8. Shareholders' Equity (Tables)

12 Months Ended

Mar. 31, 2014

Equity [Abstract]

Share-Based Compensation

A summary of the status of the Company’s non-vested shares under the Director Compensation Plan as of March 31, 2014 and 2013, and changes during the years ended on those dates is presented below:

	2014						2013
				Weighted						Weighted
				Average						Average
				Grant						Grant
				Date Fair						Date Fair
	Shares			Value			Shares			Value
Non-vested shares, beginning of year		11,755		$	207,000			14,779		$	186,000
Granted		6,525			108,000			4,929			108,000
Vested		(6,554	)		(99,000	)		(7,953	)		(87,000	)
Forfeited		-			-			-			-
Non-vested shares, end of year		11,726		$	216,000			11,755		$	207,000

A summary of the status of the Company’s non-vested shares under the Equity Incentive Compensation Plan as of March 31, 2014 and 2013, and changes during the years ended on those dates is presented below:
	2014						2013
				Weighted						Weighted
				Average						Average
				Grant						Grant
				Date Fair						Date Fair
	Shares			Value			Shares			Value
Non-vested shares, beginning of year		7,466		$	128,000			-		$	-
Granted		5,013			83,000			9,027			155,000
Vested		(2,918	)		(47,000	)		(1,275	)		(21,000	)
Forfeited		(2,713	)		(30,000	)		(286	)		(6,000	)
Non-vested shares, end of year		6,848		$	134,000			7,466		$	128,000