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STOCK OPTIONS (TABLES)

12 Months Ended

Mar. 31, 2014

Stock Option [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of stock option activity during the years ended March 31, 2012, 2013 and 2014 is as follows:

									Weighted			Weighted
						Weighted			average			average
			Number of			average			fair value			remaining
			stock			exercise			per stock			contractual
			options			price			option			life (years)
						$			$
Outstanding as of April 1, 2011			123,000			3.29			1.04			1.44
Exercised			(3,000)			1.65			0.95
Lapsed/cancelled			(40,000)			3.42			1.00
Outstanding as of March 31, 2012			80,000			3.29			1.07			0.98
Lapsed/cancelled			(55,000)			4.03			1.12
Outstanding as of March 31, 2013 and 2014			25,000			1.65			0.95			1.61
Exercisable as of March 31, 2014			25,000			1.65			1.05			0.61

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ 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 (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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