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STOCK BASED COMPENSATION (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended |  | 0 Months Ended
--- | --- | --- | --- | --- | ---
Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2014 Director | Jun. 30, 2014 Director Minimum item | Jun. 13, 2013 Non-employee directors item
Share based compensation |  |  |  |  |
Number of directors on a committee to administer the plan |  |  |  | 2 |
Maximum number of shares authorized to be issued | 3,300,000 |  |  |  |
Options granted (in shares) | 0 |  | 50,000 |  | 200,000
Annual grants (in shares) |  |  | 10,000 |  |
Number of years after election that annual grants of share options commence |  |  | 3 years |  |
Exercise price of shares granted (in dollars per share) |  |  |  |  | $ 0.67
Vesting period |  |  |  |  | 10 years
Number of equal annual installments in which options will vest |  |  |  |  | 3
Assumption used in valuation of stock options |  |  |  |  |
Yield term of U.S. Treasury issues on which risk free interest rate is based | 5 years |  |  |  |
Additional general disclosure |  |  |  |  |
Common stock available for grant under plan (in shares) | 1,547,006 |  |  |  |
Number Of Options |  |  |  |  |
Outstanding at the beginning of the period (in shares) | 1,355,500 |  |  |  |
Outstanding at the end of the period (in shares) | 1,355,500 | 1,355,500 |  |  |
Vested or expected to vest at the end of the period (in shares) | 1,355,500 |  |  |  |
Exercisable at the end of the period (in shares) | 943,832 |  |  |  |
Weighted Average Exercise Price |  |  |  |  |
Outstanding at the beginning of the period (in dollars per share) | $ 1.014 |  |  |  |
Outstanding at the end of the period (in dollars per share) | $ 1.074 | $ 1.014 |  |  |
Vested or expected to vest at the end of the period (in dollars per share) | $ 1.074 |  |  |  |
Exercisable at the end of the period (in dollars per share) | $ 1.074 |  |  |  |
Aggregate Intrinsic Value |  |  |  |  |
Outstanding at the end of the period | $ 22,075 | $ 329,025 |  |  |
Vested or expected to vest at the end of the period | 22,075 |  |  |  |
Exercisable at the end of the period | 22,075 |  |  |  |
Weighted Average Remaining Contractual Life |  |  |  |  |
Outstanding at the end of the period | 7 years 3 months 29 days | 7 years 3 months 25 days |  |  |
Vested or expected to vest at the end of the period | 7 years 3 months 29 days |  |  |  |
Exercisable at the end of the period | 6 years 8 months 16 days |  |  |  |
Additional information on stock options |  |  |  |  |
Unrecognized compensation cost related to stock options | 271,907 |  |  |  |
Period of recognition of unrecognized compensation expense | 33 months |  |  |  |
Fair value of shares vested | $ 178,685 |  |  |  |
Stock options outstanding but not vested, Number of Options |  |  |  |  |
Outstanding at the beginning of the period (in shares) | 621,333 |  |  |  |
Vested (in shares) | (178,665) |  |  |  |
Forfeited (in shares) | (31,000) |  |  |  |
Outstanding at the end of the period (in shares) | 411,668 | 621,333 |  |  |
Stock options outstanding but not vested, Weighted Average Exercise Price |  |  |  |  |
Outstanding at the beginning of the period (in dollars per share) | $ 0.967 |  |  |  |
Vested (in dollars per share) | $ 1.000 |  |  |  |
Forfeited (in dollars per share) | $ 1.960 |  |  |  |
Outstanding at the end of the period (in dollars per share) | $ 0.877 | $ 0.967 |  |  |

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- Definition Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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