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9. Stock Compensation (Tables)

9 Months Ended

Dec. 31, 2017

Restricted Stock [Member]

Share based compensation expense

		Three Months Ended December 31, 2017				Three Months Ended December 31, 2016				Nine Months Ended December 31, 2017				Nine Months Ended December 31, 2016
Vesting of stock options and restricted stock units		$	323,162			$	306,159			$	887,607			$	1,880,150
Total stock-based compensation expense		$	323,162			$	306,159			$	887,607			$	1,880,150
Weighted average number of common shares outstanding – basic and diluted			14,950,701				7,927,031				10,927,106				7,768,682
Basic and diluted loss per common share attributable to stock-based compensation expense		$	(0.02	)		$	(0.04	)		$	(0.08	)		$	(0.24	)

Options vested and expected to vest

		Number of RSUs
Vested			46,125
Expected to vest			432,830
Total			478,955

Options [Member]

Options vested and expected to vest

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term in Years
Vested			432,047			$	10.98				3.64
Expected to vest			27,000			$	1.68				9.46
Total			459,047

Schedule of stock options valuation assumptions

Risk free interest rate			2.21%
Average expected life			10 years
Expected volatility			92.14%
Expected dividends			None

Summary of stock options activity

		Amount				Range of Exercise Price				Weighted Average Exercise Price
Stock options outstanding at March 31, 2017			432,047				$3.80-$20.50				$10.98
Exercised			–				–				–
Granted			27,000				$1.68				$1.68
Cancelled/Expired			–				–				–
Stock options outstanding at December 31, 2017			459,047				$1.68-$20.50				$10.44
Stock options exercisable at December 31, 2017			432,047				$3.80-$20.50				$10.98

X

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ 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=96867065&loc=d3e5070-113901

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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

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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

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+ References

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