Derivative Liabilities and Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value reconciliation

The table below provides a reconciliation of beginning and ending balances for the liabilities measured at fair value using significant unobservable inputs (Level 3):

	Warrants			Warrant Derivative			Total
Balance, March 31, 2014	$	(1,019,539	)	$	(378,502	)	$	(1,398,041	)
Net Change in Fair Value		591,926			(496,459	)		95,467
Balance at June 30, 2014	$	(427,613	)	$	(874,961	)	$	(1,302,574	)

Schedule of valuation techniques

The following table describes the valuation techniques used to calculate fair values for assets in Level 3. There were no changes in the valuation techniques during the quarter ended June 30, 2014.

	Fair Value at 06/30/2014		Valuation Technique		Unobservable Input		Range
Warrant Derivative and Warrant Down-round Protection Derivative (combined)	$	1,302,574		Binomial Option Pricing Model		Probability of common stock issuance at prices less than exercise prices stated in agreements		75	%
						Probability of reset provision being waived		5	%