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INVESTMENT IN NOVEL LABORATORIES INC.(Details Textual) - USD ($)
12 Months Ended
Jun. 10, 2014
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2006
Investment In Novel Laboratories Inc [Line Items]          
Proceeds from Divestiture of Interest in Joint Venture $ 5,000,000        
Cost Method Investments 3,329,322        
Gain on Sale of Investments $ 1,670,685 $ 0 $ 1,670,685 $ 0  
Novel Laboratories Inc [Member]          
Investment In Novel Laboratories Inc [Line Items]          
Noncontrolling Interest, Ownership Shares Held by Parent 9,800       9,800