Stock Options (Tables)

12 Months Ended

Mar. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Options Activity

The following table is a summary of activity of stock options for the years ended March 31, 2018 and 2017:

	Number of Shares			Weighted Average Exercise Price Per Share		Weighted Aggregate Average Remaining Contract Life in Years
Outstanding at April 1, 2016		153,600		$	6.52		6.36
Granted		-			-
Exercised		-			-
Forfeited or Expired		(4,000	)		5.98
Outstanding at March 31, 2017		149,600		$	6.54		5.34
Granted		-			-
Exercised		-			-
Forfeited or Expired		(1,000	)		5.98
Outstanding at March 31, 2018		148,600		$	6.54		4.34
Vested at March 31, 2018		138,600		$	6.51		4.19
Exercisable at March 31, 2018		138,600		$	6.51		4.19

Schedule of Other Information Pertaining to Option Activity

Other information pertaining to option activity was as follows during the year ended March 31:

	2018		2017
Weighted average grant-date fair value of stock options granted (per share)	$	-	$	-
Total fair value of options vested	$	91,525	$	92,713
Total intrinsic value of options exercised	$	-	$	-

Summary of Information About Options Outstanding

The following table summarizes information about options outstanding at March 31, 2018:

Range of Exercise Prices		Number of Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contract Life in Years
	$5.98 – 6.25		40,000	$	6.00
	6.26 – 6.50		28,600		6.29
	6.51 – 6.80		40,000		6.80
	6.81 – 7.00		40,000		7.00
	$5.98 – 7.00		148,600	$	6.54		4.34