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11. WARRANTS (Tables)
6 Months Ended
Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of warrant activity exercisable and outstanding

A summary of warrant activity during the six months ended September 30, 2013 is presented below:

 

    Number of Warrants    

Range of Exercise

Price

 

Weighted Average

Exercise

Price

Warrants outstanding at March 31, 2013     75,647,294     $0.076 - $0.25   $0.11
Exercised     (3,407,468   $0.11   $0.11
Issued     3,513,302     $0.121-$0.167   $0.13
Cancelled/Expired     (3,173,791 )   $0.11   $0.11
Warrants outstanding at September 30, 2013     72,579,337     $0.076 - $0.25   $0.12
Warrants exercisable at September 30, 2013     72,579,337     $0.076 - $0.25   $0.12
Weighted average assumptions used to estimate the fair value, with respect to warrants utilizing the Binomial Lattice option pricing model
Risk free interest rate 1.53% - 2.04%
Average expected life    7 years
Expected volatility      91.2 – 96.0%
Expected dividends  None