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DERIVATIVE LIABILITIES - WARRANTS (Tables)
12 Months Ended
Mar. 31, 2016
Derivative Liabilities Warrants Disclosure [Abstract]  
Schedule Of Warrants Activity [Table Text Block]
A summary of warrant activity for the fiscal years indicated below is as follows:
 
 
 
Fiscal Year 2016
 
Fiscal Year 2015
 
 
 
Warrant 
Shares
 
Weighted 
Average 
Exercise 
Price
 
Warrant 
Shares
 
Weighted 
Average 
Exercise 
Price
 
Balance at beginning of year
 
 
89,870,034
 
$
0.06
 
 
102,143,091
 
$
0.06
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant exercises, forfeited or expired
 
 
48,283,968
 
$
0.06
 
 
12,273,057
 
$
0.07
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
 
41,586,066
 
$
0.06
 
 
89,870,034
 
$
0.06
 
Schedule Of Warrants Valuation Assumptions [Table Text Block]
The portion of derivative liabilities related to outstanding warrants was valued using the Black-Scholes option valuation model, a level 3 fair value hierarchy using the following assumptions:
 
 
 
March 31
 
March 31
 
March 31
 
 
 
2016
 
2015
 
2014
 
Risk-Free interest rate
 
 
0.18% - 0.73%
 
 
0.05% - 0.89%
 
 
0.05% - 1.32%
 
Expected volatility
 
 
52% - 81%
 
 
93% - 113%
 
 
111% - 207%
 
Expected life (in years)
 
 
0.2 – 2.1
 
 
1.2 – 3.1
 
 
0.3 - 4.1
 
Expected dividend yield
 
 
0%
 
 
0%
 
 
0%
 
Number of warrants
 
 
41,586,066
 
 
89,870,034
 
 
102,143,093
 
 
 
 
 
 
 
 
 
 
 
 
Fair value – Warrant Derivative Liability
 
 
$10,368,567
 
 
$17,762,573
 
 
$38,103,446
 
 
 
 
 
 
 
 
 
 
 
 
Change in warrant derivative liability for the twelve months ended
 
 
$7,394,006
 
 
$(18,447,573)
 
 
$32,997,869
 
Schedule Of Warrants Measurement With Unobservable Inputs Reconciliation Recurring Basis [Table Text Block]
The following table summarizes, as of March 31, 2016, 2015 and 2014, the warrant activity subject to Level 3 inputs which are measured on a recurring basis:
 
Fair value measurements of warrants using significant unobservable inputs (Level 3)
 
 
 
March 31
 
 
March 31
 
March 31
 
 
 
2016
 
 
2015
 
2014
 
Balance at Beginning of Fiscal Year
 
$
17,762,573
 
 
$
38,103,446
 
$
7,862,848
 
Warrants Exercised
 
 
(14,788,012)
 
 
 
(2,578,300)
 
 
(2,757,271)
 
Change in fair value of warrant liability
 
 
7,394,006
 
 
 
(18,447,573)
 
 
32,997,869
 
Balance at End of Fiscal Year
 
$
10,368,567
 
 
$
17,762,573
 
$
38,103,446