XML 44 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
9. Stock Compensation (June 30, 2017 Note) (Tables)
3 Months Ended 12 Months Ended
Jun. 30, 2017
Mar. 31, 2017
Share based compensation expense  
   Fiscal Years Ended 
   March 31, 2017   March 31, 2016 
Vesting of Stock Options and Restricted Stock Units  $2,186,309   $202,844 
Total Stock-Based Compensation Expense  $2,186,309   $202,844 
           
Weighted average number of common shares outstanding – basic and diluted   7,764,237    7,393,695 
           
Basic and diluted loss per common share  $(0.28)  $(0.03)
Options vested and expected to vest  
   Number of RSUs 
Vested   46,125 
Expected to vest   507,375 
Total   553,500 
Summary of stock options outstanding  
  Fiscal Year Ended March 31, 
   2017 2016 
  Options   Weighted
Average
Exercise Price
   Options   Weighted
Average
Exercise Price
 
Outstanding, beginning of year   438,547   $10.94    501,690   $11.00 
Granted       N/A        $N/A 
Exercised       N/A        $N/A 
Cancelled/Forfeited   (6,500)  $7.96    (63,143)  $11.45 
Outstanding, end of year   432,047   $10.98    438,547   $10.94 
Exercisable, end of year   414,547   $11.24    388,414   $11.53 
Weighted average estimated fair value of options granted        N/A       $N/A 
Restricted Stock [Member]    
Share based compensation expense
    Three Months
Ended
June 30,
2017
    Three Months
Ended
June 30,
2016
 
Vesting of stock options and restricted stock units   $ 280,911     $ 50,710  
Total stock-based compensation expense   $ 280,911     $ 50,710  
                 
Weighted average number of common shares outstanding – basic and diluted     8,805,522       7,622,393  
                 
Basic and diluted loss per common share attributable to stock-based compensation expense   $ (0.03 )   $ (0.01 )
 
Options vested and expected to vest
    Number of RSUs  
Vested     46,125  
Expected to vest     461,250  
Total     507,375  
 
Options [Member]    
Options vested and expected to vest
    Number of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term in
Years
 
                   
Vested     414,547     $ 11.24       4.05  
Expected to vest     52,000     $ 2.80       8.71  
Total     466,547                  
 
Schedule of stock ptions valuation assumptions
Risk free interest rate 2.21%
Average expected life 10 years
Expected volatility 92.14%
Expected dividends  None