Stockholders' Equity

9 Months Ended

Dec. 31, 2014

Stockholders' Equity [Abstract]

Stockholders' Equity

(9) Stockholders’ Equity

Changes in the components of stockholders’ equity during the quarter and nine month period ended December 31, 2014 were as follows: 

	Number of
	common				Additional				Total
	shares		Common		paid-in		Accumulated		stockholders’
	issued		stock		capital		deficit		equity
Balances at April 1, 2014		39,777,767	$	397,778	$	121,325,762	$	(93,948,545)	$	27,774,995
Issuance of common stock under
employee stock purchase plan		12,052		120		21,935		-		22,055
Issuance of common stock under
stock bonus plan		3,666		37		(37)		-		-
Issuance of common stock upon exercise
of employee options		5,053		50		4,447		-		4,497
Compensation expense from employee
and director stock option and common
stock grants		-		-		166,658		-		166,658
Net loss		-		-		-		(1,310,037)		(1,310,037)
Balances at June 30, 2014		39,798,538	$	397,985	$	121,518,765	$	(95,258,582)	$	26,658,168
Issuance of common stock under
stock bonus plan		284,385		2,844		29,600		-		32,444
Retirement of vested shares		(82,939)		(829)		(170,911)		-		(171,740)
Compensation expense from employee
and director stock option and common
stock grants		-		-		197,477		-		197,477
Net loss		-		-		-		(1,990,714)		(1,990,714)
Balances at September 30, 2014		39,999,984	$	400,000	$	121,574,931	$	(97,249,296)	$	24,725,635
Compensation expense from employee
and director stock option and common
stock grants		-		-		153,313		-		153,313
Net loss		-		-		-		(1,371,465)		(1,371,465)
Balances at December 31, 2014		39,999,984	$	400,000	$	121,728,244	$	(98,620,761)	$	23,507,483