Share-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2015

Share-Based Compensation

Schedule of stock options granted

	Grant Date	Number of Options	Exercise Price		Fair Value Price		Vesting Terms	Assumptions used in Black-Scholes option pricing model
Employees	April 13, 2015	487,500	$	1.04	$	15.00	Over 4.0 years	Volatility	75.00%
								Risk free interest rate	1.55%
								Expected term, in years	6.25
								Dividend yield	0.00
Consultants	April 13, 2015	40,000	$	1.04	$	15.00	Over 4.0 years	Volatility	101%
								Risk free interest rate	2.35%
								Remaining expected term, in years	9.79
								Dividend yield	0.00
Directors and Employees	June 22, 2015	190,473	$	20.09	$	20.09	Over 3.0 - 4.0 years	Volatility	85.5%
								Risk free interest rate	1.89%
								Expected term, in years	6.0 – 6.25
								Dividend yield	0.00

Schedule of stock option activity

	Number of Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Options outstanding at March 31, 2015	4,012,500		$	0.90	$	15.00	9.96	$	56,576,250
Granted	717,973		6.09		16.65
Exercised	—		—
Forfeited	—		—
Cancelled	—		—
Options outstanding at June 30, 2015	4,730,473		$	1.69	$	15.59	9.74	$	69,643,037
Options exercisable at June 30, 2015		4,615,000	$	1.23	$	15.48	9.73	$	67,946,480