Quarterly report pursuant to Section 13 or 15(d)

10. Warrants (Tables)

v3.5.0.2
10. Warrants (Tables) - December 2014 Warrants [Member]
6 Months Ended
Sep. 30, 2016
Warrant activity
    Amount     Range of
Exercise
Price
    Weighted
Average
Exercise
Price
 
Warrants outstanding at March 31, 2016     2,164,094       $2.10 - $15.00     $ 6.68  
Exercised     (2,660 )     $6.25     $ 6.25  
Issued     30,000       $5.00     $ 5.00  
Cancelled/Expired     (19,563 )     $6.25     $ 6.25  
Warrants outstanding at September 30, 2016     2,171,871       $2.10 - $15.00     $ 5.37  
Warrants exercisable at September 30, 2016     2,171,871       $2.10 - $15.00     $ 5.37  
Assumptions used
Risk free interest rate 0.70%  
Average expected life  3.5 years
Expected volatility   91.5%
Expected dividends  None