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9. Stock Compensation (Tables)

6 Months Ended

Sep. 30, 2018

Share based compensation expense

		Three Months Ended September 30, 2018				Three Months Ended September 30, 2017				Six Months Ended September 30, 2018				Six Months Ended September 30, 2017
Vesting of stock options and restricted stock units		$	336,496			$	283,534			$	599,658			$	564,445
Total stock-based compensation expense		$	336,496			$	283,534			$	599,658			$	564,445
Weighted average number of common shares outstanding – basic and diluted			17,789,236				9,032,157				17,771,918				8,939,624
Basic and diluted loss per common share attributable to stock-based compensation expense		$	(0.02	)		$	(0.03	)		$	(0.03	)		$	(0.06	)

Restricted Stock [Member]

Options vested and expected to vest

		Number of RSUs
Vested			46,125
Expected to vest			342,926
Total			389,051

Options [Member]

Options vested and expected to vest

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term in Years
Vested			356,047			$	8.83				3.84
Expected to vest			18,000			$	1.68				8.71
Total			374,047

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 outstanding

		Amount				Range of Exercise Price				Weighted Average Exercise Price
Stock options outstanding at March 31, 2018			409,047				$1.68-$20.50			$	9.51
Exercised			–				–			$	–
Granted			–				–			$	–
Cancelled/Expired			35,000			$	20.50			$	20.50
Stock options outstanding at September 30, 2018			374,047				$1.68 – $12.50			$	8.48
Stock options exercisable at September 30, 2018			356,047				$1.68 – $12.50			$	8.83

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.

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