XML 56 R44.htm IDEA: XBRL DOCUMENT v3.4.0.3
STOCKHOLDERS' EQUITY (Details Narrative 1) - USD ($)
1 Months Ended 3 Months Ended 35 Months Ended
May. 11, 2013
Jun. 30, 2013
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Warrants:          
Warrants outstanding     $ 12,281,059   $ 12,281,059
Weighted-average contractual remaining life     1 year 6 months    
Exercise price of warrants (in dollars per share)     $ 1.97   $ 1.97
Sharebased compensation expense     $ 4,381,690 $ 840,464  
Warrants [Member] | Minimum [Member]          
Warrants:          
Exercise price of warrants (in dollars per share)     $ .24   .24
Warrants [Member] | Maximum [Member]          
Warrants:          
Exercise price of warrants (in dollars per share)     7.59   7.59
Outside Consultant Warrants [Member]          
Warrants:          
Exercise price of warrants (in dollars per share)     $ 7.59   $ 7.59
Warrants granted to purchase common stock (shares)     120,000    
Sharebased compensation expense     $ 127,465 9,071  
Grant date fair value (per share)     $ 4.60    
Expiration date of warrants     Jan. 21, 2021    
Vesting date of warrants     12 months    
Expected term     5 years    
Volatility rate     74.15%    
Risk free rate     1.28%    
Dividend yield     0.00%    
Unamortized noncash compensation associated with warrants     $ 449,000   $ 449,000
Consultant Agreement - Warrants [Member]          
Warrants:          
Exercise price of warrants (in dollars per share) $ 2.01        
Fair value of grant   $ 462,196      
Warrants granted to purchase common stock (shares) 283,333       850,000
Sharebased compensation expense     $ 38,517 $ 38,517  
Expected term   5 years      
Volatility rate   45.84%      
Risk free rate   1.41%      
Dividend yield   0.00%      
Vested warrants granted to purchase common stock (shares)   283,333      
Expected to vested warrants upon FDA approval (shares)     283,334   283,334
Unamortized noncash compensation associated with warrants     $ 361,000   $ 361,000
Warrants [Member]          
Warrants:          
Stock issued for excercised warrants, shares     561,372 925,485  
Stock issued for excercised warrants, value     $ 1,310,000 $ 358,400