Annual report pursuant to Section 13 and 15(d)

3. Summary of Significant Accounting Policies (Tables)

v3.5.0.1
3. Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Financial liabilities measured at fair value on a recurring basis

Financial liabilities measured at fair value on a recurring basis are summarized below:

 

    Fair Value Measurements at March 31, 2016 Using  
    Total
March 31,
2016 		    Quoted prices in active markets for identical assets
(Level 1) 		    Significant other observable inputs
(Level 2) 		    Significant other unobservable inputs
(Level 3) 		 
Liabilities:                                
Derivative liabilities – warrants   $            –             –              –     $       –  

 

    Fair Value Measurements at March 31, 2015 Using  
    Total
March 31,
2015 		    Quoted prices in active markets for identical assets
(Level 1) 		    Significant other observable inputs
(Level 2) 		    Significant other unobservable inputs
(Level 3) 		 
Liabilities:                                
Derivative liabilities – warrants   $ 11,000         –       –     $ 11,000  
Property and equipment estimated useful life
    Years  
Office equipment   3  
Manufacturing, lab and other equipment   5  
Furniture and fixtures   7  
Net Loss Per Share
    March 31,  
    2016     2015  
Options to purchase common stock     3,769,000       2,877,000  
Warrants to purchase common stock     7,424,000       7,741,000  
      11,193,000       10,618,000