v2.4.1.9

BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)

12 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Potential common shares not included in calculating diluted net loss per share are as follows:

		Years ended March 31,
		2015			2014
Stock options			11,988,188			11,174,007
Warrants to purchase common stock			120,000			1,777,802
5% Convertible notes			1,861,111			2,361,111
Total			13,969,299			15,312,920

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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