Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.10.0.1
Fair Value Measurement (Tables)
9 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Liabilities Related to Warrants

    As of March 31, 2018  
    Level 1     Level 2     Level 3     Total  
Assets                        
Cash and cash equivalents   $ 732,542     $ -     $ -     $ 732,542  
Restricted cash     5,692       -       -       5,692  
Marketable securities -     -       -       -       -  
Mutual funds     8,304,392       -       -       8,304,392  
                                 
    $ 9,042,626     $ -     $ -     $ 9,042,626  

 

    As of March 31, 2018  
    Level 1     Level 2     Level 3     Total  
Liabilities                        
Liabilities related to warrants   $ -     $ -     $ 5,677,934     $ 5,677,934  
                                 

 

    As of December 31, 2018  
    Level 1     Level 2     Level 3     Total  
Assets                        
Cash and cash equivalents   $ 479,700     $ -     $ -     $ 479,700  
Restricted cash     15,912       -       -       15,912  
Marketable securities -     -       -       -       -  
Mutual funds     2,573,605       -       -       2,573,605  
                                 
    $ 3,069,217     $ -     $ -     $ 3,069,217  

 

    As of December 31, 2018  
    Level 1     Level 2     Level 3     Total  
Liabilities                        
Liabilities related to warrants   $ -     $ -     $ -     $ -  
Options to be issued to NitricGen     -       -       295,000       295,000  
    $ -     $ -     $ 295,000     295,000  

Summary of Warrant and Option Liabilities

The following is a summary of the warrant and option liabilities from March 31, 2018 to December 31, 2018.

 

Balance, March 31, 2018   $ 5,677,934  
Fair market value of options to be issued to NitricGen     295,000  

Reclassification of warrant liabilities to stockholders’ equity

upon adoption of ASU-2017-11

    (5,677,934 )
Balance, December 31, 2018   $ 295,000