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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Mar. 31, 2021

EMPLOYEE BENEFIT PLANS

Schedule of activity related to options under all plans

		Year Ended March 31,
		2021					2020					2019
					Weighted					Weighted					Weighted
					Average					Average					Average
		Number of			Exercise		Number of			Exercise		Number of			Exercise
		Shares			Price		Shares			Price		Shares			Price
Balance, beginning of year		43,332		$	2.69		101,332		$	3.26		141,365		$	3.77
Options exercised		(20,000)			2.58		(58,000)			3.69		(37,533)			4.84
Options expired		—			—		—			—		(2,500)			8.12
Balance, end of year		23,332		$	2.78		43,332		$	2.69		101,332		$	3.26

Schedule of additional information regarding stock options outstanding

Options Outstanding

Options Exercisable

Weighted Avg

Weighted

Weighted

Remaining

Average

Average

Range of

Contractual

Exercise

Exercise

Exercise Price

Life (years)

Number

Price

Number

Price

$1.00 - $3.00

2.29

23,332

$

2.78

23,332

$

2.78

Schedule of information of stock options outstanding

		March 31,			March 31,
		2021			2020
Stock options fully vested and expected to vest:
Number			23,332			43,332
Weighted average exercise price		$	2.78		$	2.69
Aggregate intrinsic value (1)		$	97,000		$	101,000
Weighted average contractual term of options (years)			2.29			2.80
Stock options fully vested and currently exercisable:
Number			23,332			43,332
Weighted average exercise price		$	2.78		$	2.69
Aggregate intrinsic value (1)		$	97,000		$	101,000
Weighted average contractual term of options (years)			2.29			2.80

(1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company's stock.

Schedule of unvested restricted stock activity

The following table presents the activity related to restricted stock for the year ended March 31, 2021:

		Time-Based					Performance-Based					Total
		Number		Weighted			Number		Weighted			Number		Weighted
		of		Average			of		Average			of		Average
		Unvested		Market			Unvested		Market			Unvested		Market
		Shares		Price			Shares		Price			Shares		Price
Balance, beginning of period		49,298		$	8.35		33,375		$	8.35		82,673		$	8.35
Granted		19,453			4.17		71,310			4.17		90,763			4.17
Forfeited		—			—		—			—		—			—
Vested		(23,135)			8.35		—			—		(23,135)			8.35
Cancelled		—			—		(7,913)			8.35		(7,913)			8.35
Balance, end of period		45,616		$	6.57		96,772		$	5.27		142,388		$	5.69

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