Shareholders' Equity (Tables)

12 Months Ended

Mar. 31, 2021

Equity [Abstract]

Summary of Stock Option Activity

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

	Fiscal 2021					Fiscal 2020
	Number of Options			Weighted Average Exercise Price		Number of Options			Weighted Average Exercise Price
Stock Options:
Balance at beginning of year		2,230,000		$	0.26		2,210,000		$	0.25
Granted		100,000		$	0.29		100,000		$	0.38
Exercised		(440,000	)	$	0.06		(60,000	)	$	0.17
Forfeited		(210,000	)	$	0.17		(20,000	)	$	0.03
Balance at end of year *		1,680,000		$	0.32		2,230,000		$	0.26
Options exercisable at end of year		1,580,000		$	0.33		2,130,000		$	0.25

Schedule of Employee Stock Options Outstanding

The following table summarizes information about employee stock options outstanding at March 31, 2021:

Range of Exercise Price	Number Outstanding at March 31, 2021		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable at March 31, 2021		Weighted Average Exercise Price
$0.12 - $0.38		1,130,000		4.0	$	0.24		1,030,000	$	0.23
$0.47 - $0.55		550,000		6.4	$	0.50		550,000	$	0.50
*		1,680,000						1,580,000

* Total number of options outstanding as of March 31, 2021 includes 600,000 options issued to five current and two former directors as compensation and 1,040,000 options issued to key employees that were not issued from the Plan.