v2.4.1.9
WARRANTS (Tables)
9 Months Ended
Dec. 31, 2014
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:
 
 
 
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
%