STOCK BASED COMPENSATION (Tables)

6 Months Ended

Sep. 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	50,000		$	0.620	—		—
Forfeited	(200,000	)	$	0.678	—		—
Outstanding at 9/30/2014	1,205,500		$	1.028	$	—	6.56
Vested or expected to vest 9/30/2014	1,205,500		$	1.028	$	—	6.56
Exercisable at 9/30/2014	860,499		$	1.112	$	—	6.28

Summary of activity of stock options outstanding but not vested

	Number of Options		Weighted Average
Outstanding at 3/31/2014	621,333		$	0.967
Granted	50,000		$	0.620
Vested	(178,665	)	$	1.000
Forfeited	(116,667	)	$	0.678
Expired	(31,000	)	$	1.960
Outstanding at 9/30/2014	345,001		$	0.877