7. STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Dec. 31, 2015

Stockholders' equity

Summary of stockholders' equity transactions

	Common stock				Additional paid-in		Accumulated			total stockholders’
	Shares		Amount		capital		deficit			equity
			$		$		$			$
Balance, April 1, 2015		293,378,330		293,378		82,931,048		(81,507,526	)		1,716,900
Stock-based compensation		–		–		67,961		–			67,961
Shares issued on exercise of stock options		300,000		300		6,300		–			6,600
Net income for the period		–		–		–		(838,526	)		(838,526	)
Balance, December 31, 2015		293,678,330		293,678		83,005,309		(82,346,052	)		952,935

Stock option activity table

				Weighted average		Aggregate
	Shares			exercise price		Intrinsic Value
	#			$		$
Outstanding April 1, 2015		5,948,578			0.0670
Granted		–			–
Exercised		(300,000	)		0.0220
Canceled/expired		(1,148,578	)		0.027
Outstanding December 31, 2015		4,500,000			0.0799	$	–
Exercisable at December 31, 2015		3,480,000			0.0711	$	–