STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Sep. 30, 2021

STOCK PLANS AND STOCK-BASED COMPENSATION

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

	Six Months Ended September 30,			Six Months Ended September 30,
	2021			2020
		Weighted			Weighted
		Average			Average
	Number of	Exercise		Number of	Exercise
	Shares	Price		Shares	Price
Balance, beginning of period	23,332	$	2.78	43,332	$	2.69
Options exercised	(6,000)		2.78	(5,000)		1.97
Balance, end of period	17,332	$	2.78	38,332	$	2.78

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

	2021		2020
Stock options fully vested and expected to vest:
Number		17,332		38,332
Weighted average exercise price	$	2.78	$	2.78
Aggregate intrinsic value (1)	$	78,000	$	52,000
Weighted average contractual term of options (years)		1.79		2.60
Stock options fully vested and currently exercisable:
Number		17,332		38,332
Weighted average exercise price	$	2.78	$	2.78
Aggregate intrinsic value (1)	$	78,000	$	52,000
Weighted average contractual term of options (years)		1.79		2.60

(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

	Time Based			Performance Based			Total
	Number	Weighted		Number	Weighted		Number	Weighted
	of	Average		of	Average		of	Average
	Unvested	Market		Unvested	Market		Unvested	Market
Six Months Ended September 30, 2021	Shares	Price		Shares	Price		Shares	Price
Balance, beginning of period	45,616	$	6.57	96,772	$	5.27	142,388	$	5.69
Granted	12,298		6.96	45,082		6.96	57,380		6.96
Forfeited	—		—	—		—	—		—
Vested	(29,618)		7.43	(12,732)		8.35	(42,350)		7.71
Cancelled	—		—	—		—	—		—
Balance, end of period	28,296	$	5.83	129,122	$	5.56	157,418	$	5.61

	Time Based			Performance Based			Total
	Number	Weighted		Number	Weighted		Number	Weighted
	of	Average		of	Average		of	Average
	Unvested	Market		Unvested	Market		Unvested	Market
Six Months Ended September 30, 2020	Shares	Price		Shares	Price		Shares	Price
Balance, beginning of period	49,298	$	8.35	33,375	$	8.35	82,673	$	8.35
Granted	19,453		4.17	71,310		4.17	90,763		4.17
Forfeited	—		—	—		—	—		—
Vested	(23,135)		8.35	—		—	(23,135)		8.35
Cancelled	—		—	(7,913)		8.35	(7,913)		8.35
Balance, end of period	45,616	$	6.57	96,772	$	5.27	142,388	$	5.69