STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2016

Equity [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following table presents a summary of the assumptions used to estimate fair values of the stock options granted during Fiscal 2016, Fiscal 2015 and Fiscal 2014:

		Fiscal Year 2016			Fiscal Year 2015			Fiscal Year 2014
Exercise prices			$0.23 - $0.42			$0.27 - $0.46		$	0.07
Options Granted (shares)			360,000			2,590,000			3,000,000
Risk-free interest rate			2.1% - 2.2	%		2.2% - 2.8	%		2.5	%
Expected volatility			119% - 120	%		120% - 121	%		130	%
Expected dividend yield			0.0	%		0.0	%		0.0	%
Forfeiture rate			2.7	%		0.0	%		0.0	%
Expected term (in years)			10			10			10
Fair value of options granted	$		129,913		$	769,421		$	202,497
Non-cash compensation through issuance of stock options	$		333,363		$	260,045		$	82,947