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STOCK BASED COMPENSATION (Tables)
3 Months Ended
Jun. 30, 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 3/31/2017
 
 
3,002,668
 
$
0.387
 
$
1,246,600
 
 
5.72
 
Granted
 
 
200,000
 
$
0.740
 
 
 
 
 
 
Outstanding at 6/30/2017
 
 
3,202,668
 
$
0.409
 
$
992,250
 
 
6.29
 
Vested or expected to vest at 6/30/2017
 
 
3,202,668
 
$
0.409
 
$
992,250
 
 
6.29
 
Exercisable and vested at 6/30/2017
 
 
2,249,334
 
$
0.445
 
$
667,875
 
 
6.29
 
Summary of activity of stock options outstanding but not vested
 
 
 
 
 
Weighted
 
 
 
Number of
 
Average
 
 
 
Options
 
Exercise Price
 
Outstanding at 3/31/2017
 
 
833,334
 
$
0.266
 
Granted
 
 
200,000
 
$
0.740
 
Vested
 
 
(80,000)
 
$
0.740
 
Outstanding at 6/30/2017
 
 
953,334
 
$
0.326
 
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
 
 
3,021,668
 
 
6.99
 
$
0.34
 
 
2,068,334
 
$
0.34
 
$1.01-$1.96
 
 
181,000
 
 
3.06
 
$
1.60
 
 
181,000
 
$
1.60
 
Totals
 
 
3,202,668
 
 
 
 
 
 
 
 
2,249,334