STOCK BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2015

STOCK BASED COMPENSATION

Summary of information about options for the periods presented

	Number Of		Weighted Average		Aggregate Intrinsic		Weighted Average Remaining Contractual Life
	Options		Exercise Price		Value		(in years)
Outstanding at 4/1/2014	1,355,500		$	1.014	$	329,025	7.32
Granted	50,000		$	0.620
Forfeited	(215,000	)	$	0.730
Outstanding at 3/31/2015	1,190,500		$	1.049	$	21,600	5.18
Granted	—		$	—
Forfeited	(120,000	)	$	1.110
Outstanding at 6/30/2015	1,070,500		$	1.042	$	14,418	4.77
Vested or expected to vest at 6/30/2015	1,070,500		$	1.042	$	14,418	4.77
Exercisable and vested at 6/30/2015	1,044,666		$	1.052	$	14,418	4.72

Summary of activity of stock options outstanding but not vested

	Number of Options		Weighted Average Exercise Price
Outstanding at 3/31/2015	112,500		$	0.664
Granted	—		$	—
Forfeited	(40,000	)	$	0.670
Vested	(46,666	)	$	0.670
Outstanding at 6/30/2015	25,834		$	0.646