Quarterly report pursuant to Section 13 or 15(d)

Capital Stock (Tables)

v2.4.0.8
Capital Stock (Tables)
9 Months Ended
Dec. 31, 2013
Capital Stock Tables  
Unit Warrant grants and allocation of Proceeds
  Weighted Average Issuance Date Valuation Assumptions Per Aggregate Allocation of Proceeds
Warrant       Risk free     Share Fair Aggregate Fair Value Aggregate Proceeds Based on Relative Fair Value of:
Shares Market Exercise Term Interest   Dividend Value of of Unit of Unit Unit Unit Unit
Issued Price Price (Years) Rate Volatility Rate Warrant Warrants Sales Stock Warrant Note
                         
 1,160,000  $0.47  $1.00  2.80 0.57% 76.85% 0.0%  $0.14  $166,400  $580,000  $238,200  $69,300  $272,500
Black-Scholes Option Pricing Model

 

Assumption:   Pre-modification     Post-modification  
Market price per share (weighted average)   $ 0.74     $ 0.74  
Exercise price per share (weighted average)   $ 1.50     $ 0.50  
Risk-free interest rate (weighted average)     0.82%       0.03%  
Contractual term in years (weighted average)     3.47       0.06  
Volatility (weighted average)     84.6%       73.3%  
Dividend rate     0.0%       0.0%  
                 
Weighted Average Fair Value per share   $ 0.30     $ 0.24  

 

 

Assumption:   Pre-modification     Post-modification  
Market price per share at modification date   $ 0.50     $ 0.50  
Exercise price per share (weighted average)   $ 1.50     $ 1.23  
Risk-free interest rate (weighted average)     0.33%       0.44%  
Contractual term in years (weighted average)     1.40       2.10  
Volatility (weighted average)     74.4%       75.8%  
Dividend rate     0.0%       0.0%  
                 
Weighted Average Fair Value per share   $ 0.05     $ 0.11  

 

Assumption:   Pre-modification     Post-modification  
Market price per share at modification date   $ 0.40     $ 0.40  
Exercise price per share (weighted average)   $ 1.67     $ 0.50  
Risk-free interest rate (weighted average)     0.51%       0.57%  
Contractual term in years (weighted average)     2.06       2.34  
Volatility (weighted average)     73.6%       74.4%  
Dividend rate     0.0%       0.0%  
                 
Weighted Average Fair Value per share   $ 0.05     $ 0.14  

 

Description of units
       

Shares

Subject to

 
Exercise       Purchase at  
Price   Expiration   December 31,  
per Share   Date   2013  
$ 0.50   5/11/2014 to 7/26/2018     5,254,019  
$ 0.64   3/3/2023     2,940,000  
$ 0.88   5/11/2014     15,428  
$ 1.00   7/30/2016 to 9/30/2017     4,406,281  
$ 1.25   5/11/2014 to 12/31/2014     50,280  
$ 1.50   5/11/2014 to 3/14/2018     2,491,016  
$ 2.00   9/15/2017     425,000  
$ 2.50   5/11/2014     42,443  
$ 2.625   1/31/2015     61,418  
$ 3.00   2/13/2016     25,000  
            15,710,885