Derivative Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2013

Derivative Financial Instruments

Schedule of significant assumptions used to estimate fair value of the warrants

The fair value of the warrants at June 30, 2013 was estimated using the Black-Scholes pricing model based on the following significant assumptions:

Expected Term	0.36 years
Volatility*	105.93%
Risk-Free Rate	0.06%
Dividend Yield	—

*The Company’s estimates of expected volatility are based on the historic volatility of the Company’s common stock as well as the historic volatility of the Company’s peers due to the limited availability of historical trading information on the Company itself.