Quarterly report pursuant to Section 13 or 15(d)

Capital Stock (Tables)

v2.4.0.6
Capital Stock (Tables)
6 Months Ended
Sep. 30, 2012
Capital Stock Tables  
Black-Scholes Option Pricing Model

The warrants subject to the exercise price modifications were valued using the Black-Scholes Option Pricing Model and the following assumptions:

 

Assumption:  

Pre-

modification

   

Post-

modification

 
                 
Market price per share (weighted average)   $ 1.95     $ 1.95  
Exercise price per share (weighted average)   $ 2.75     $ 0.50  
Risk-free interest rate (weighted average)     0.29%       0.06%  
Expected term in years (weighted average)     1.93       0.12  
Volatility (weighted average)     78.0%       85.7%  
Dividend rate     0.0%       0.0%  
                 
Weighted Average Fair Value per share   $ 0.64     $ 1.45  

 

Warrant exercises and grants

Following the warrant exercises and grants described above, at September 30, 2012, the Company had outstanding warrants to purchase shares of its common stock at a weighted average exercise price of $1.88 per share as follows:

 

Exercise   Expiration   September 30,  
Price   Date   2012  
           
$0.88   5/11/2014   15,428  
$1.00   9/15/2017   1,379,376  
$1.125   12/28/2012   97,679  
$1.25   5/11/2014 to 12/31/2014   120,280  
$1.50   12/31/2012 to 9/4/2017   475,000  
$1.75   12/31/2013   577,784  
$2.00   8/3/2013 to 9/15/2017   604,000  
$2.50   5/11/2014   492,004  
$2.625   12/31/2013   480,134  
$2.75   2/28/2017   272,724  
$2.80   4/2/2015   50,000  
$3.00   5/11/2015 to 2/13/2016   563,025  
        5,127,434