Stockholders' Equity (Tables)

9 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Schedule of Nonvested Share Activity

A summary of the Company’s restricted stock sold to employees, directors and consultants with a right of repurchase of unlapsed or unvested shares is as follows:

			Weighted Average Remaining Vesting		Weighted Average Per Share		Weighted- average Per Share
			Life		Intrinsic		Grant Date
	Shares		(In years)		Value		Fair Value
Unvested or unlapsed shares at March 31, 2015		12,222		0.3	$	0.50	$	4.10
Granted		-
Vested / lapsed		(12,222)		-
Forfeited		-		-		-		-
Unvested or unlapsed shares at December 31, 2015		-		-		-		-

Stock Option Transactions Under Stock Option Plans

Stock option activity for the nine-month period ended December 31, 2015 is summarized below:

	Shares		Weighted Average Per Share Exercise Price		Weighted Average Remaining Life (Years)		Weighted Average Per Share Intrinsic Value
Balance, March 31, 2015		776,500	$	4.69		7.4	$	1.50
Granted		-
Cancelled		-
Exercised		-
Expired		-
Forfeited		(86,500)		2.63
Balance, December 31, 2015		690,000	$	3.35		7.1		2.57
Vested and exercisable, December 31, 2015		619,181	$	2.67		7.0		2.86

Summary of Restricted Stock Award

The following table summarizes the stock awards under the ACO Plan during the nine months ended December 31, 2015:

	Shares		Weighted Average Remaining Vesting Life (Years)		Weighted Average Per Share Intrinsic Value		Weighted Average Per Share Fair Value
Balance, March 31, 2015		3,752,004		0.1	$	0.70	$	0.07
Granted		-		-		-		-
Released		-		-		-		-
Balance, December 31, 2015		3,752,004		-	$	0.70	$	0.07
Vested and exercisable, end of period		3,748,675

Total Unrecognized Compensation Costs Related To Non-Vested Stock-Based Compensation Arrangements

As of December 31, 2015, total unrecognized compensation costs related to non-vested stock-based compensation arrangements granted under the Company’s 2010 Plan and 2013 Plan, and the ACO Plan’s and the weighted-average period of years expected to recognize those costs are as follows:

	Unrecognized Stock Compensation Cost		Weighted Average Remaining Vesting Period (Years)
Common stock options	$	128,962		1.5
Restricted stock	$	-		-
ACO Plan restricted stock	$	-		-

Summary of Stock Based Compensation Expense Related To Restricted Stock and Option Awards

Stock-based compensation expense related to common stock and common stock option awards is recognized over their respective vesting periods and was included in the accompanying condensed consolidated statement of operations as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2015		2014		2015		2014
Stock-based compensation expense:
Cost of services	$	1,227	$	1,227	$	3,682	$	12,148
General and administrative		25,280		155,325		175,608		1,120,062
	$	26,507	$	156,552	$	179,290	$	1,132,210

Warrants Outstanding

Warrants consisted of the following for the nine months ended December 31, 2015:

	Weighted Average Per Share
	Intrinsic		Number of
	Value		Warrants
Outstanding at March 31, 2015	$	0.46		914,500
Granted		-		1,111,111
Exercised		-		(500,000)
Cancelled		-		-
Outstanding at December 31, 2015	$	1.94		1,525,611

								Weighted
				Weighted				Average
Exercise Price Per Share		Warrants Outstanding		Average Remaining Contractual Life		Warrants Exercisable		Exercise Price Per Share
$	1.15		125,000		0.6		125,000	$	1.15
	1.15		25,000		0.6		25,000		1.15
	4.50		50,000		0.6		50,000		4.50
	5.00		10,000		1.8		10,000		5.00
	4.50		82,500		2.1		82,500		4.50
	4.00		22,000		2.1		22,000		4.00
	9.00		1,111,111		4.8		1,111,111		9.00
	10.00		100,000		2.6		100,000		10.00
			1,525,611		3.9		1,525,611		7.80

Amount of Shares of Common Stock Reserved

The number of shares of common stock reserved for these purposes is as follows at December 31, 2015: 

Common stock issued and outstanding	5,463,389
Conversion of 9% Notes	275,000
Preferred stock	1,111,111
Warrants outstanding	1,525,611
Stock options outstanding	690,000
	9,065,111