INTANGIBLE ASSETS (Tables)

9 Months Ended

Dec. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

Intangible assets at December 31, 2014 are summarized in the table below:

	Gross Carrying Value		Accumulated Amortization			Net Carrying Amount
Amortizable assets:
Patents & intellectual property	$	9,708,700	$	(970,870	)	$	8,737,830
Transition services agreement		194,200		(194,200	)		—
	$	9,902,900	$	(1,165,070	)	$	8,737,830

Schedule of estimated amortization

Estimated amortization expense at December 31, 2014 for each of the five succeeding years is as follows:

Year ending December 31,
2015	$	970,872
2016		970,872
2017		970,872
2018		970,872
2019		970,872
Thereafter		3,883,470
Total	$	8,737,830