6. SHARE CAPITAL

3 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

6. SHARE CAPITAL

The Company’s second amended and restated certificate of incorporation, has established the number of authorized shares of common stock of the Company as 15,000,000 and the number of authorized shares of preferred stock of the Company as 5,000,000.

Warrants Outstanding

At June 30, 2016, there were warrants to purchase an aggregate of 100,000 shares of common stock outstanding, all of which are fully exercisable, as detailed in the table below:

Number of Exercisable Warrants		Exercise Price (1)			Expiration Date
	100,000		$	6.25	October 24, 2017

(1) Exercise price may change subject to anti-dilutive terms.