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COMMON STOCK
6 Months Ended
Sep. 30, 2014
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
NOTE 9           COMMON STOCK
 
During the Current YTD, the Company issued shares of Common Stock, as follows:
 
 
 
Shares
 
 
 
Of
 
Description
 
Common Stock
 
 
 
 
 
Common shares sold pursuant to the LPC-40 Purchase Agreement
 
19,004,103
 
 
 
 
 
Common shares issued as commitment shares pursuant to the LPC-40 Purchase Agreement
 
2,228,910
 
 
 
 
 
Common shares issued pursuant to the exercise of cash warrants
 
4,167,423
 
 
 
 
 
Common shares issued pursuant to the exercise of cash options
 
33,333
 
 
 
 
 
Common shares issued in payment of employee salaries
 
15,842
 
 
 
 
 
Common shares issued pursuant to the conversion of Series I Preferred Shares
 
6,060,000
 
 
 
 
 
 
 
 
 
Total Common Shares issued during the Current YTD
 
31,509,611
 
 
Options
Options issued and outstanding as of the Current Balance Sheet Date are summarized as follows:
 
 
 
Number of Options
 
 
Range of Exercise Prices
 
Vested Options
 
2,132,333
 
$
$0.10 to $2.75
 
Non-Vested Options
 
4,810,001
 
$
$0.07 to $0.4599
 
 
Each option represents the right to purchase one share of common stock. The non-vested options are scheduled to vest in various increments during dates that are within the period beginning on June 19, 2015 and through September 15, 2017, or upon the occurrence of certain defined events and require that employees awarded such options be employed by the Company on the vesting date.