General form of registration statement for all companies including face-amount certificate companies

5. Derivative Liabilities (Tables)

v2.4.1.9
5. Derivative Liabilities (Tables)
6 Months Ended
Sep. 30, 2014
Derivative Liability [Abstract]  
Valuation Assumptions
  Measurement
Date
Warrants Remaining
Contract
Term in
Years
Exercise
Price
Volatility Risk-free
Interest
Rate
Fair
Value
Warrant                  
Placement Agent Warrants March 31, 2014 16,500 2.09 $ 5.00 128% 0.44% $ 37,000
Investor - Series A Warrants March 31, 2014 1,000 1.41 $ 3.00 128% 0.44%   1,000
Investor - Series B Warrants March 31, 2014 1,400,000 1.41 $ 3.63 128% 0.44%   2,958,000
Placement Agent Warrants March 31, 2014 69,037 2.09 $ 3.00 128% 0.44%   179,000
                $ 3,175,000
Warrant                  
Placement Agent Warrants June 30, 2014 16,500 1.84 $ 5.00 100% 0.47% $ 19,000
Investor - Series A Warrants June 30, 2014 1,000 1.16 $ 3.00 100% 0.11%   1,000
Investor - Series B Warrants June 30, 2014 1,400,000 1.16 $ 3.63 100% 0.11%   1,568,000
Placement Agent Warrants June 30, 2014 69,037 1.84 $ 3.00 100% 0.47%   109,000
                $ 1,697,000
Warrant                  
Placement Agent Warrants September 30, 2014 16,500 1.59 $ 5.00 100% 0.58% $ 11,000
Investor - Series A Warrants September 30, 2014 1,000 0.90 $ 3.00 100% 0.13%   1,000
Investor - Series B Warrants September 30, 2014 1,400,000 0.90 $ 3.63 100% 0.13%   777,000
Placement Agent Warrants September 30, 2014 69,037 1.59 $ 3.00 100% 0.58%   67,000
                $ 856,000
Changes in fair value of Level 3 financial liabilities recurring basis
Derivative liabilities   Three Months Ended September 30, 2014     Six Months Ended September 30, 2014  
Beginning fair value   $ 1,697,000     $ 3,175,000  
Gain due to change in fair value of derivative liabilities     (841,000 )     (2,319,000 )
Ending fair value   $ 856,000     $ 856,000