Quarterly report pursuant to Section 13 or 15(d)

5. Derivative Liabilities (Tables)

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5. Derivative Liabilities (Tables)
6 Months Ended
Sep. 30, 2012
Derivative Liabilities Tables  
Derivative liability related to warrants without fixed settlement provisions

 

    September 30,
2012
    March 31,
2012
 
Expected life     0.36 years       0.87 years  
Risk-free interest rate     0.18 %     0.18 %
Dividend yield     0.00 %     0.00 %
Volatility     55 %     89 %
Warrants outstanding     838,172       762,876  
Fair value of warrants   $     $ 55,000  
Derivative liability related to warrants with net-cash settlement provisions

 

    September 30,
2012
    April 22,
2012
 
Expected life     2.07 years       2.50 years  
Risk-free interest rate     0.41 %     0.40 %
Dividend yield     0.00 %     0.00 %
Volatility     100 %     100 %
Warrants outstanding     3,471,112       3,471,112  
Fair value of warrants   $ 1,552,000     $ 2,347,000  
Summary of the changes in the fair value of financial liabilities

 

    Three Months Ended
September 30,
 
    2012     2011  
Beginning balance   $ (1,155 )   $ (240 )
Net unrealized (loss) gain     (397 )     121  
Ending balance   $ (1,552 )   $ (119 )

 

 

    Six Months Ended
September 30,
 
    2012     2011  
Beginning balance   $ (55 )   $ (337 )
Fair value of warrants issued     (2,347 )      
Net unrealized gain     850       218  
Ending balance   $ (1,552 )   $ (119 )