EQUITY COMPENSATION PLANS (Tables)

12 Months Ended

Mar. 31, 2015

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

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

The following table provides aggregate information as of March 31, 2015 and March 31, 2014 with respect to all compensation plans (including individual compensation arrangements) under which equity securities are authorized for issuance.

	2001 Plan				2004 Plan				2007 Plan				Other
	Outstanding  Options		Weighted  Average  Exercise  Price		Outstanding  Options		Weighted  Average  Exercise  Price		Outstanding Options		Weighted  Average  Exercise  Price		Outstanding  Options		Weighted  Average Exercise Price
Options outstanding,March 31, 2013 and March 31, 2014		12,500		1.20		432,500		0.96		1,000,000		1.21		350,000		0.97
Expired		(12,500)		—		—		—		—		—		(200,000)		—
Options outstanding and exercisable March 31, 2015		—		—		432,500		0.96		1,000,000		1.21		150,000		0.97
Options exercisable March 31, 2015		—		—		432,500		0.96		1,000,000		1.21		150,000		0.97
Exercise price range	$	—			$	0.50 - $2.46			$	1.21			$	1.75
Weighted average remaining life		—				3.00 years				3.12 years				1.56 years

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

A summary of the Company’s equity compensation plans approved and not approved by shareholders is as follows:

Plan Category	Number of securities to be issued upon exercise of of outstanding options, warrants and rights		Weighted-average exercise price of outstanding options warrants and rights		Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
Equity Compensation Plans approved by security holders		1,445,000	$	1.17		605,000
Equity Compensation Plans not approved by security holders		820,000	$	0.97		NA
Total		2,265,000	$	1.10		605,000