STOCK BASED COMPENSATION (Tables)

6 Months Ended

Sep. 30, 2017

STOCK BASED COMPENSATION

Summary of information about options for the periods presented

The following table summarizes information about options for the six months ended September 30, 2017:

	Number Of		Weighted Average		Aggregate Intrinsic		Weighted Average Remaining 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		--		--
Forfeited		(6,000)	$	1.960		--		--
Outstanding at 9/30/2017		3,196,668	$	0.406	$	1,084,600		6.22
Vested or expected to vest at 9/30/2017		3,196,668	$	0.406	$	1,084,600		6.22
Exercisable and vested at 9/30/2017		2,576,668	$	0.394	$	934,600		6.22

Summary of activity of stock options outstanding but not vested

The following table summarizes the status of our stock options outstanding but not vested for the six month period ended September 30, 2017:

	Number of Options		Weighted Average Exercise Price
Outstanding at 3/31/2017		833,334	$	0.266
Granted		200,000	$	0.740
Vested		(413,334)	$	0.208
Outstanding at 9/30/2017		620,000	$	0.458

Stock Based Compensation By Exercise Price Range

The total fair value of shares vested during the period was $74,747. Other information relating to stock options outstanding at September 30, 2017 is as follows:

 

Range of Exercise Prices:	Options Outstanding		Weighted Average Remaining Contractual Term (in years)		Weighted Average Exercise Price		Options Exercisable		Weighted Average Exercise Price
$0.01-$1.00		3,021,668		6.92	$	0.34		2,401,668	$	0.31
$1.01-$1.96		175,000		2.84	$	1.59		175,000	$	1.59
Totals		3,196,668						2,576,668