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Stockholders' Equity (Tables)
9 Months Ended
Dec. 31, 2014
Stockholders' Equity Note [Abstract]  
Schedule of Nonvested Share Activity
A summary of the Company’s restricted stock sold to employees, directors and consultants with a right of repurchase of unlapsed or unvested shares is as follows for the nine months ended December 31, 2014:
 
 
 
 
 
Weighted
Average
Remaining
Vesting
 
Weighted
Average
Per Share
 
Weighted-
average
Per Share
 
 
 
 
 
Life
 
Intrinsic
 
Grant Date
 
 
 
Shares
 
(In years)
 
Value
 
Fair Value
 
Unvested or unlapsed shares, beginning of period
 
907,407
 
1.3
 
$
-
 
$
0.41
 
Granted
 
-
 
-
 
 
-
 
 
-
 
Vested / lapsed
 
(716,667)
 
-
 
 
-
 
 
-
 
Forfeited
 
-
 
-
 
 
-
 
 
-
 
Unvested or unlapsed shares, end of period
 
190,741
 
1.1
 
$
0.09
 
$
0.41
 
Stock Option Transactions Under Stock Option Plans
Stock option activity for the nine months ended December 31, 2014 is summarized below:
 
 
 
Shares
 
Weighted
Average
Per Share
Exercise
Price
 
Weighted
Average
Remaining
Life
(Years)
 
Weighted
Average
Per Share
Intrinsic
Value
 
Balance, beginning of period
 
6,287,000
 
$
0.20
 
8.7
 
$
0.11
 
Granted
 
855,000
 
 
1.00
 
-
 
 
-
 
Cancelled
 
(100,000)
 
 
-
 
-
 
 
-
 
Exercised
 
-
 
 
-
 
-
 
 
-
 
Expired
 
-
 
 
-
 
-
 
 
-
 
Forfeited
 
-
 
 
-
 
-
 
 
-
 
Balance, end of period
 
7,042,000
 
$
0.26
 
8.2
 
$
0.15
 
Vested and exercisable, end of period
 
6,232,556
 
$
0.22
 
7.3
 
$
0.18
 
Summary of Restricted Stock Award
The following table summarizes the restricted stock award in the ACO Plan during the nine months ended December 31, 2014:
 
 
 
Shares
 
Weighted
Average
Remaining
Vesting
Life
(Years)
 
Weighted
Average
Per Share
Intrinsic
Value
 
Weighted
Average
Per Share
Fair Value
 
Balance, beginning of period
 
3,752,000
 
0.8
 
$
0.02
 
$
0.03
 
Granted
 
184,000
 
-
 
 
-
 
 
0.77
 
Released
 
(183,996)
 
-
 
 
-
 
 
-
 
Balance, end of period
 
3,752,004
 
0.1
 
$
0.70
 
$
0.07
 
Vested and exercisable, end of period
 
2,461,694
 
 
 
 
 
 
 
 
 
Total Unrecognized Compensation Costs Related To Non-Vested Stock-Based Compensation Arrangements
As of December 31, 2014, total unrecognized compensation costs related to non-vested stock-based compensation arrangements granted under the Company’s 2010 and 2013 Equity Plans, and the ACO Plan’s and the weighted-average period of years expected to recognize those costs are as follows:
 
Common stock options
 
$
193,376
 
Restricted stock
 
$
139,400
 
ACO Plan restricted stock
 
$
48,846
 
Summary of Stock Based Compensation Expense Related To Restricted Stock and Option Awards
Stock-based compensation expense related to common stock and common stock option awards is recognized over their respective vesting periods and was included in the accompanying condensed consolidated statement of operations as follows:
 
 
 
Three Months Ended
December 31,
 
Nine Months Ended
December 31,
 
 
 
2014
 
2013
 
2014
 
2013
 
Stock-based compensation expense:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of services
 
$
1,227
 
$
54,134
 
$
12,148
 
$
629,643
 
General and administrative
 
 
155,325
 
 
(76,338)
 
 
1,120,062
 
 
1,469,165
 
 
 
$
156,552
 
$
(22,204)
 
$
1,132,210
 
$
2,098,808
 
Warrants Outstanding
Warrants consisted of the following for the nine months ended December 31, 2014:
 
 
 
Weighted
Average
Per Share
 
 
 
 
 
Intrinsic
 
Number of
 
 
 
Value
 
warrants
 
Outstanding, beginning of period
 
$
0.02
 
7,145,000
 
Granted
 
 
-
 
2,000,000
 
Exercised
 
 
-
 
-
 
Cancelled
 
 
-
 
-
 
Outstanding, end of period
 
$
-
 
9,145,000
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
average
 
 
 
Weighted
 
Exercise Price Per
 
Warrants
 
remaining
 
Warrants
 
average
 
Share
 
outstanding
 
contractual life
 
exercisable
 
exercise price per share
 
$
0.11485
 
1,250,000
 
1.6
 
1,250,000
 
$
0.1149
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.11485
 
250,000
 
1.6
 
250,000
 
$
0.1149
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.45000
 
500,000
 
1.6
 
500,000
 
$
0.4500
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.50000
 
100,000
 
2.8
 
100,000
 
$
0.5000
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.45000
 
825,000
 
3.1
 
825,000
 
$
0.4500
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.40000
 
220,000
 
3.1
 
220,000
 
$
0.4000
 
 
 
 
 
 
 
 
 
 
 
 
 
$
1.00000
 
2,000,000
 
6.2
 
-
 
$
1.0000
 
 
 
 
 
 
 
 
 
 
 
 
 
$
2.00000
 
2,000,000
 
6.2
 
-
 
$
2.0000
 
 
 
 
 
 
 
 
 
 
 
 
 
$
1.00000
 
1,000,000
 
6.2
 
-
 
$
1.0000
 
 
 
 
 
 
 
 
 
 
 
 
 
$
1.00000
 
1,000,000
 
3.6
 
1,000,000
 
$
1.0000
 
 
 
 
9,145,000
 
4.5
 
4,145,000
 
 
0.4600
 
Amount of Shares of Common Stock Reserved
The amount of shares of common stock reserved for these purposes is as follows at December 31, 2014: 
 
Common stock issued and outstanding
 
48,634,549
 
Conversion of 9% Notes
 
2,750,000
 
Conversion of 8% Notes
 
2,000,000
 
Warrants outstanding
 
9,145,000
 
Stock options outstanding
 
7,042,000
 
Remaining shares issuable under 2013 Equity Incentive Plan
 
1,600,000
 
 
 
71,171,549