Stockholder's Equity

9 Months Ended

Dec. 31, 2016

Stockholders' Equity [Abstract]

Stockholders' Equity

(9)  Stockholders’ Equity

In February, 2014, we completed a follow-on offering consisting of 2,864,872 shares of our common stock, and common stock warrants to purchase 1,432,436 shares of our common stock. The warrants are exercisable on or after August 6, 2014 and on or before August 5, 2018.  In addition, the placement agent was issued warrants to purchase 57,297 shares of common stock, on substantially the same terms as the warrants issued to the purchasers.      

In October, 2015, we completed a follow-on offering consisting of 8,000,000 shares of common stock, and common stock warrants to purchase 4,000,000 shares of our common stock.  The warrants are exercisable for the period beginning April 30, 2016 through October 20, 2020. 

On January 10, 2017, the shareholders approved an increase of the number of authorized common shares to 175,000,000.

				Weighted-
		Weighted-		Average
	Warrants	Average		Remaining
	Under	Exercise		Contractual
	Option	Price		Life
Outstanding at March 31, 2015	1,489,733	$	2.13		3.4 years
Granted	4,000,000	$	1.31
Exercised	-	$	-
Forfeited	-	$	-
Outstanding at March 31, 2016	5,489,733	$	1.53		4.0 years
Granted	-	$	-
Exercised	-	$	-
Forfeited	-	$	-
Outstanding at December 31, 2016	5,489,733	$	1.53		3.3 years
Exercisable at December 31, 2016	5,489,733	$	1.53		3.3 years