v2.4.0.8
WARRANTS (Tables)
3 Months Ended
Jun. 30, 2013
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:
 
 
 
June 30,
2013
 
March 31,
2013
 
Risk-free interest rate
 
 
0.66
%
 
0.36
%
Expected option life in years
 
 
3.00
 
 
3.25
 
Expected stock price volatility
 
 
40
%
 
40
%
Expected dividend yield
 
 
0
%
 
0
%