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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
Grant dates
 
July 2018
 
 
November 2017
 
 
April 2017
 
Number of options granted   
 
 
150,000
 
 
 
200,000
 
 
 
200,000
 
Grant date stock price   
 
$
0.80
 
 
$
0.60
 
 
$
0.74
 
Vesting period   
 
 
grant date
 
 
 
one
year
 
 
 
 
one
year
 
Grant date fair value    
 
$
46,658
 
 
$
99,720
 
 
$
120,198
 
Volatility   
 
 
104.9
%
 
 
107.2
%
 
 
110.1
%
Risk-free interest rate
 
 
2.58
%
 
 
2.06
%
 
 
1.88
%
Expected life – years   
 
 
2.00
 
 
 
6.25
 
 
 
6.40
 
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 3/31/2017
 
 
3,002,668
 
 
$
0.387
 
 
$
1,246,600
 
 
 
5.72
 
Granted
 
 
400,000
 
 
$
0.670
 
 
 
 
 
 
 
 
 
Expired
 
 
(8,000
)
 
$
1.960
 
 
 
 
 
 
 
 
 
Outstanding at 3/31/2018
 
 
3,394,668
 
 
$
0.417
 
 
$
698,200
 
 
 
6.72
 
Granted
 
 
150,000
 
 
$
0.800
 
 
 
 
 
 
 
 
 
Exercised
 
 
(365,000
)
 
$
0.271
 
 
 
 
 
 
 
 
 
Canceled
 
 
(241,668
)
 
$
1.226
 
 
 
 
 
 
 
 
 
Outstanding at 3/31/2019
 
 
2,938,000
 
 
$
0.416
 
 
$
1,869,200
 
 
 
6.74
 
Vested or expected to vest at 3/31/2019
 
 
2,938,000
 
 
$
0.416
 
 
$
1,869,200
 
 
 
6.74
 
Exercisable and vested at 3/31/2019
 
 
2,938,000
 
 
$
0.416
 
 
$
1,869,200
 
 
 
6.74
 
Summary of activity of stock options outstanding but not vested
 
 
Number of
Options
 
 
Weighted
Average
Exercise Price
 
Outstanding at 3/31/2017
 
 
833,334
 
 
$
0.266
 
Granted
 
 
400,000
 
 
$
0.670
 
Vested
 
 
(1,133,334
)
 
$
0.379
 
Outstanding at 3/31/2018
 
 
100,000
 
 
$
0.600
 
Granted
 
 
150,000
 
 
$
0.800
 
Vested
 
 
(250,000
)
 
$
0.720
 
Outstanding at 3/31/2019
 
 
-
 
 
$
-
 
Stock Based Compensation By Exercise Price Range
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
 
 
 
2,840,000
 
 
 
7.20
 
 
$
0.37
 
 
 
2,840,000
 
 
$
0.37
 
$1.01-$1.96
 
 
 
98,000
 
 
 
1.93
 
 
$
1.84
 
 
 
98,000
 
 
$
1.84
 
Totals
 
 
 
2,938,000
 
 
 
 
 
 
 
 
 
 
 
2,938,000