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NOTE 16 - STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | The fair value of stock option awards is estimated on the date of grant using a Black-Scholes Pricing Model with the following assumptions for options awarded as of March 31, 2014:
|  | Granted in 2009 (expired May 13, 2014) |  | Granted in June 2011 quarter
Expected life of options |  | 5 years |  | 5 years
Vested options |  |  | 100% |  |  |  | 100% |
Risk free interest rate |  |  | 1.98% |  |  |  | 4.10% |
Expected volatility |  |  | 35.35% |  |  |  | 83.37% |
Expected dividend yield |  | Nil |  | Nil

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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