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DERIVATIVE INSTRUMENTS (Tables)
6 Months Ended 12 Months Ended
Sep. 30, 2013
Mar. 31, 2013
DERIVATIVE INSTRUMENTS    
Fair Value of Warrants
 

 
 
1 Year
 
2 Year
   
3 Year
   
4 Year
   
5 Year
 
                           
August 6, 2012
129%
 
178%
   
218%
   
252%
   
281%
 
                           
September 30, 2012
127%
 
173%
   
211%
   
244%
   
272%
 
                           
March 31, 2013
122%
 
167%
   
205%
   
236%
   
264%
 
                           
September 30, 2013
110%
 
168%
   
202%
   
233%
   
261%
 

 
     Fair Value Measurement Using Level 3 Inputs
    Derivative warrants         
   
Assets (Liability)
   
Total
 
             
Balance, August 6, 2012
  $ (411,805 )   $ (411,805 )
                 
Total gains or losses (realized/unrealized) included in:
               
                 
Net income (loss)
    231,521       231,521  
                 
Other comprehensive income (loss)
    -       -  
                 
Purchases, issuances and settlements
    -       -  
                 
Transfers in and/or out of Level 3
    -       -  
                 
Balance, August 6, 2012
    (180,284 )     (180,284 )
                 
Total gains or losses (realized/unrealized) included in:
               
                 
Net income (loss)
    (305,829 )     (305,829 )
                 
Other comprehensive income (loss)
    -       -  
                 
Purchases, issuances and settlements
    -       -  
                 
Transfers in and/or out of Level 3
    -       -  
                 
Balance, March 31, 2013
  $ (486,113 )   $ (486,113 )

Warrant Activities

    Fair Value Measurement Using Level 3 Inputs  
   
Derivative warrants
Assets (Liability)
   
Total
 
             
Balance, August 6, 2012
  $ (411,805 )   $ (411,805 )
                 
Total gains or losses (realized/unrealized) included in:
               
                 
Net income (loss)
    231,521       231,521  
                 
Other comprehensive income (loss)
    -       -  
                 
Purchases, issuances and settlements
    -       -  
                 
Transfers in and/or out of Level 3
    -       -  
                 
Balance, August 6, 2012
    (180,284 )     (180,284 )
                 
Total gains or losses (realized/unrealized) included in:
               
                 
Net income (loss)
    (305,829 )     (305,829 )
                 
Other comprehensive income (loss)
    -       -  
                 
Purchases, issuances and settlements
    -       -  
                 
Transfers in and/or out of Level 3
    -       -  
                 
Balance, March 31, 2013
    (486,113 )     (486,113 )
                 
Total gains or losses (realized/unrealized) included in:
               
                 
Net income (loss)
    76,760       76,760  
                 
Other comprehensive income (loss)
    -       -  
                 
Purchases, issuances and settlements
    (106,360 )     (106,360 )
                 
Transfers in and/or out of Level 3
    -       -  
                 
Balance, September 30, 2013
  $ (456,513 )   $ (456,513 )

 
 


   
2012 Warrant Activities
 
APIC
 
(Gain) Loss
 
   
Derivative
Shares
 
Non-derivative
Shares
 
Total Warrant
Shares
 
Fair Value of
Derivative
Warrants
 
Reclassification
of Derivative
Liability
 
Change in
Fair Value of
Derivative
Liability
 
                                       
Derivative warrant at August 6, 2012
   
1,152,000
   
-
   
1,152,000
   
(411,805
) 
 
-
   
-
 
                                       
Mark to market
                     
231,521
         
(231,521
)
                                       
Derivative warrant at September 30, 2012
   
1,152,000
   
-
   
1,152,000
   
(180,284
)
       
(231,521
)
                                       
Mark to market
                     
(73,723
)
       
(73,723
)
                                       
Derivative warrant at December 31, 2012
   
1,152,000
   
-
   
1,152,000
   
(106,561
)
       
(305,244
)
                                       
Reset of warrant shares
   
1,799,424
                               
                                       
Mark to market
                     
(379,552
)
       
379,552
 
                                       
Derivative warrant at March 31, 2013
   
2,951,424
   
-
   
2,951,424
   
(486,113
)
       
74,308
 

Summary Of The Warrant Activities

   
Number of
Warrant Shares
   
Exercise Price
Range
Per Share
   
Weighted Average
Exercise Price
   
Fair Value at
Date of Issuance
   
Aggregate
Intrinsic
Value
 
                               
Balance, March 31, 2013
    5,233,177     $ 0.20     $ 0.20       620,325     $ -  
                                         
Issuance of warrant shares Pursuant to Section 3(b) Subsequent Equity Sales
    737,856       0.20       0.20               -  
                                         
Granted
    5,713,918       0.20 - 0.25       0.23       106,360       -  
 
Canceled
    -       -       -               -  
                                         
Exercised
    (2,732,799       0.20       -               -  
                                         
Expired
    -       -       -               -  
                                         
Balance, September 30, 2013
    8,952,152     $ 0.20 - 0.25     $ 0.23       726,685     $ -  
                                         
Earned and exercisable, September 30, 2013
    8,952,152     $ 0.20 - 0.25     $ 0.23       726,685     $ -  
                                         
Unvested, September 30, 2013
    -     $ -     $ -       -     $ -  


    Number of     Exercise Price      Weighted Average     Fair Value at Date     Aggregate  
   
Warrant Shares
   
Range Per Share
   
Exercise Price
   
of Issuance
   
Intrinsic Value
 
                               
Balance, March 31, 2012
    -     $ -     $ -     $ -     $ -  
                                         
Granted
    5,233,177       0.25       0.25       620,350       -  
                                         
Canceled
    -       -       -               -  
                                         
Exercised
    -       -       -               -  
                                         
Expired
    -       -       -               -  
                                         
Balance, March 31, 2013
    5,233,177     $ 0.25     $ 0.25     $ 620,350     $ -  
                                         
Earned and exercisable, March 31, 2013
    5,233,177     $ 0.25     $ 0.25     $ 620,350     $ -  
                                         
Unvested, March 31, 2013
    -     $ -     $ -     $ -     $ -  

Warrants Outstanding

     
Warrants Outstanding
 
Warrants Exercisable
 
Range of Exercise Prices
   
Number
Outstanding
 
Average
Remaining
Contractual
Life  (in years)
 
Weighted
Average
Exercise Price
 
Number
Exercisable
 
Average
Remaining
Contractual
Life (in years)
 
Weighted
Average
Exercise Price
 
                                   
$ 0.20 - 0.25      
8,952,152
 
4.56
 
$
0.23
 
8,952,152
 
4.56
 
$
0.23
 
                                     
$ 0.20 - 0.25      
8,952,152
 
4.56
 
$
0.23
 
8,952,152
 
4.56
 
$
0.23
 


   
Warrants Outstanding
 
Warrants Exercisable
 
Range of Exercise Prices
 
Number
Outstanding
 
Average Remaining
Contractual Life
(in years)
 
Weighted Average Exercise Price
 
Number
Exercisable
 
Average Remaining Contractual Life
(in years)
 
Weighted Average Exercise Price
 
                                       
$0.25
   
5,233,177
   
3.73
 
$
0.25
   
5,233,177
   
3.73
 
$
0.25
 
                                       
$0.25
   
5,233,177
   
3.73
 
$
0.25
   
5,233,177
   
3.73
 
$
0.25