SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of stock option activity for each of the years presented is summarized below.

	Fiscal 2015			Fiscal 2014				Fiscal 2013
	Number of Options	Weighted  Average  Exercise  Price		Number of  Options		Weighted  Average  Exercise  Price		Number of Options	Weighted  Average  Exercise  Price
Stock Options:
Balance at beginning of period	1,896,000	$	0.22		1,307,380	$	0.22	1,251,380	$	0.30
Granted	60,000		0.17		640,000		0.21	60,000		0.18
Exercised	-		-		-		-	-		-
Forfeited	(60,000)		0.76		(51,380)		1.38	(4,000)		9.00
Balance at end of period
	1,896,000	$	0.20		1,896,000	$	0.21	1,307,380	$	0.26
Options exercisable at end of period	1,836,000	$	0.20		1,256,000	$	0.22	1,247,380	$	0.27

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following table summarizes information about employee stock options outstanding at March 31, 2015:

Range of Exercise Price	Number Outstanding at  March 31, 2015		Weighted Average Remaining  Contractural Life		Weighted Average  Exercise Price		Number Exercisable at  March 31, 2015		Weighted Average  Exercise Price
$.03 - $.33		1,682,000		6.2	$	0.14		1,622,000	$	0.14
$.45 - $.93		214,000		2.7	$	0.61		214,000	$	0.61
		1,896,000						1,836,000

Prior to April 1, 2005, in accordance with ASC 713-10, for options issued to employees, the Company applied the intrinsic value method.

* Total number of options outstanding as of March 31, 2015 includes 180,000 options issued on March 31, 2015, 2014 and 2013 to three directors as compensation and 580,000 options issue to key employees on July 1, 2013 that were not issued from the Plan.