Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 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 nine months ended December 31, 2018 and 2017. All such amounts represent the weighted average amounts.

	Nine Months Ended
	December 31
	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 nine months ended December 31, 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 December 31, 2018		185,700		$	6.18		4.93
Vested at December 31, 2018		145,700		$	6.55		3.62
Exercisable at December 31, 2018		145,700		$	6.55		3.62