v2.4.0.6
WARRANTS (Tables)
9 Months Ended
Dec. 31, 2012
Warrants [Abstract]  
Warrants Liabilities [Table Text Block]

The fair value of the warrants is a Level 3 fair value under the valuation hierarchy and was estimated using the Black-Scholes option pricing model utilizing the following assumptions:

 

    December 31,
 2012
    March 31,
2012
 
Risk-free interest rate     0.36 %     0.51 %
Expected option life in years     0.88       1.63  
Expected stock price volatility     65 %     65 %
Expected dividend yield     0 %     0 %