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10. STOCK COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2011
Note 10. Stock Compensation  
Components of share-based compensation expenses relating to shares and options granted

The following tables summarize share-based compensation expenses relating to shares and options granted and the effect on basic and diluted loss per common share during the three months ended June 30, 2012 and 2011:

 

    June 30, 2012   June 30, 2011
Vesting of Stock Options   $ 52,794     $ 127,364  
Incremental fair value of option Modifications     19,838        
Vesting Expense Associated with CEO Restricted Stock Grant     96,667       96,667  
Direct Stock Grants                
Total Stock-Based Compensation Expense   $ 169,299     $ 224,031  
                 
Basic and diluted loss per common share   $ (0.00 )   $ (0.00 )

Summary of share-based compensation expenses relating to shares and options granted

Options outstanding that have vested and are expected to vest as of June 30, 2012 are as follows:

 

    Number of Shares   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term in Years
                         
Vested     17,478,690     $ 0.32       3.80  
Expected to vest     1,950,003     $ 0.25       8.25  
Total     19,428,693                  

Options outstanding

Options outstanding that have vested and are expected to vest as of June 30, 2012 are as follows:

 

   Number of Shares  Weighted Average Exercise Price  Weighted Average Remaining Contractual Term in Years
                
Vested   17,478,690   $0.32    3.80 
Expected to vest   1,950,003   $0.25    8.25 
Total   19,428,693          

 

Stock option activity

A summary of stock option activity during the three months ended June 30, 2012 is presented below:

 

    Amount    

Range of Exercise

 Price

   

Weighted Average

Exercise

 Price

 
Stock options outstanding at March 31, 2012     19,428,693     $ 0.21 - $0.41       $ 0.14  
Exercised     --     $ --          
Issued     --     $ --          
Cancelled/Expired     --     $ --          
Stock options outstanding at June 30, 2012     19,428,693     $ 0.21 - $0.41       $ 0.32  
Stock options exercisable at June 30, 2012     17,478,690     $ 0.21 - $0.41       $ 0.32