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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following is the computation of earnings (loss) per share applicable to common shareholders for the periods indicated:
 
 
 
For the Three Months Ended June 30,
 
 
 
2017
 
2016
 
Numerator
 
 
 
 
 
 
 
Net loss attributable to common shareholders - basic
 
$
(2,168,760)
 
$
(1,048,833)
 
Effect of dilutive instrument on net loss
 
 
N/A
 
 
N/A
 
Net loss attributable to common shareholders - diluted
 
$
(2,168,760)
 
$
(1,048,833)
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding - basic
 
 
819,321,321
 
 
722,783,442
 
 
 
 
 
 
 
 
 
Dilutive effect of stock options, warrants and convertible securities(1)
 
 
N/A
 
 
N/A
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding - diluted
 
 
819,321,321
 
 
722,783,442
 
 
 
 
 
 
 
 
 
Net loss per share
 
 
 
 
 
 
 
Basic
 
$
(0.00)
 
$
(0.00)
 
Diluted
 
$
(0.00)
 
$
(0.00)
 
 
 
(1)
The impact of potentially dilutive securities on earnings per share is anti-dilutive and therefore is excluded from the calculation of dilutive loss per share. The potential dilutive effect of stock options, warrants and convertible securities, which are excluded from the calculation of dilutive loss per share is 3,627,090 and 149,825,462 for the three months ended June 30, 2017 and 2016, respectively.
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
The following table presents information about our liabilities measured at fair value on a recurring basis, aggregated by the level in the fair value hierarchy within which those measurements fell:
 
 
 
 
 
Fair Value Measurement Using
 
 
 
Amount at Fair
 
 
 
 
 
 
 
 
 
Value
 
Level 1
 
Level 2
 
Level 3
 
June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative financial instruments - warrants
 
$
7,178,878
 
$
-
 
$
-
 
$
7,178,878
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative financial instruments - warrants
 
$
843,464
 
$
-
 
$
-
 
$
843,464