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Stock Options (Tables) | 12 Months Ended
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Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of Stock Options Activity | The following table is a summary of activity of stock options for the years ended March 31, 2018 and 2017:
|  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Aggregate Average Remaining Contract Life in Years |
Outstanding at April 1, 2016 |  |  | 153,600 |  |  | $ | 6.52 |  |  |  | 6.36 |
Granted |  |  | - |  |  |  | - |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |
Forfeited or Expired |  |  | (4,000 | ) |  |  | 5.98 |  |  |  |  |
Outstanding at March 31, 2017 |  |  | 149,600 |  |  | $ | 6.54 |  |  |  | 5.34 |
Granted |  |  | - |  |  |  | - |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |
Forfeited or Expired |  |  | (1,000 | ) |  |  | 5.98 |  |  |  |  |
Outstanding at March 31, 2018 |  |  | 148,600 |  |  | $ | 6.54 |  |  |  | 4.34 |
Vested at March 31, 2018 |  |  | 138,600 |  |  | $ | 6.51 |  |  |  | 4.19 |
Exercisable at March 31, 2018 |  |  | 138,600 |  |  | $ | 6.51 |  |  |  | 4.19 |
Schedule of Other Information Pertaining to Option Activity | Other information pertaining to option activity was as follows during the year ended March 31:
|  | 2018 |  |  | 2017 |
Weighted average grant-date fair value of stock options granted (per share) |  | $ | - |  |  | $ | - |
Total fair value of options vested |  | $ | 91,525 |  |  | $ | 92,713 |
Total intrinsic value of options exercised |  | $ | - |  |  | $ | - |
Summary of Information About Options Outstanding | The following table summarizes information about options outstanding at March 31, 2018:
Range of Exercise Prices |  |  | Number of Options |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contract Life in Years |
| $5.98 – 6.25 |  |  |  | 40,000 |  |  | $ | 6.00 |  |  |  |  |
| 6.26 – 6.50 |  |  |  | 28,600 |  |  |  | 6.29 |  |  |  |  |
| 6.51 – 6.80 |  |  |  | 40,000 |  |  |  | 6.80 |  |  |  |  |
| 6.81 – 7.00 |  |  |  | 40,000 |  |  |  | 7.00 |  |  |  |  |
| $5.98 – 7.00 |  |  |  | 148,600 |  |  | $ | 6.54 |  |  |  | 4.34 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 + Details
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