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STOCK-BASED COMPENSATION (Tables)
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12 Months Ended |
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Mar. 31, 2013
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| Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] |
The following table summarizes activity pertaining to options outstanding and exercisable at March 31, 2013: | | | Options Outstanding | | Options Exercisable | | | | | | | | | | | Weighted | | | | | | | | | | | | | | | | | Average | | | | | Weighted | | | | | | | | | | | Remaining | | | | | Average | | Aggregate | | | Range of | | | | | Life in | | | | | Exercise | | Intrinsic | | | Exercise Prices | | Shares | | Years | | Shares | | Price | | Value | | | $0.01 $0.25 | | | 631,400 | | | 5.57 | | | 631,400 | | $ | 0.22 | | $ | 55,351 | | | $0.26 $0.35 | | | 7,031,865 | | | 7.64 | | | 3,160,058 | | | 0.34 | | | 27,082 | | | $1.01 $2.00 | | | 68,000 | | | 4.84 | | | 68,000 | | | 1.82 | | | | | | $5.01 $6.00 | | | 181,000 | | | 0.84 | | | 181,000 | | | 6.00 | | | | | | $6.01 $7.00 | | | 17,000 | | | 3.99 | | | 17,000 | | | 6.36 | | | | | | $7.01 $8.00 | | | 184,000 | | | 2.68 | | | 184,000 | | | 7.57 | | | | | | $8.01 $9.00 | | | 7,500 | | | 3.86 | | | 7,500 | | | 9.00 | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,120,765 | | | 7.18 | | | 4,248,958 | | $ | 0.94 | | $ | 82,433 | | |
| Schedule of Nonvested Share Activity [Table Text Block] |
The following summarizes activity pertaining to the Company’s unvested options for the years ended March 31, 2013 and 2012: | | | | | | Weighted | | | | | | | | Average | | | | | | | | Exercise | | | | | Shares | | Price | | | Unvested at March 31, 2011 | | | 2,688,100 | | $ | 0.34 | | | | | | | | | | | | Granted | | | 1,837,349 | | | 0.32 | | | Canceled or expired | | | (16,250) | | | 0.35 | | | Vested | | | (915,200) | | | 0.34 | | | | | | | | | | | | Unvested at March 31, 2012 | | | 3,593,999 | | $ | 0.34 | | | | | | | | | | | | Granted | | | 1,800,166 | | | 0.30 | | | Canceled or expired | | | (8,750) | | | 0.34 | | | Vested | | | (1,513,608) | | | 0.33 | | | | | | | | | | | | Unvested at March 31, 2013 | | | 3,871,807 | | $ | 0.32 | | |
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
The fair value of options at grant date was estimated using the Black-Scholes option pricing model utilizing the following weighted average assumptions: | | | March 31, | | | | | | 2013 | | | 2012 | | | | Risk-free interest rate | | | 0.67% - 0.89 | % | | | 0.89 | % | | | Expected option life in years | | | 5.5 - 6.25 | | | | 6.04 | | | | Expected stock price volatility | | | 65 | % | | | 65 | % | | | Expected dividend yield | | | 0 | % | | | 0 | % | | |
| Warrants Liabilities [Table Text Block] |
The fair value of the warrants is a Level 3 fair value under the valuation hierarchy and was estimated using the Black-Scholes option pricing model utilizing the following assumptions: | | | March 31, 2013 | | | March 31, 2012 | | | | Risk-free interest rate | | | 0.36 | % | | | 1.07 | % | | | Expected option life in years | | | 3.25 | | | | 4.25 | | | | Expected stock price volatility | | | .40 | % | | | .55 | % | | | Expected dividend yield | | | 0 | % | | | 0 | % | | |
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Warrant [Member]
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
The following is a summary of the Company’s outstanding warrants for the periods presented: | | | | | | Weighted | | | | | | | | Average | | | | | | | | Exercise | | | | | | | | Price | | | | | Warrants | | Per Warrant | | | Warrants outstanding and exercisable, March 31, 2011 | | | 1,926,814 | | $ | 6.72 | | | | | | | | | | | | Granted | | | 11,754,087 | | | 0.38 | | | Exercised | | | | | | | | | Forfeited | | | (263,600) | | | 7.24 | | | | | | | | | | | | Warrants outstanding and exercisable, March 31, 2012 | | | 13,417,301 | | $ | 1.16 | | | | | | | | | | | | Granted | | | | | | | | | Exercised | | | | | | | | | Forfeited | | | (1,543,214) | | | 6.53 | | | | | | | | | | | | Warrants outstanding and exercisable, March 31, 2013 | | | 11,874,087 | | $ | 0.46 | | |
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Stock Option [Member]
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
Stock Options A summary of the options outstanding under the 2003 Plan is as follows: | | | Years ended March 31, | | | | | 2013 | | 2012 | | | | | | | | Weighted | | | | | Weighted | | | | | | | | Average | | | | | Average | | | | | | | | Exercise | | | | | Exercise | | | | | Shares | | Price | | Shares | | Price | | | Outstanding at beginning of year | | | 6,330,599 | | $ | 0.74 | | | 4,570,850 | | $ | 0.92 | | | Granted | | | 1,800,166 | | | 0.30 | | | 1,837,349 | | | 0.32 | | | Exercised | | | | | | 0.00 | | | | | | 0.00 | | | Forfeited | | | (10,000) | | | 0.34 | | | (77,600) | | | 1.46 | | | | | | | | | | | | | | | | | | Outstanding at end of period | | | 8,120,765 | | $ | 0.64 | | | 6,330,599 | | $ | 0.74 | | | | | | | | | | | | | | | | | | Exercisable at period end | | | 4,248,958 | | $ | 0.94 | | | 2,736,600 | | $ | 1.28 | | | | | | | | | | | | | | | | | | Weighted average fair value of grants during the period | | | | | $ | 0.16 | | | | | $ | 0.19 | | |