XML 142 R30.htm IDEA: XBRL DOCUMENT v3.19.2
Shareholders' Equity (Tables)
12 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Summary of Stock Option Activity

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

 

    Fiscal 2019     Fiscal 2018  
    Number of Options     Weighted Average Exercise Price     Number of Options     Weighted Average Exercise Price  
Stock Options:                                
Balance at beginning of year     2,330,000     $ 0.22       1,970,000     $ 0.16  
Granted     100,000     $ 0.55       480,000     $ 0.49  
Exercised     (160,000 )   $ 0.08       -     $ -  
Forfeited     (60,000 )   $ 0.11       (120,000 )   $ 0.45  
Balance at end of year *     2,210,000     $ 0.25       2,330,000     $ 0.22  
                                 
Options exercisable at end of year     2,110,000     $ 0.23       1,850,000     $ 0.15  

 

* Total number of options outstanding as of March 31, 2019 includes 460,000 options issued to five current and two former directors as compensation and 1,150,000 options issue to key employees that were not issued from the Plan.

Schedule of Employee Stock Options Outstanding

The following table summarizes information about employee stock options outstanding at March 31, 2019:

 

Range of Exercise Price   Number Outstanding at March 31, 2019     Weighted Average Remaining Contractual Life     Weighted Average Exercise Price     Number Exercisable at March 31, 2019     Weighted Average Exercise Price  
$0.03 - $0.33     1,630,000       3.8     $ 0.16       1,630,000     $ 0.16  
$0.45 - $0.55     580,000       8.4     $ 0.55       480,000     $ 0.49  
*     2,210,000                       2,110,000          

 

* Total number of options outstanding as of March 31, 2019 includes 460,000 options issued to five current and two former directors as compensation and 1,150,000 options issue to key employees that were not issued from the Plan.