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8. Derivatives (Tables)

12 Months Ended

Mar. 31, 2015

Derivatives Tables

Net fair value of the Company’s derivative assets and liabilities and their locations on the consolidated balance sheet

		2015				2014
Current assets: Derivative instruments		$	—			$	—
Noncurrent assets: Derivative instruments			—			$	—
Total assets		$	—			$	—
Current liabilities: Derivative instruments		$	—			$	44,981
Noncurrent liabilities: Derivative instruments			—			$	—
Total liabilities		$	—			$	44,981

Loss on derivative instruments included in the consolidated statements of operations

		2015				2014
Unrealized loss on open non-hedge derivative instruments		$	—			$	(44,981	)
Gain (loss) on settlement of non-hedge derivative instruments			102,069				(54,281	)
Total gain (loss) on derivative instruments		$	102,069			$	(99,262	)

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- References

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- Definition

Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4C



-Subparagraph (b)



-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

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- Definition

Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4A



-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

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