v2.4.0.6
Stockholders' Equity (Tables)
3 Months Ended
Jun. 30, 2012
Stockholders Equity Note [Line Items]  
Schedule of Valuation Assumptions
         

Number of shares underlying the warrants

 

 

75,000

 

Exercise price

 

 

$3.15

 

Volatility

 

 

175

%

Risk-free interest rate

 

 

.74

%

Expected dividend yield

 

 

0.00

%

Expected warrant life (years)

 

 

3.00

 

Schedule of Re-measured Warrant Valuation Assmuptions
         

Number of shares underlying the warrants

 

 

18,750

 

Exercise price

 

 

$3.15

 

Volatility

 

 

185

%

Risk-free interest rate

 

 

0.33

%

Expected dividend yield

 

 

0.00

%

Expected warrant life (years)

 

 

1.92

 

Schedule of Common Stock Purchase Warrants Valuation Assumptions

June 28,

2012

 

May 27,

2011

Number of shares underlying the warrants

 

250,000

 

50,000

Exercise price

 

$0.64

 

$7.00

Volatility

 

185%

 

190

Risk-free interest rate

 

0.69%

 

1.65

Expected dividend yield

 

0.00%

 

0.00

Expected warrant life (years)

 

3

 

5

Schedule of Stock Options Activity
                           

 

 

Shares

 

Weighted

Average

Exercise

Price

 

Weighted Average
Remaining
Contractual Life
(Years)

 

Aggregate
Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at April 1, 2012

 

 

1,025,000

 

$

1.31

 

 

-

 

$

-

 

Granted

 

 

30,000

 

 

.87

 

 

-

 

 

-

 

Exercised

 

 

-

 

 

-

 

 

-

 

 

-

 

Forfeited

 

 

-

 

 

-

 

 

-

 

 

-

 

Expired

 

 

-

 

 

-

 

 

-

 

 

-

 

Outstanding at June 30, 2012

 

 

1,055,000

 

$

1.30

 

 

3.68

 

$

-

 

Exercisable at June 30, 2012

 

 

755,000

 

$

1.44

 

 

3.37

 

$

-

 


                           

 

 

Shares

 

Weighted

Average

Exercise

Price

 

Weighted Average
Remaining
Contractual Life
(Years)

 

Aggregate
Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at April 1, 2011

 

 

800,000

 

$

1.58

 

 

4.24

 

$

-

 

Granted

 

 

-

 

 

-

 

 

-

 

 

-

 

Exercised

 

 

-

 

 

-

 

 

-

 

 

-

 

Forfeited

 

 

-

 

 

-

 

 

-

 

 

-

 

Expired

 

 

-

 

 

-

 

 

-

 

 

-

 

Outstanding at June 30, 2011

 

 

800,000

 

$

1.58

 

 

4.00

 

$

-

 

Exercisable at June 30, 2011

 

 

475,000

 

$

1.50

 

 

3.92

 

$

-

 

Direct Response Consultant [Member]
 
Stockholders Equity Note [Line Items]  
Schedule of Valuation Assumptions
     

Number of shares underlying the warrants

 

30,000

Exercise Price

 

$0.87

Volatility

 

185%

Risk-free interest rate

 

0.68%

Expected dividend yield

 

0.00%

Expected warrant life (years)

 

5