Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2016

Stock-Based Compensation [Abstract]

Stock Options, Valuation Assumptions

	Nine months ended December 31,						Year ended March 31,
	2016			2015			2016
					(Unaudited)
Weighted average estimated fair value of grant	$	0.74	per option	$	0.47	per option	$	0.45	per option
Expected life (in years)		6.6	years		6.8	years		6.5	years
Risk free interest rate		1.85	%		2.13	%		2.05	%
Expected volatility		84.95	%		78.51	%		79.03	%
Expected dividend yield		0.00	%		0.00	%		0.00	%

Schedule Of Share-Based Compensation Expense

	Nine months ended December 31,				Year ended March 31,
	2016		2015		2016
			(Unaudited)
Costs of product sales		8,553		13,021		15,301
Costs of contract services		6,679		4,420		6,345
Research and development		27,717		31,966		36,561
Selling, general and administrative		244,344		496,881		537,647
	$	287,293	$	546,288	$	595,854

Summary Of Stock Option Activity

				Weighted-
		Weighted-		Average
	Shares	Average		Remaining		Aggregate
	Under	Exercise		Contractual		Intrinsic
	Option	Price		Life		Value
Outstanding at April 1, 2016	2,561,769	$	1.40		6.2 years	$	-
Granted	632,098	$	0.68
Exercised	-	$	-			$	-
Forfeited	(189,069)	$	2.06
Outstanding at December 31, 2016	3,004,798	$	1.20		6.4 years	$	-
Exercisable at December 31, 2016	2,184,741	$	1.37		5.4 years	$	-
Vested and expected to vest at December 31, 2016	2,736,080	$	1.21		6.2 years	$	-

Additional information with respect to stock option activity during the fiscal year ended March 31, 2016 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, 2015	2,969,075	$	1.79		5.5 years	$	311,101
Granted	424,713	$	0.66
Exercised	-	$	-			$	-
Forfeited	(832,019)	$	2.43
Outstanding at March 31, 2016	2,561,769	$	1.40		6.2 years	$	-
Exercisable at March 31, 2016	2,107,828	$	1.50		5.5 years	$	-
Vested and expected to vest at March 31, 2016	2,534,662	$	1.40		6.2 years	$	-

Additional information with respect to stock option activity during the nine months ended December 31, 2015 (unaudited) 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, 2015	2,969,075	$	1.79		5.5 years	$	311,101
Granted	424,713	$	0.66
Exercised	-	$	-			$	-
Forfeited	(620,636)	$	2.67
Outstanding at December 31, 2015	2,773,152	$	1.42		6.4 years	$	-
Exercisable at December 31, 2015	2,226,134	$	1.52		5.6 years	$	-
Vested and expected to vest at December 31, 2015	2,745,516	$	1.43		6.3 years	$	-

Schedule Of Nonvested Share Activity

	Nine months ended December 31,						Year ended March 31,
	2016			2015			2016
				(Unaudited)
		Weighted- Average			Weighted- Average			Weighted- Average
	Shares Under	Grant Date		Shares Under	Grant Date		Shares Under	Grant Date
	Contract	Fair Value		Contract	Fair Value		Contract	Fair Value
Unvested at beginning of period	88,214	$	1.36	432,039	$	1.26	432,039	$	1.26
Granted	160,389	$	0.68	23,600	$	0.66	23,600	$	0.66
Vested	(144,981)	$	0.98	(361,237)	$	1.22	(362,411)	$	1.22
Forfeited	(1,574)	$	1.25	(3,841)	$	5.15	(5,014)	$	3.95
Unvested at end of period	102,048	$	0.84	90,561	$	1.36	88,214	$	1.36