5. EQUITY TRANSACTIONS (Tables)

12 Months Ended

Mar. 31, 2018

Equity [Abstract]

Assumptions used for warrants granted

	Fiscal Year Ended
	March 31, 2018
Risk free interest rate	1.38% - 1.92%
Average expected life	5 years
Expected volatility	100.2% - 111.1%
Expected dividends	None

Summary of warrant activity

	Fiscal Year Ended March 31,
	2019					2018
	Warrants			Weighted Average Exercise Price		Warrants			Weighted Average Exercise Price
Outstanding, beginning of year		5,922,571		$	1.80		2,604,096		$	3.64
Granted		–			N/A		5,618,182		$	1.10
Exercised		(283,300	)	$	1.10		(2,160,350	)	$	1.10
Cancelled/Forfeited		(494,396	)	$	2.84		(139,357	)	$	6.52
Outstanding, end of year		5,144,875		$	1.80		5,922,571		$	1.80
Exercisable, end of year		5,144,875		$	1.80		5,922,571		$	1.80
Weighted average estimated fair value of warrants granted					N/A				$	0.71

Summary of warrant activity exercisable and outstanding

	Warrants Outstanding				Warrants Exercisable
Range of Exercise Prices	Number Outstanding	Weighted Average Remaining Life (Years)		Weighted Average Exercise Price	Number Outstanding		Weighted Average Exercise Price
$2.10 or Below	3,174,532	3.58	$	1.10	3,174,532	$	1.10
$3.95 - $4.94	1,377,087	2.59	$	4.06	1,377,087	$	4.06
$5.20 - $12.05	593,256	1.30	$	6.62	593,256	$	6.62
	5,144,875				5,144,875

RSU's expected to vest

	Number of RSUs
Vested		46,125
Expected to vest		138,375
Total		184,500

Summary of stock options outstanding

	Fiscal Year Ended March 31,
	2019					2018
	Options			Weighted Average Exercise Price		Options			Weighted Average Exercise Price
Outstanding, beginning of year		415,047		$	9.67		388,047		$	10.23
Granted		552,625		$	1.25		34,500		$	1.68
Exercised		–			N/A		–			N/A
Cancelled/Forfeited		(81,000	)	$	16.55		(7,500	)	$	1.68
Outstanding, end of year		886,672		$	3.79		415,047		$	9.67
Exercisable, end of year		316,047		$	8.36		388,047		$	10.23
Weighted average estimated fair value of options granted				$	1.10				$	1.46

Detail of options outstanding and exercisable by exercise price

	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding	Weighted Average Remaining Life (Years)		Weighted Average Exercise Price	Number Outstanding		Weighted Average Exercise Price
$1.25 - $1.68	579,625	9.68 years	$	1.27	9,000	$	1.68
$3.80 - $9.50	184,047	4.82 years	$	5.93	184,047	$	5.93
$12.50	123,000	1.76 years	$	12.50	123,000	$	12.50
	886,672				316,047

Schedule of stock-based compensation

	Fiscal Year Ended
	March 31, 2019		March 31, 2018
Vesting of restricted stock units	$	1,262,794	$	1,212,794
Vesting of stock options		56,207		47,975
Total Stock-Based Compensation	$	1,319,001	$	1,260,769