SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Mar. 31, 2016

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 2016				Fiscal 2015				Fiscal 2014
	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		1,896,000	$	0.22		1,307,380	$	0.22
Granted		170,000		0.23		60,000		0.17		640,000		0.21
Exercised		(20,000)		0.32		-		-		-		-
Forfeited		(74,000)		0.45		(60,000)		0.76		(51,380)		1.38
Balance at end of period		1,972,000	$	0.19		1,896,000	$	0.20		1,896,000	$	0.21
Options exercisable at end of period		1,802,000	$	0.18		1,836,000	$	0.20		1,256,000	$	0.22

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, 2016: 

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		1,792,000		4.9		0.14		1,652,000		0.14
$.45 - $.93		180,000		1.7		0.61		214,000		0.61
*		1,972,000						1,866,000

* Total number of options outstanding as of March 31, 2016 includes 240,000 options issued on March 31, 2016, 2015 and 2014 to three directors as compensation and 645,000 options issue to key employees on July 1, 2013 that were not issued from the Plan.