Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.1
Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of significant unobservable inputs used in measuring warrants
    September 30,
2019
  March 31,
2019
    (Unaudited)    
Dividend yield   0%   0%
Expected price volatility   50%   50%
Risk free interest rate   1.71-2.18%   2.16 - 2.69%
Expected term   4 years   4 years
Schedule of liabilities measured at fair value on a recurring basis into the fair value hierarchy

    Fair value measured at September 30, 2019 (Unaudited)  
    Total carrying value at September 30,
2019
    Quoted prices in active markets
(Level 1)
    Significant other observable inputs (Level 2)     Significant unobservable inputs (Level 3)  
Liabilities:                        
Warrant liability   $ 1,462,624     $      -     $      -     $ 1,462,624  

 

    Fair value measured at March 31, 2019  
    Total carrying value at March 31, 2019     Quoted prices in active markets
(Level 1)
    Significant other observable inputs (Level 2)     Significant unobservable inputs (Level 3)  
Liabilities:                        
Warrant liability   $ 1,398,617     $      -     $      -     $ 1,398,617
Schedule of liabilities within the Level 3 include changes in fair value that were attributable to unobservable inputs

    Warrant Liability  
Balance at March 31, 2019   $ 1,398,616  
Issuance of warrants in connection with convertible notes     200,334  
Change in fair value     (147,808 )
Balance at June 30, 2019 (Unaudited)   $ 1,451,142  
Change in fair value     11,482  
Balance at September 30, 2019 (Unaudited)   $ 1,462,624  

 

    Warrant Liability  
Balance at March 31, 2018   $ 141,519  
Issuance of warrants in connection with convertible notes     44,827  
Change in fair value     38,368  
Balance at June 30, 2018 (Unaudited)   $ 224,714  
Issuance of warrants in connection with convertible notes     332,199  
Change in fair value     24,343  
Balance at September 30, 2018 (Unaudited)   $ 581,256