent application costs	$	334,457	$	302,602
ANDA acquisitions		6,047,317		6,047,317
Less: Accumulated Amortization		—		—
Net Intangible Assets at beginning of fiscal year	$	6,381,774	$	6,349,919
Intangible asset costs capitalized during the fiscal year
Patent application costs	$	30,025	$	31,855
ANDA acquisition costs		—		—
Total cost of intangible assets capitalized	$	30,025	$	31,855
Intangible assets at end of fiscal year
Patent application costs	$	364,482	$	334,457
ANDA acquisition costs		6,047,317		6,047,317
Less: Accumulated Amortization		—		—
Net Intangible Assets	$	6,411,799	$	6,381,774