SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Mar. 31, 2015

Equity [Abstract]

Schedule of Stock Options Roll Forward [Table Text Block]

The following tables summarize the status of stock options at March 31, 2014 and option transactions for the year then ended:

		Weighted Average
For the Year Ended March 31, 2014:	Number of Shares	Exercise Price
Exercised on March 14, 2014 – Grant 1	25,000	3.25
Expired on December 14, 2013 – Grant 2	97,000	5.51
	122,000	5.05

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Status as of March 31, 2014	Number of Shares
Presently exercisable		0
Outstanding options by Grant as of March 31, 2013
Number of options – Grant 1		25,000
Average exercise price per option	$	3.25
Exercised		March 14, 2014
Number of options – Grant 2		97,000
Average exercise price per option	$	5.51
Expired unexercised		December 14, 2013