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10. WARRANTS (Tables)
9 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Schedule of Assumptions

The following outlines the significant weighted average assumptions used to estimate the fair value information presented, with respect to warrants, utilizing the Binomial Lattice option pricing models, issued during the nine months ended December 31, 2019:

 

Risk free interest rate   1.71% 
Average expected life   5 years 
Expected volatility   229.6% - 233% 
Expected dividends   None 
Schedule of Warrant Activity

A summary of warrant activity during the nine months ended December 31, 2019 is presented below:

 

   Amount   Range of
Exercise
Price
   Weighted
Average
Exercise
Price
 
Warrants outstanding at March 31, 2019   342,992   $16.50 - 180.75   $38.10 
Warrants issued   3,433,334   $1.50 - 1.875   $1.51 
Adjustment for reverse split   73    n/a    n/a 
Cancelled/Expired   (51,287)  $64.50 - 180.75   $91.88 
Warrants outstanding at December 31, 2019   3,725,112   $1.50 – 125.25   $3.98 
Warrants exercisable at December 31, 2019   3,725,112   $1.50 – 125.25   $3.98