Derivative Liability and Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The table below provides a reconciliation of beginning and ending balances for the liabilities measured at fair value using significant unobservable inputs (Level 3)

				Convertible						Warrant
	Down-round			Feature			Warrant			Down-round
	Protection Derivative			Derivative			Derivative			Protection Derivative			Total

Balance, March 31, 2013	$	(50,545	)	$	(162,456	)	$	—		$	—		$	(213,001	)
Net Change in Fair Value		40,545			61,637			—			—			102,182
Settlement Through Modification of Gemini Note II		10,000			100,819			—			—			110,819
Fair Value at Issuance of Secured Notes		(641,113	)		(2,923,370	)		(1,781,592	)		(616,688	)		(5,962,763	)
Balance at June 30, 2013		(641,113	)		(2,923,370	)		(1,781,592	)		(616,688	)		(5,962,763	)
Net Change in Fair Value		(89,730	)		2,542,344			1,404,466			(154,468	)		3,702,612
Balance at September 30, 2013	$	(730,843	)	$	(381,026	)	$	(377,126	)	$	(771,156	)	$	(2,260,151	)

Schedule of valuation techniques

The following table describes the valuation techniques used to calculate fair values for assets in Level 3. There were no changes in the valuation techniques during the quarter ended September 30, 2013.

	Fair Value at		Valuation
	9/30/2013		Technique	Unobservable Input	Range
Conversion Feature Derivative and Down-round Protection Derivative (combined)
	$	1,111,869	Binomial Option Pricing Model	Probability of common stock issuance at prices less than conversion prices stated in agreements		80	%

Warrant Derivative and Warrant Down-round Protection Derivative (combined)	$	1,148,282	Binomial Option Pricing Model	Probability of common stock issuance at prices less than exercise prices stated in agreements		80	%