XML 18 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
 9 Months Ended
Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

 

 

 

 

 

 

 

December 31,

 

Nine Months Ended December 31,

 

 

2012

 

2013

 

2012

Weighted average estimated

 

 

 

 

 

 

 

 

 

 

 

 

fair value of grant

 

$
0.43 

 

 

$
0.67 

 

 

$
0.56 

 

Expected life (in years)

 

 
2.5 

 

 

 
4.8 

 

 

 
6.3 

 

Risk free interest rate

 

 
0.73 

%

 

 
2.30 

%

 

 
1.30 

%

Expected volatility

 

 
81.85 

%

 

 
73.91 

%

 

 
72.80 

%

Expected dividend yield

 

 
0.00 

%

 

 
0.00 

%

 

 
0.00 

%

 

Schedule Of Share-Based Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended December 31,

 

Nine Months Ended December 31,

 

 

2013

 

2012

 

2013

 

2012

Costs of contract services

 

$
3,647 

 

$
6,062 

 

$
15,712 

 

$
16,362 

Costs of product sales

 

 
10,565 

 

 
13,492 

 

 
30,883 

 

 
35,329 

Research and development

 

 
4,282 

 

 
846 

 

 
7,544 

 

 
2,152 

Production engineering

 

 
30,659 

 

 
35,765 

 

 
103,007 

 

 
114,360 

Selling, general and administrative

 

 
123,487 

 

 
163,898 

 

 
453,570 

 

 
852,537 

 

 

$
172,640 

 

$
220,063 

 

$
610,716 

 

$
1,020,740 

 

Equity Incentive Plan [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Nonvested Share Activity

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2013

 

Nine Months Ended December 31, 2012

 

 

 

Weighted-Average

 

 

 

Weighted-Average

 

Shares Under    

 

Grant Date

 

Shares Under    

 

Grant Date

 

Option     

 

Fair Value

 

Option     

 

Fair Value

Non-vested at April 1
1,152,828 

 

$
0.84 

 
668,722 

 

$
1.69 

Granted
89,340 

 

$
0.68 

 
1,418,792 

 

$
0.56 

Vested
(533,380)

 

$
0.92 

 
(888,089)

 

$
1.00 

Forfeited
(12,262)

 

$
0.84 

 
(38,810)

 

$
1.37 

Non-vested at December 31
696,526 

 

$
0.75 

 
1,160,615 

 

$
0.84 

 

Summary Of Stock Option Activity

Additional information with respect to stock option activity during the nine month period ended December 31, 2013 under our Stock Option Plans is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

Shares       

 

Average

 

Remaining

 

Aggregate

 

Under       

 

Exercise

 

Contractual

 

Intrinsic

 

Option       

 

   Price  

 

      Life      

 

   Value   

Outstanding at April 1, 2013
4,251,695 

 

$
2.14 

 

 

4.7 years

 

$

 -

Granted
89,340 

 

$
1.11 

 

 

 

 

 

 

Exercised
(12,794)

 

$
0.89 

 

 

 

 

$
15,689 

Forfeited
(736,604)

 

$
2.69 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2013
3,591,637 

 

$
2.01 

 

 

4.7 years

 

$
1,859,201 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2013
2,895,111 

 

$
2.23 

 

 

3.9 years

 

$
1,102,526 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2013
3,555,224 

 

$
2.02 

 

 

4.7 years

 

$
1,818,171 

 

 

 

Additional information with respect to stock option activity during the nine month period ended December 31, 2012 under our Stock Option Plans is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

Shares       

 

Average

 

Remaining

 

Aggregate

 

Under       

 

Exercise

 

Contractual

 

Intrinsic

 

Option       

 

   Price  

 

      Life      

 

   Value   

Outstanding at April 1, 2012
3,228,210 

 

$
2.78 

 

 

3.9 years

 

$

 -

Granted
1,418,792 

 

$
0.87 

 

 

 

 

 

 

Exercised

 -

 

$

 -

 

 

 

 

$

 -

Forfeited
(176,420)

 

$
2.97 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2012
4,470,582 

 

$
2.17 

 

 

4.8 years

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2012
3,309,967 

 

$
2.50 

 

 

3.3 years

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2012
4,413,233 

 

$
2.18 

 

 

4.7 years

 

$

 -

 

Stock Bonus Plan [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Nonvested Share Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended December 31, 2013

 

Nine Months Ended December 31, 2012

 

 

 

Weighted-Average

 

 

 

Weighted-Average

 

Shares Under    

 

Grant Date

 

Shares Under    

 

Grant Date

 

Contract

 

Fair Value

 

Contract     

 

Fair Value

Non-vested at April 1
358,855 

 

$
1.22 

 
167,680 

 

$
2.44 

Granted
452,195 

 

$
1.18 

 
454,866 

 

$
0.87 

Vested
(166,231)

 

$
1.34 

 
(263,691)

 

$
1.39 

Forfeited
(3,840)

 

$
1.25 

 

 -

 

$

 -

Non-vested at December 31
640,979 

 

$
1.17 

 
358,855 

 

$
1.22