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BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)
3 Months Ended
Jun. 30, 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:
 
 
 
Three months ended June 30,
 
 
 
2015
 
2014
 
Stock options
 
14,440,688
 
13,242,974
 
Warrants to purchase common stock
 
120,000
 
120,000
 
5% Convertible notes
 
1,861,111
 
2,361,111
 
 
 
 
 
 
 
Total
 
16,421,799
 
15,724,085