STOCK BASED COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2013

STOCK BASED COMPENSATION

Summary of information about options for the most recent annual income statements presented

	Number Of		Weighted Average		Aggregate Intrinsic		Weighted Average Remaining Contractual Life
	Options		Exercise Price		Value		(in years)
Outstanding at 3/31/2011	2,046,661		$	0.738	$	1,969,075	7.05
Granted	647,000		$	1.916
Forfeited	(73,000	)	$	1.662
Exercised	(204,995	)	$	0.385
Outstanding at 3/31/2012	2,415,666		$	1.040	$	107,375	7.71
Granted	120,000		$	0.820
Forfeited	(51,666	)	$	1.150
Outstanding at 3/31/2013	2,484,000		$	1.027	$	776,475	9.07
Vested or expected to vest 3/31/2013	1,984,000		$	1.003	$	626,375	6.68
Exercisable at 3/31/2013	1,629,666		$	0.910	$	573,475	4.91

Summary of status of stock options outstanding but not vested

	Number of Options		Weighted Average
Outstanding at 3/31/2011	1,440,000		$	0.783
Granted	647,000		$	1.916
Forfeited	(83,000	)	$	1.960
Vested	(515,000	)	$	0.798
Outstanding at 3/31/2012	1,489,000		$	1.205
Granted	120,000		$	0.820
Forfeited	(51,666	)	$	1.150
Vested	(703,000	)	$	1.090
Outstanding at 3/31/2013	854,334		$	1.249