STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Dec. 31, 2019

STOCK PLANS AND STOCK-BASED COMPENSATION

Schedule of activity related to stock options under the Stock Option Plans

	Nine Months Ended			Nine Months Ended
	December 31, 2019			December 31, 2018
		Weighted			Weighted
		Average			Average
	Number of	Exercise		Number of	Exercise
	Shares	Price		Shares	Price
Balance, beginning of period	101,332	$	3.26	141,365	$	3.77
Options exercised	(58,000)		3.69	(28,533)		5.30
Expired	—		—	(2,500)		8.12
Balance, end of period	43,332		2.69	110,332	$	3.27

Schedule of information on stock options outstanding under the Stock Option Plans

	2019		2018
Stock options fully vested and expected to vest:
Number		43,332		110,332
Weighted average exercise price	$	2.69	$	3.27
Aggregate intrinsic value (1)	$	239,000	$	442,000
Weighted average contractual term of options (years)		3.05		2.44
Stock options fully vested and currently exercisable:
Number		43,332		110,332
Weighted average exercise price	$	2.69	$	3.27
Aggregate intrinsic value (1)	$	239,000	$	442,000
Weighted average contractual term of options (years)		3.05		2.44

(1)  The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company’s stock.

Schedule of unvested restricted stock activity

The following table presents the activity related to restricted stock as of December 31, 2019:

	Time Based			Performance Based			Total
		Weighted			Weighted			Weighted
	Number of	Average		Number of	Average		Number of	Average
	Unvested	Market		Unvested	Market		Unvested	Market
	Shares	Price		Shares	Price		Shares	Price
Balance, beginning of period	—	$	—	—	$	—	—	$	—
Granted	49,298		8.35	33,375		8.35	82,673		8.35
Forfeited	—		—	—		—	—		—
Vested	—		—	—		—	—		—
Balance, end of period	49,298	$	8.35	33,375	$	8.35	82,673	$	8.35