Stock Options (Tables)

9 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity

A summary of stock option activity for the nine months ended December 31, 2019 is summarized below:

	December 31, 2019
	Number of Options			Weighted Average Exercise Price
Stock Options:
Balance at beginning of period		2,210,000		$	0.25
Granted		100,000		$	0.38
Exercised		(60,000	)	$	0.17
Balance at end of period		2,250,000		$	0.26
Options exercisable at end of period		2,150,000		$	0.25

Schedule of Employee Stock Options Outstanding

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

Range of Exercise Price		Number Outstanding at December 31, 2019		Weighted Average Remaining Contractural Life		Weighted Average Exercise Price		Number Exercisable at December 31, 2019		Weighted Average Exercise Price
	$.03 - $.32		1,570,000		3.5	$	0.16		1,570,000	$	0.16
	$.38 - $.55		680,000		8.1	$	0.42		580,000	$	0.50
	*		2,250,000						2,150,000

* Total number of options outstanding as of December 31, 2019 includes 500,000 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.