v3.8.0.1

Stock-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options Outstanding

A summary of the options outstanding under the 2003 and 2013 Plans is as follows:

		Years ended March 31,
		2018								2017								2016
						Weighted								Weighted								Weighted
						Average								Average								Average
						Exercise								Exercise								Exercise
		Shares				Price				Shares				Price				Shares				Price
Outstanding at beginning of year			15,798,558			$	0.78				13,508,086			$	0.79				11,988,188			$	0.58
Granted			-				-				3,280,000				0.91				2,622,500				1.63
Exercised			(356,700	)			0.66				(671,028	)			0.37				(1,079,602	)			0.35
Forfeited			(95,250	)			2.01				(318,500	)			3.44				(23,000	)			4.30
Outstanding and expected to vest at end of period			15,346,608			$	0.78				15,798,558			$	0.78				13,508,086			$	0.79
Exercisable at period end			11,325,108			$	0.65				9,285,121			$	0.55				7,931,813			$	0.53
Weighted average fair value of grants during the period						$	-							$	0.57							$	1.07

Schedule of Options Outstanding and Exercisable

The following table summarizes activity pertaining to options outstanding and exercisable at March 31, 2018:

		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			273,200				0.51				273,200			$	0.22			$	278,596
$0.26 - $0.40			6,977,908				3.32				6,977,908				0.34				6,276,104
$0.41 - $1.00			5,153,500				7.42				2,348,000				0.96				660,076
$1.01 - $1.50			560,000				6.99				535,000				1.21				61,400
$1.51 - $2.00			2,382,000				7.18				1,191,000				1.67				-
			15,346,608				5.38				11,325,108			$	0.65			$	7,276,177

Summarizes Activity Pertaining to Unvested Options

The following summarizes activity pertaining to the Company’s unvested options for the years ended March 31, 2018, 2017 and 2016:

						Weighted
						Average
						Exercise
		Shares				Price
Unvested at March 31, 2015			4,924,055			$	0.70
Granted			2,622,500				1.63
Canceled or expired			(12,000	)			0.97
Vested			(1,958,282	)			0.70
Unvested at March 31, 2016			5,576,273			$	1.17
Granted			3,280,000				0.91
Canceled or expired			(138,250	)			0.55
Vested			(2,171,648	)			0.94
Unvested at March 31, 2017			6,546,375			$	1.11
Granted			-				-
Canceled or expired			(56,000	)			0.94
Vested			(2,433,875	)			1.05
Unvested at March 31, 2018			4,056,500			$	1.14

Summary of Restricted Stock Outstanding

A summary of the restricted stock outstanding under the 2013 Plan is as follows:

		Shares
Restricted stock outstanding at March 31, 2017			—
Granted			1,182,000
Canceled or expired			—
Restricted stock outstanding at March 31, 2018			1,182,000
Weighted average fair value per restricted share at grant date		$	1.65
Weighted average share price at grant date		$	1.65

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

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, 2017				March 31, 2016
Risk-free interest rate			1.37% - 1.89	%			1.39% - 1.81	%
Expected option life in years			5.5 - 6.25				5.5 - 6.25
Expected stock price volatility			68% - 69	%			70% - 73	%
Expected dividend yield			0	%			0	%

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration