Annual report pursuant to Section 13 and 15(d)

5. EQUITY TRANSACTIONS (Details - Warrant activity)

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5. EQUITY TRANSACTIONS (Details - Warrant activity) - Warrants - $ / shares
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Warrants outstanding, beginning balance 2,164,094 1,430,738
Warrants granted 749,825 746,657
Warrants exercised (2,660) (12,049)
Warrants cancelled/forfeited (307,163) (1,252)
Warrants outstanding, ending balance 2,604,096 2,164,094
Warrants exercisable 2,164,094 2,164,094
Outstanding, Weighted Average Exercise Price $ 6.68 $ 6.84
Granted, Weighted Average Exercise Price 4.10 6.30
Exercised, Weighted Average Exercise Price 6.25 2.15
Cancelled/Forfeited, Weighted Average Exercise Price 5.18 2.10
Outstanding Weighted Average Exercise Price 3.64 6.68
Exercisable, Weighted Average Exercise Price 3.64 6.68
Warrants Weighted average estimated fair value of warrants granted $ 2.65 $ 5.11