STOCK BASED COMPENSATION (Tables)

9 Months Ended

Dec. 31, 2016

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 3/31/2016	2,398,500		$	0.711	$	183,900	7.90
Granted	1,000,000		$	0.500
Expired	(440,000	)	$	0.912
Outstanding at 12/31/2016	2,958,500		$	0.383	$	640,349	8.66
Vested or expected to vest at 12/31/2016	2,958,500		$	0.383	$	640,349	8.66
Exercisable and vested at 12/31/2016	1,958,500		$	0.451	$	373,163	8.37

Summary of activity of stock options outstanding but not vested

	Number of Options		Weighted Average Exercise Price
Outstanding at 3/31/2016	1,028,334		$	0.117
Granted	1,000,000		$	0.500
Expired	(13,334	)	$	0.670
Vested	(1,015,000	)	$	0.080
Outstanding at 12/31/2016	1,000,000		$	0.250

Stock Based Compensation By Exercise Price Range

Other information relating to stock options outstanding at December 31, 2016 is as follows:

Range of Exercise Prices:	Options Outstanding	Weighted Average Remaining Contractual Term	Weighted Average Exercise Price		Options Exercisable	Weighted Average Exercise Price
$0.01-$1.00	2,770,000	8.37	$	0.30	1,770,000	$	0.33
$1.01-$1.96	188,500	0.29	$	1.59	188,500	$	1.59
Totals	2,958,500				1,958,500