18. Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of March 31, 2016 and March 31, 2015. As required by FASB ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

March 31, 2016	Level I			Level II			Level III			Total
Warrant Liability		$	-		$	-		$	1,136,203		$	1,136,203
Total Liabilities		$	-		$	-		$	1,136,203		$	1,136,203

March 31, 2015	Level I			Level II			Level III			Total
Warrant Liability		$	-		$	-		$	518,962		$	518,962
Total Liabilities		$	-		$	-		$	518,962		$	518,962

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table provides a summary of the changes in fair value of our Level 3 financial liabilities for the years ended March 31, 2016 and 2015 as well as the unrealized gains or losses included in income.

	March 31, 2016		March 31, 2015
Fair value, at beginning of period	$	518,962	$	354,309
New issuances		-		-
Change in fair value		617,241		164,653
Fair value, at end of period	$	1,136,203	$	518,962

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

Date of Warrant		Expiration Date		Number of Warrants		Exercise Price		Fair Market Value Per Share		Expected Volatility			Remaining Life in Years		Risk Free Interest Rate			Warrant Liability
	09-10-2010		09-10-2019		136,920	$	6.70	$	6.70		28.51	%		9		2.81	%	$	267,848
	09-10-2010		09-10-2015		10,416	$	6.70	$	6.70		28.51	%		5		1.59	%	$	13,808
	07-26-2012		09-10-2019		50,000	$	3.35	$	3.90		42.04	%		7		0.94	%	$	66,193
	07-26-2012		09-10-2019		20,000	$	3.35	$	3.90		42.04	%		7		0.94	%	$	26,477
	11-20-2012		09-10-2019		20,000	$	3.56	$	3.50		42.45	%		6.83		1.09	%	$	21,441
	02-14-2013		09-10-2019		20,000	$	3.58	$	3.80		41.72	%		6.58		1.43	%	$	23,714
	07-12-2013		09-10-2019		20,000	$	3.33	$	3.32		40.26	%		6.17		2.00	%	$	19,523
	08-12-2013		09-10-2019		20,000	$	3.69	$	3.69		40.20	%		6.08		2.01	%	$	21,587

Date of Warrant		Expiration Date		Number of Warrants		Exercise Price		Fair Market Value Per Share		Put Option Value		Market Price Option		Remaining Life in Years		Warrant Liability
	09-10-2010		09-10-2019		136,920	$	6.70	$	6.42	$	90,367	NA			4.45	$	68,460
	09-10-2010		09-10-2015		10,416	$	6.70	$	6.42	NA		NA			0.45	$	7,002	*
	07-26-2012		09-10-2019		50,000	$	3.35	$	6.42	$	30,000		153,500		4.45	$	153,500
	07-26-2012		09-10-2019		20,000	$	3.35	$	6.42	$	13,200		61,400		4.45	$	61,400
	11-20-2012		09-10-2019		20,000	$	3.56	$	6.42	$	13,200		57,200		4.45	$	57,200
	02-14-2013		09-10-2019		20,000	$	3.58	$	6.42	$	13,200		55,000		4.45	$	55,000
	07-12-2013		09-10-2019		20,000	$	3.33	$	6.42	$	13,200		61,800		4.45	$	61,800
	08-12-2013		09-10-2019		20,000	$	3.69	$	6.42	$	13,200		54,600		4.45	$	54,600

Date of Warrant		Expiration Date		Number of Warrants		Exercise Price		Fair Market Value Per Share		Put Option Value		Market Price Option		Remaining Life in Years		Warrant Liability
	09-10-2010		09-10-2019		136,920	$	6.70	$	4.31		542,203	NA			3.45	$	542,203
	07-26-2012		09-10-2019		50,000	$	3.35	$	4.31		198,000		48,000		3.45	$	198,000
	07-26-2012		09-10-2019		20,000	$	3.35	$	4.31		79,200		19,200		3.45	$	79,200
	11-20-2012		09-10-2019		20,000	$	3.56	$	4.31		79,200		15,000		3.45	$	79,200
	02-14-2013		09-10-2019		20,000	$	3.58	$	4.31		79,200		12,800		3.45	$	79,200
	07-12-2013		09-10-2019		20,000	$	3.33	$	4.31		79,200		19,600		3.45	$	79,200
08/12/2013			09-10-2019		20,000	$	3.69	$	4.31		79,200		12,400		3.45	$	79,200