STOCK BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2014

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 3/31/2014	1,355,500	$	1.014	$	329,025	7.32
Granted	—	$	—	—		—
Forfeited	—	$	—	—		—
Outstanding at 6/30/2014	1,355,500	$	1.074	$	22,075	7.33
Vested or expected to vest 6/30/2014	1,355,500	$	1.074	$	22,075	7.33
Exercisable at 6/30/2014	943,832	$	1.074	$	22,075	6.71

Summary of status of stock options outstanding but not vested

	Number of Options		Weighted Average
Outstanding at 3/31/2014	621,333		$	0.967
Granted	—		$	—
Vested	(178,665	)	$	1.000
Forfeited	(31,000	)	$	1.960
Outstanding at 6/30/2014	411,668		$	0.877