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STOCK-BASED COMPENSATION (Tables)
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12 Months Ended |
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Mar. 31, 2015
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| Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] |
The following table summarizes activity pertaining to options outstanding and exercisable at March 31, 2015: | | | Options Outstanding | | Options Exercisable | | | | | | | | | | | Weighted | | | | | | | | | | | | | | | | | Average | | | | | Weighted | | | | | | | | | | | Remaining | | | | | Average | | Aggregate | | | Range of | | | | | Life in | | | | | Exercise | | Intrinsic | | | Exercise Prices | | Shares | | Years | | Shares | | Price | | Value | | | $0.01 $0.25 | | | 580,300 | | | 3.60 | | | 580,300 | | $ | 0.22 | | $ | 682,957 | | | $0.26 $0.40 | | | 8,532,888 | | | 6.28 | | | 6,076,833 | | | 0.34 | | | 6,470,305 | | | $1.01 $2.00 | | | 2,741,000 | | | 9.05 | | | 273,000 | | | 1.26 | | | 69,870 | | | $6.01 $7.00 | | | 17,000 | | | 1.99 | | | 17,000 | | | 6.36 | | | | | | $7.01 $8.00 | | | 109,500 | | | 1.21 | | | 109,500 | | | 7.57 | | | | | | $8.01 $9.00 | | | 7,500 | | | 1.86 | | | 7,500 | | | 9.00 | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,988,188 | | | 6.73 | | | 7,064,133 | | $ | 0.49 | | $ | 7,223,132 | | |
| Schedule of Nonvested Share Activity [Table Text Block] |
The following summarizes activity pertaining to the Company’s unvested options for the years ended March 31, 2015 and 2014: | | | | | | Weighted | | | | | | | | Average | | | | | | | | Exercise | | | | | Shares | | Price | | | Unvested at March 31, 2013 | | | 3,871,807 | | $ | 0.32 | | | | | | | | | | | | Granted | | | 3,300,000 | | | 0.43 | | | Canceled or expired | | | (10,000) | | | 0.32 | | | Vested | | | (1,499,247) | | | 0.32 | | | | | | | | | | | | Unvested at March 31, 2014 | | | 5,662,560 | | $ | 0.32 | | | | | | | | | | | | Granted | | | 2,525,000 | | | 1.04 | | | Canceled or expired | | | (954,083) | | | 0.44 | | | Vested | | | (2,309,422) | | | 0.41 | | | | | | | | | | | | Unvested at March 31, 2015 | | | 4,924,055 | | $ | 0.70 | | |
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
The fair value of options at grant date was estimated using the Black-Scholes option pricing model utilizing the following weighted average assumptions: | | | March 31, | | | | | 2015 | | 2014 | | | Risk-free interest rate | | | 1.47% - 1.76 | % | | 0.86% - 1.85 | % | | Expected option life in years | | | 5.5 - 6.25 | | | 5.5 - 6.25 | | | Expected stock price volatility | | | 74% - 77 | % | | 65% - 76 | % | | Expected dividend yield | | | 0 | % | | 0 | % | |
| 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: | | | At Conversion | | | Stock price | | $ | 0.92 | | | Risk-free interest rate | | | 0.61 | % | | Expected option life in years | | | 2.63 | | | Expected stock price volatility | | | 55 | % | | Expected dividend yield | | | 0 | % | |
| Warrant [Member] |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
The following is a summary of the Company’s outstanding warrants for the periods presented: | | | | | | Weighted | | | | | | | | Average | | | | | | | | Exercise | | | | | | | | Price | | | | | Warrants | | Per Warrant | | | Warrants outstanding and exercisable, March 31, 2013 | | | 11,904,925 | | $ | 0.46 | | | | | | | | | | | | Granted | | | | | | | | | Exercised | | | (10,127,123) | | | 0.38 | | | Forfeited | | | | | | | | | | | | | | | | | | Warrants outstanding and exercisable, March 31, 2014 | | | 1,777,802 | | $ | 0.90 | | | | | | | | | | | | Granted | | | | | | | | | Exercised | | | | | | | | | Forfeited | | | (1,657,802) | | | 0.38 | | | | | | | | | | | | Warrants outstanding and exercisable, March 31, 2015 | | | 120,000 | | $ | 8.00 | | |
| Stock Option [Member] |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
Stock Options A summary of the options outstanding under the 2003 and 2013 Plans is as follows: | | | Years ended March 31, | | | | | 2015 | | 2014 | | | | | | | | Weighted | | | | | Weighted | | | | | | | | Average | | | | | Average | | | | | | | | Exercise | | | | | Exercise | | | | | Shares | | Price | | Shares | | Price | | | Outstanding at beginning of year | | | 11,174,007 | | $ | 0.51 | | | 8,120,765 | | $ | 0.64 | | | Granted | | | 2,525,000 | | | 1.04 | | | 3,300,000 | | | 0.43 | | | Exercised | | | (677,127) | | | 0.33 | | | (80,758) | | | 0.32 | | | Forfeited | | | (1,033,692) | | | 1.10 | | | (166,000) | | | 5.79 | | | | | | | | | | | | | | | | | | Outstanding and expected to vest at end of period | | | 11,988,188 | | $ | 0.58 | | | 11,174,007 | | $ | 0.51 | | | | | | | | | | | | | | | | | | Exercisable at period end | | | 7,064,133 | | $ | 0.49 | | | 5,511,447 | | $ | 0.63 | | | | | | | | | | | | | | | | | | Weighted average fair value of grants during the period | | | | | $ | 0.65 | | | | | $ | 0.26 | | |