Quarterly report pursuant to Section 13 or 15(d)

Capital Stock (Tables)

v2.4.0.8
Capital Stock (Tables)
6 Months Ended
Sep. 30, 2014
Capital Stock Tables  
Unit Warrant grants and allocation of Proceeds
Unit Warrants                          
      Weighted Average Issuance Date Valuation Assumptions                       Aggregate Allocation of Proceeds Based on Relative Fair Value of:  
Warrant Shares Issued     Market Price     Exercise Price     Term (Years)     Risk free Interest Rate     Volatility     Dividend Rate     Per Share Fair Value of Warrant     Aggregate Fair Value of Unit Warrants     Aggregate Proceeds of Unit Sales     Unit Stock     Unit Warrant     Unit Note  
  88,750     $ 10.86     $ 10.00       2.60       0.71     75.80     0.0   $ 5.32     $ 471,800     $ 1,775,000     $ 529,000     $ 256,900     $ 989,100  
Black-Scholes Option Pricing Model
Assumption:   Pre-modification     Post-modification  
Market price per share   $ 12.60     $ 12.60  
Exercise price per share   $ 20.00     $ 10.00  
Risk-free interest rate     0.44%       0.62%  
Remaining contractual term in years     2.17       2.59  
Volatility     75.6%       76.6%  
Dividend rate     0.0%       0.0%  
                 
Fair Value per share   $ 3.73     $ 6.65  
Description of units
Exercise       Weighted Average     Shares Subject to  
Price   Expiration   Years to     Purchase at  
per Share   Date   Expiration     September 30, 2014  
                 
$ 10.00   12/31/2014 to 3/31/2019     2.67       487,368  
$ 12.80   3/3/2023     8.42       147,000  
$ 17.60   5/31/2015     0.67       772  
$ 20.00   7/30/2016 to 9/30/2017     2.93       179,697  
$ 25.00   12/31/2014 to 5/31/2015     0.30       2,515  
$ 30.00   11/4/2014 to 3/4/2018     1.95       117,702  
$ 40.00   9/15/2017     2.96       21,250  
$ 50.00   5/31/2015     0.67       2,126  
$ 52.50   1/31/2015     0.34       3,078  
$ 60.00   2/13/2016     1.37       1,250  
                       
            3.49       962,758