Stock-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Grant-date Fair Value of Stock Options Granted and Assumptions Used Binomial Models

Included in the following table is a summary of the grant-date fair value of stock options granted and the related assumptions used in the Binomial models for stock options granted during the six months ended September 30, 2018 and 2017. All such amounts represent the weighted average amounts.

	Six Months Ended
	September 30
	2018			2017
Grant-date fair value	$	3.25			-
Volatility factor		55.26	%		-
Dividend yield		-			-
Risk-free interest rate		2.91	%		-
Expected term (in years)		6.25			-

Summary of Stock Options Activity

The following table is a summary of activity of stock options for the six months ended September 30, 2018:

	Number of Shares			Weighted Average  Exercise Price		Weighted Average Remaining Contract Life in Years
Outstanding at April 1, 2018		148,600		$	6.54		4.34
Granted		40,000			4.84
Exercised		(2,900	)		6.29
Forfeited or Expired		-			-
Outstanding at September 30, 2018		185,700		$	6.18		5.18
Vested at September 30, 2018		145,700		$	6.55		3.87
Exercisable at September 30, 2018		145,700		$	6.55		3.87