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Stockholders' Equity (Tables)

6 Months Ended

Sep. 30, 2015

Stockholders' Equity Note [Abstract]

A summary of the Company’s restricted stock sold to employees, directors and consultants with a right of repurchase of unlapsed or unvested shares is as follows:

			Weighted
			Average		Weighted		Weighted-
			Remaining		Average		average
			Vesting		Per Share		Per Share
			Life		Intrinsic		Grant Date
	Shares		(In years)		Value		Fair Value
Unvested or unlapsed shares at March 31, 2015		12,222		0.3	$	0.50	$	4.10
Granted		-
Vested / lapsed		(12,222)		-
Forfeited		-		-		-		-
Unvested or unlapsed shares at September 30, 2015		-		-		-		-

Stock Option Transactions Under Stock Option Plans

Stock option activity for the six months ended September 30, 2015 is summarized below:

			Weighted		Weighted		Weighted
			Average		Average		Average
			Per Share		Remaining		Per Share
			Exercise		Life		Intrinsic
	Shares		Price		(Years)		Value
Balance, March 31, 2015		776,500	$	4.69		7.4	$	1.50
Granted		-
Cancelled		-
Exercised		-
Expired		-
Forfeited		-
Balance, September 30, 2015		776,500	$	3.27		7.4		3.59
Vested and exercisable, September 30, 2015		692,556	$	2.55		7.2		4.02

Summary of Restricted Stock Award

The following table summarizes the stock awards under the ACO Plan during the six months ended September 30, 2015:

			Weighted
			Average		Weighted
			Remaining		Average		Weighted
			Vesting		Per Share		Average
			Life		Intrinsic		Per Share
	Shares		(Years)		Value		Fair Value
Balance, March 31, 2015		3,752,004		0.1	$	0.70	$	0.07
Granted		-		-		-		-
Released		-		-		-		-
Balance, September 30, 2015		3,752,004		-	$	0.70	$	0.07
Vested and exercisable, end of period		3,712,675

Total Unrecognized Compensation Costs Related To Non-Vested Stock-Based Compensation Arrangements

As of September 30, 2015, total unrecognized compensation costs related to non-vested stock-based compensation arrangements granted under the Company’s 2010 Plan and 2013 Plan, and the ACO Plan’s and the weighted-average period of years expected to recognize those costs are as follows:

			Weighted
	Unrecognized		Average
	Stock		Remaining
	Compensation		Vesting Period
	Cost		(Years)
Common stock options	$	155,393		1.7
Restricted stock	$	-		-
ACO Plan restricted stock	$	76		0.01

Summary of Stock Based Compensation Expense Related To Restricted Stock and Option Awards

Stock-based compensation expense related to common stock and common stock option awards is recognized over their respective vesting periods and was included in the accompanying condensed consolidated statement of operations as follows:

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Stock-based compensation expense:
Cost of services	$	1,227	$	(17,822)	$	2,454	$	10,921
General and administrative		67,659		874,341		150,279		964,737
	$	68,886	$	856,519	$	152,733	$	975,658

Warrants Outstanding

Warrants consisted of the following for the six months ended September 30, 2015:

	Weighted
	Average
	Per Share
	Intrinsic		Number of
	Value		Warrants
Outstanding at March 31, 2015	$	0.46		914,500
Granted		-		-
Exercised		-		-
Cancelled		-		-
Outstanding at September 30, 2015	$	0.32		914,500

								Weighted
				Weighted				Average
Exercise Price Per		Warrants		Average Remaining		Warrants		Exercise Price Per
Share		Outstanding		Contractual Life		Exercisable		Share
$	1.15		125,000		0.8		125,000	$	1.15
	1.15		25,000		0.8		25,000		1.15
	4.50		50,000		0.8		50,000		4.50
	5.00		10,000		2.1		10,000		5.00
	4.50		82,500		2.3		82,500		4.50
	4.00		22,000		2.3		22,000		4.00
	10.00		200,000		5.5		-		10.00
	20.00		200,000		5.5		-		20.00
	10.00		100,000		5.5		-		10.00
	10.00		100,000		2.8		100,000		10.00
			914,500		3.8		414,500		4.60

Amount of Shares of Common Stock Reserved

The number of shares of common stock reserved for these purposes is as follows at September 30, 2015:

Common stock issued and outstanding		4,863,389
Conversion of 9% Notes		275,000
Conversion of 8% Notes		200,000
Warrants outstanding		914,500
Stock options outstanding		776,500
Remaining shares issuable under 2013 Plan		90,000
		7,119,389

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details