Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2016

Summary of Significant Accounting Policies [Abstract]

Reconciliation of basic and diluted net (loss) income per share

The following presents a reconciliation of basic and diluted net income per share.

	Years Ended March 31,
	2016		2015		2014
Income from continuing operations	$	10,563,000	$	11,453,000	$	6,482,000
Income from discontinued operations		-		-		100,877,000
Net income	$	10,563,000	$	11,453,000	$	107,359,000
Basic shares		18,233,163		16,734,539		14,633,946
Effect of dilutive stock options and warrants		832,930		871,401		683,985
Diluted shares		19,066,093		17,605,940		15,317,931
Net income per share:
Basic net income per share from continuing operations	$	0.58	$	0.68	$	0.45
Basic net income per share from discontinued operations		-		-		6.89
Basic net income per share	$	0.58	$	0.68	$	7.34

Diluted net income per share from continuing operations	$	0.55	$	0.65	$	0.42
Diluted net income per share from discontinued operations		-		-		6.59
Diluted net income per share	$	0.55	$	0.65	$	7.01

Black-Scholes option pricing model assumptions used to derive weighted average fair value of stock options granted

The following summarizes the Black-Scholes option pricing model assumptions used to derive the weighted average fair value of the stock options granted during the periods noted.

	Years Ended March 31,
	2016			2015			2014
Weighted average risk free interest rate		1.73	%		1.75	%		1.88	%
Weighted average expected holding period (years)		5.76			5.01			5.89
Weighted average expected volatility		46.84	%		46.02	%		48.15	%
Weighted average expected dividend yield		-			-			-
Weighted average fair value of options granted	$	14.14		$	9.65		$	5.16