Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows as of:

 

    March 31,
    2017     2016  
Deferred income tax assets:                
Net operating loss carryforwards   $ 4,300,000     $ 3,630,000  
Share-based compensation     3,245,000       2,540,000  
Research credits     63,000       63,000  
Other, net     40,000       40,000  
Less: Valuation allowance     (7,648,000 )     (6,273,000 )
Net deferred income tax assets (liabilities)   $ -     $ -  
Schedule of Effective Income Tax Rate Reconciliation

Reconciliation of the effective income tax rate to the U.S. statutory rate is as follows: 

 

    Year Ended
    March 31,
    2017     2016  
Federal Statutory tax rate     (34 )%     (34 )%
State tax, net of federal benefit     (8 )%     (5 )%
      (42 )%     (39 )%
Valuation allowance     42 %     39 %
Effective tax rate     - %     - %