20. Subsequent Event

12 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

20.                Subsequent Event

In May 2016, BCA Mezzanine Fund LLP (“BCA”) exercised its “put option” wherein BCA is exercising its right to have the Company purchase the warrants for 236,920 shares from BCA (see Notes 10 and 19 in Notes to Consolidated Financial Statements. As of March 31, 2016, the total estimated value for all warrants was $1,136,203. The amount attributed to BCA was $938,203. However, this amount will be updated based upon more current information as of April 30, 2016. The Company has the option of paying the final amount or providing BCA a note payable for this amount at an interest rate of 14%. The note will be due in one year with no prepayment penalties. The Company is currently evaluating these options. The remaining warrant holder has not exercised their option.