Quarterly report pursuant to Section 13 or 15(d)

10. Warrants (Tables)

v3.8.0.1
10. Warrants (Tables) - Warrants [Member]
9 Months Ended
Dec. 31, 2017
Assumptions used

The following outlines the significant weighted average assumptions used to estimate the fair value information presented, with respect to warrants utilizing the Binomial Lattice option pricing models, issued during the nine months ended December 31, 2017:

 

Risk free interest rate     1.38% - 1.92%   
Average expected life     5 years  
Expected volatility     100.2% - 111.1%  
Expected dividends     None  

 

The following outlines the significant weighted average assumptions used to estimate the fair value information presented, with respect to warrants utilizing the Binomial Lattice option pricing models issued during the nine months ended December 31, 2016:

 

Risk free interest rate     0.79% – 1.38%    
Average expected life     3 months – 2.33 years  
Expected volatility     65.9% – 111.1%  
Expected dividends     None  

 

Warrant activity
    Amount     Range of
Exercise
Price
  Weighted
Average
Exercise
Price
Warrants outstanding at March 31, 2017     2,604,096     $2.10 - $12.05   $3.64
Exercised     (218,600 )   $1.10   $1.10
Issued     5,618,182     $1.10   $1.10
Cancelled/Expired     (139,357 )   $5.00 –$15.00   $6.52
Warrants outstanding at December 31, 2017     7,864,321     $1.10 - $12.05   $1.38
Warrants exercisable at December 31, 2017     7,864,321     $1.10 - $12.05   $1.38