NOTE 8 - STOCK OPTIONS (Tables)

12 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Status of Company's Stock Options

	2016		2015
Options outstanding at beginning of year		2,590,000		3,290,000
Options granted		-		-
Options exercised		-		-
Options canceled/expired		(200,000)		(700,000	)
Options outstanding at end of year		2,390,000		2,590,000

Information about Stock Options

The following table summarizes the information about the stock options as of March 31, 2016:

Range of Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life Years	Number Exercisable
$	0.12	1,590,000	1.30	1,590,000
	0.15	500,000	0.65	500,000
	0. 50	300,000	0.25	300,000
$	0.12 – 0.50	2,390,000	1.03	2,390,000

The following table summarizes the information about the stock options as of March 31, 2015:

Range of Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life Years	Number Exercisable
$	0.12	1,590,000	2.30	1,590,000
	0.15	500,000	1.65	500,000
	0. 50	300.000	1.25	200,000
	0.25	200,000	0.25	-
$	0.12 – 0.50	2,590,000	3.18	2,290,000