7. STOCK-BASED COMPENSATION PLAN (Tables)

3 Months Ended

Jun. 30, 2016

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

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

A summary of the activity in the Stock Plan during the three months ended June 30, 2016 was as follows:

	Three months ended June 30, 2016
	Options			WeightedAverageExercise Price (US$)
Outstanding at March 31, 2016		1,915,458		$	5.40
Granted		—			—
Exercised		—			—
Forfeited		(3,333	)		3.44
Outstanding at end of period		1,912,125		$	5.41

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

A summary of the options outstanding and exercisable at June 30, 2016 was as follows:

		Options Outstanding and Expected to Vest				Options Exercisable
Range of Exercise Prices US$		Number Outstanding		Weighted AverageRemaining Contractual Life		Number Exercisable		Weighted AverageRemaining Contractual Life
$	3.44— 4.99		303,404		2.2		191,742		2.2
$	5.00— 7.50		1,603,721		4.8		1,185,125		4.9
$	7.51— 20.00		5,000		0.5		5,000		0.5
			1,912,125		4.4		1,381,867		4.5

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]

The Board of Directors approved an employee stock purchase plan that was implemented on January 1, 2009 and approved by the Company’s stockholders on November 4, 2009 (the “ESPP”). The offering price per common share and number of common shares purchased for the periods ended June 30, 2016 and 2015 are as follows:

	Three Months Ended June 30,
	2016		2015
Offering Price per Common Share	$	2.28	$	6.03
Common Shares Purchased		18,187		9,749