18. Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Text Block]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of March 31, 2013 and March 31, 2012. As required by FASB ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

March 31, 2013	Level I		Level II		Level III		Total
Warrant Liability	$	-	$	-	$	198,330	$	198,330
Total Liabilities	$	-	$	-	$	198,330	$	198,330

March 31, 2012	Level I		Level II		Level III		Total
Warrant Liability	$	-	$	-	$	355,290	$	355,290
Total Liabilities	$	-	$	-	$	355,290	$	355,290

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

The following table provides a summary of the changes in fair value of our Level 3 financial liabilities for the years ended March 31, 2013 and 2012 as well as the unrealized gains or losses included in income.

	March 31, 2013			March 31, 2012
Fair value, at beginning of period	$	355,290		$	366,137
New issuances		137,825			-
Change in fair value		(294,785	)		(10,847	)
Fair value, at end of period	$	198,330		$	355,290

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

ince these common stock warrants do not trade in an active securities market, the Company recognizes a warrant liability and estimates the fair value of these warrants using the Black-Scholes options model using the following assumptions:

Date of Warrant		Expiration  Date		Number of Warrants	Exercise  Price		Fair Market Value Per Share		Expected Volatility			Remaining Life in Years		Risk Free  Interest Rate			Warrant  Liability
	09-10-2010		09-10-2019	136,920	$	6.70	$	6.70		28.51	%		9		2.81	%	$	267,848
	09-10-2010		09-10-2015	10,416	$	6.70	$	6.70		28.51	%		5		1.59	%	$	13,808
	07-26-2012		09-10-2019	50,000	$	3.35	$	3.90		42.04	%		7		0.94	%	$	66,193
	07-26-2012		09-10-2019	20,000	$	3.35	$	3.90		42.04	%		7		0.94	%	$	26,477
	11-20-2012		09-10-2019	20,000	$	3.56	$	3.50		42.45	%		6.83		1.09	%		21,441
	02-14-2013		09-10-2019	20,000	$	3.58	$	3.80		41.72	%		6.58		1.43	%		23,714

Date of  Warrant		Expiration  Date		Number of Warrants	Exercise Price		Fair Market Value Per Share		Expected Volatility			Remaining Life in Years		Risk Free Interest Rate			Warrant Liability
	09-10-2010		09-10-2019	136,920	$	6.70	$	6.33		53.19	%		7.45		2.23	%	$	338,116
	09-10-2010		09-10-2015	10,416	$	6.70	$	6.33		53.19	%		3.45		2.23	%	$	17,174

Date of  Warrant		Expiration Date		Number of Warrants	Exercise  Price		Fair Market Value Per Share		Expected Volatility			Remaining Life in Years		Risk Free Interest Rate			Warrant Liability
	09-10-2010		09-10-2019	136,920	$	6.70	$	3.50		41.45	%		6.45		1.24	%	$	81,080
	09-10-2010		09-10-2015	10,416	$	6.70	$	3.50		41.45	%		2.45		0.25	%	$	1,870
	07-26-2012		09-10-2019	50,000	$	3.35	$	3.50		41.45	%		6.33		1.24	%	$	53,269
	07-26-2012		09-10-2019	20,000	$	3.35	$	3.50		41.45	%		6.33		1.24	%	$	21,307
	11-20-2012		09-10-2019	20,000	$	3.56	$	3.50		41.45	%		6.50		1.24	%	$	20,664
	02-14-2013		09-10-2019	20,000	$	3.67	$	3.50		41.45	%		6.45		1.24	%		20,140