STOCK BASED COMPENSATION (Tables)

6 Months Ended

Sep. 30, 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 3/31/2013	2,484,000		$	1.027	$	776,475	9.07
Granted	400,000		$	0.670	—		—
Forfeited	(1,331,000	)	$	0.952	—		—
Outstanding at 9/30/2013	1,553,000		$	0.970	$	17,750	7.17
Vested or expected to vest 9/30/2013	1,553,000		$	0.970	$	17,750	7.17
Exercisable at 9/30/2013	1,001,667		$	0.986	$	17,750	5.22

Summary of activity of stock options outstanding but not vested

	Number of Options		Weighted Average
Outstanding at 3/31/2013	854,334		$	1.249
Granted	400,000		$	0.670
Vested	(155,334	)	$	1.126
Forfeited	(547,667	)	$	1.171
Outstanding at 9/30/2013	551,333		$	0.941