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Stock Options (Tables)
12 Months Ended
Mar. 31, 2013
Stock Options [Abstract]  
Summary of stock option transactions
A summary of stock option transactions follows:

 
 
Number of
 
 
Weighted Average
 
 
 
Shares
 
 
Exercise Price
 
 
 
 
 
 
 
Outstanding at March 31, 2010
 
 
1,628,334
 
 
$
8.45
 
Granted
 
 
18,000
 
 
$
9.61
 
Exercised
 
 
(52,250
)
 
$
3.83
 
Cancelled
 
 
(3,000
)
 
$
11.00
 
Outstanding at March 31, 2011
 
 
1,591,084
 
 
$
8.61
 
Granted
 
 
15,000
 
 
$
10.04
 
Exercised
 
 
(95,550
)
 
$
3.36
 
Cancelled
 
 
(48,250
)
 
$
3.15
 
Outstanding at March 31, 2012
 
 
1,462,284
 
 
$
9.15
 
Granted
 
 
635,800
 
 
$
6.47
 
Exercised
 
 
(128,000
)
 
$
2.28
 
Cancelled
 
 
-
 
 
$
-
 
Outstanding at March 31, 2013
 
 
1,970,084
 
 
$
8.73
 
 
Summary of options outstanding
The followings table summarizes information about the options outstanding at March 31, 2013:
 
 
 
 
Options Outstanding
 
 
Options Exercisable
 
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
 
Average
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Average
 
 
Remaining
 
 
Aggregate
 
 
 
 
 
Average
 
 
Aggregate
 
Range of
 
 
 
 
 
Exercise
 
 
Life
 
 
Intrinsic
 
 
 
 
 
Exercise
 
 
Intrinsic
 
Exercise price
 
 
Shares
 
 
Price
 
 
In Years
 
 
Value
 
 
Shares
 
 
Price
 
 
Value
 
$
1.800 to $6.345
 
 
 
178,750
 
 
$
5.82
 
 
 
3.00
 
 
$
55,412
 
 
 
176,750
 
 
$
5.84
 
 
$
51,258
 
$
6.460 to $7.450
 
 
 
716,800
 
 
 
6.57
 
 
 
8.99
 
 
 
-
 
 
 
302,399
 
 
 
6.71
 
 
 
-
 
$
8.700 to $9.900
 
 
 
300,200
 
 
 
9.12
 
 
 
1.35
 
 
 
-
 
 
 
298,200
 
 
 
9.11
 
 
 
-
 
$
10.010 to $11.900
 
 
 
359,334
 
 
 
10.21
 
 
 
2.82
 
 
 
-
 
 
 
359,334
 
 
 
10.21
 
 
 
-
 
$
12.000 to $15.060
 
 
 
415,000
 
 
$
12.14
 
 
 
3.53
 
 
 
-
 
 
 
413,000
 
 
$
12.13
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,970,084
 
 
 
 
 
 
 
 
 
 
$
55,412
 
 
 
1,549,683
 
 
 
 
 
 
$
51,258
 
Summary of changes in the status of non-vested stock options
A summary of changes in the status of non-vested stock options during the fiscal year ended March 31, 2013 is presented below.

 
 
Number of Shares
 
 
Weighted Average Grant Date Fair Value
 
Non-vested at March 31, 2012
 
 
15,000
 
 
$
4.18
 
Granted
 
 
635,800
 
 
$
2.92
 
Vested
 
 
(230,399
)
 
$
2.98
 
Non-vested at March 31, 2013
 
 
420,401
 
 
$
2.93