STOCK BASED COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2017

STOCK BASED COMPENSATION

Summary of information about options for the periods presented

							Weighted
							Average
			Weighted		Aggregate		Remaining
	Number Of		Average		Intrinsic		Contractual Life
	Options		Exercise Price		Value		(in years)
Outstanding at 3/31/2015		1,190,500	$	1.049	$	21,600		5.18
Granted		1,530,000	$	0.110
Exercised		(135,000)	$	0.080
Forfeited		(187,000)	$	0.841
Outstanding at 3/31/2016		2,398,500	$	0.711	$	183,900		7.90
Granted		1,066,668	$	0.516		250,000
Expired		(440,000)	$	0.770
Forfeited		(22,500)	$	0.912
Outstanding at 3/31/2017		3,002,668	$	0.387	$	1,246,600		5.72
Vested or expected to vest at 3/31/2017		3,002,668	$	0.387	$	1,246,600		5.72
Exercisable and vested at 3/31/2017		2,169,334	$	0.434	$	843,266		5.72

Summary of activity of stock options outstanding but not vested

			Weighted
	Number of		Average
	Options		Exercise Price
Outstanding at 3/31/2015		112,500	$	0.664
Granted		1,530,000	$	0.110
Forfeited		(40,000)	$	0.670
Vested		(574,166)	$	0.216
Outstanding at 3/31/2016		1,028,334	$	0.117
Granted		1,066,668	$	0.516
Forfeited		(13,333)	$	0.670
Vested		(1,248,335)	$	0.352
Outstanding at 3/31/2017		833,334	$	0.266

Stock Based Compensation By Exercise Price Range

			Weighted
			Average
			Remaining		Weighted				Weighted
	Options		Contractual		Average		Options		Average
Range of Exercise Prices:	Outstanding		Term		Exercise Price		Exercisable		Exercise Price
$0.01-$1.00		2,821,668		6.40	$	0.31		1,988,334	$	0.33
$1.01-$1.96		181,000		3.28	$	1.60		181,000	$	1.60
Totals		3,002,668						2,169,334