Stock Compensation (Tables)

12 Months Ended

Mar. 31, 2015

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

Schedule of Changes in Outstanding Options

Changes in outstanding options under the 1997 Plan, the 2005 Plan and the Omnibus Plan during the fiscal years ended March 31, 2015, 2014 and 2013 are as follows:

	2015
	Number of options			Range of  exercise price		Weighted average exercise price		Weighted average remaining contractual term		Aggregate intrinsic value
				US$ (per share)		US$ (per share)		(years)		US$
Outstanding, at beginning of fiscal year		351,251			4.75 – 15.56		12.14		3.91		—
Granted		—			—		—
Expired		—			—		—
Exercised		—			—		—
Forfeited		(20,000	)		8.99		8.99
Outstanding, at end of fiscal year		331,251			4.75 – 15.56		12.33		2.80		—
Vested and expected to be vested at March 31, 2015		331,251			4.75 – 15.56		12.33		2.80		—
Exercisable, at end of fiscal year		330,001			4.75 – 15.56		12.36		2.78

Changes in outstanding options under both the 1997 Plan, the 2005 Plan and the Omnibus Plan during the fiscal years ended March 31, 2015, 2014 and 2013 are as follows: (continued)

	2014
	Number of options			Range of exercise price		Weighted average exercise price		Weighted average remaining contractual term		Aggregate intrinsic value
				US$ (per share)		US$ (per share)		(years)		US$
Outstanding, at beginning of fiscal year		419,751			4.75 – 30.56		14.96		4.28		—
Granted		—			—		—
Expired		(65,500	)		30.40 –30.56		30.55
Exercised		(3,000	)		4.75		4.75
Forfeited		—			—		—
Outstanding, at end of fiscal year		351,251			4.75 – 15.56		12.14		3.91		—
Vested and expected to be vested at March 31, 2014		351,251			4.75 – 15.56		12.14		3.91		—
Exercisable, at end of fiscal year		343,751			4.75 – 15.56		12.22		3.85

	2013
	Number of options			Range of exercise price		Weighted average exercise price		Weighted average remaining contractual term		Aggregate intrinsic value
				US$ (per share)		US$ (per share)		(years)		US$
Outstanding, at beginning of fiscal year		339,701			8.99 – 30.56		17.66		3.96		—
Granted		86,000			4.75		4.75
Expired		—			—		—
Exercised		—			—		—
Forfeited		(5,950	)		15.60 – 30.56		21.26
Outstanding, at end of fiscal year		419,751			4.75 – 30.56		14.96		4.28		—
Vested and expected to be vested at March 31, 2013		419,751			4.75 – 30.56		14.96		4.28		—
Exercisable, at end of fiscal year		369,752			4.75 – 30.56		13.41		4.60

Schedule of Changes in Stock Grants

Changes in stock grants during the fiscal years ended March 31, 2015, 2014 and 2013 are as follows:

	2015				2014				2013
	Stock		Weighted average grant-date fair value		Stock		Weighted average grant-date fair value		Stock			Weighted average grant-date fair value
			US$				US$					US$
Non-vested, at beginning of fiscal year		—		—		—		—		750			10,380
Granted		—		—		—		—		—			—
Vested		—		—		—		—		(750	)		10,380
Non-vested, at end of fiscal year		—		—		—		—		—			—

Summary of Options by Exercise Price Range

Further details relating to the options granted under the 1997 Plan, the 2005 Plan and the Omnibus Plan that are outstanding as of March 31, 2015 are as follows:

	Options outstanding as of March 31, 2015			Options exercisable as of March 31, 2015
Number of options	Range of exercise price per option	Weighted average remaining contractual life	Weighted average exercise price per option	Number of options	Weighted average exercise price per option
	US$ (per share)	(years)	US$ (per share)		US$ (per share)
83,000	4.75	7.31	4.75	81,750	4.75
248,251	13.20 - 15.60	1.29	14.87	248,251	14.87
331,251				330,001

Summary of Fair Value of Options Granted

The fair value of the options granted was estimated on the date of grant using the following assumptions:

	2015		2014		2013
Risk-free Interest Rate		—		—		0.97% - 1.50	%
Expected Dividend Yield		—		—		0	%
Expected Option Life		—		—		7 - 10 years
Expected Stock Price Volatility		—		—		53.28% - 58.71	%