Capital Stock (Tables)

3 Months Ended

Jun. 30, 2014

Capital Stock Tables

Unit Warrant grants and allocation of Proceeds

Unit Warrants

Weighted Average Issuance Date Valuation Assumptions

Per Share

Aggregate

Aggregate

Aggregate Allocation of Proceeds

Warrant

Risk free

Fair

Fair Value

Proceeds

Based on Relative Fair Value of:

Shares

Market

Exercise

Term

Interest

Dividend

Value of

of Unit

of Unit

Unit

Issued

Price

Price

(Years)

Rate

Volatility

Rate

Warrant

Warrants

Sales

Unit Stock

Warrant

Unit Note

1,570,000

$0.53

$0.50

2.63

0.71%

76.06%

0.0%

$0.26

$410,600

$1,570,000

$463,600

$225,000

$881,400

Black-Scholes Option Pricing Model

Assumption:	Pre-modification		Post-modification
Market price per share	$	0.63	$	0.63
Exercise price per share	$	1.00	$	0.50
Risk-free interest rate		0.44%		0.62%
Remaining contractual term in years		2.17		2.59
Volatility		75.6%		76.6%
Dividend rate		0.0%		0.0%
Fair Value per share	$	0.19	$	0.33

Description of units

					Shares Subject to
Exercise			Weighted Average		Purchase at
Price		Expiration	Years to		June 30,
per Share		Date	Expiration		2014
$	0.50	12/31/2014 to 3/19/2019		2.93		9,541,983
$	0.64	3/3/2023		8.67		2,940,000
$	0.88	5/31/2015		0.92		15,428
$	1.00	7/30/2016 to 9/30/2017		3.18		3,526,886
$	1.25	12/31/2014 to 5/31/2015		0.55		50,280
$	1.50	11/4/2014 to 3/4/2018		2.2		2,353,052
$	2.00	9/15/2017		3.21		425,000
$	2.50	5/31/2015		0.92		42,443
$	2.625	1/31/2015		0.59		61,418
$	3.00	2/13/2016		1.62		25,000
				3.76		18,981,490