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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels.


March 31, 2020

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Warrant Liability

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Total Liabilities

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

March 31, 2019

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Warrant Liability

 

$

-

 

 

$

-

 

 

$

43,500

 

 

$

43,500

 

Total Liabilities

 

$

-

 

 

$

-

 

 

$

43,500

 

 

$

43,500

 

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [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, 2020 and 2019 as well as the unrealized gains or losses included in income.


Level 3 Reconciliation – Year Ended 3/31/2020

 

Balance at

beginning of period

 

 

Losses

for the period

(realized  and unrealized)

 

 

Purchases, issuances,

sales and

settlements, net

 

 

Transfers in or

out of Level 3

 

 

Balance at the

end of period

Warrant liability

 

$

43,500

 

 

$

73,000

 

 

$

(116,500

)

 

$

-

 

 

$

-

Total Liabilities

 

$

43,500

 

 

$

73,000

 

 

$

(116,500

)

 

$

-

 

 

$

-

Level 3 Reconciliation – Year Ended 3/31/2019

 

Balance at

beginning of period

 

 

Losses

for the period

(realized and unrealized)

 

 

Purchases, issuances,

sales and

settlements, net

 

 

Transfers in or

out of Level 3

 

 

Balance at the

end of period

Warrant liability

 

$

-

 

 

$

43,500

 

 

$

-

 

 

$

-

 

 

$

43,500

Total Liabilities

 

$

-

 

 

$

43,500

 

 

$

-

 

 

$

-

 

 

$

43,500