14. Stock Option Plans (Tables)

12 Months Ended

Mar. 31, 2016

Share-based Arrangements with Employees and Nonemployees [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of each option awarded is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions noted in the following table. Expected volatilities are based on historical volatility of Common Stock. The expected life of the options granted represents the period of time from date of grant to expiration (5 years). The risk-free interest rate is based on the U.S. Treasury yield in effect at the time of grant. The per share weighted-average fair value of stock options granted for the years ended March 31, 2016 and 2015 was $2.36 and $2.20, respectively, on the date of grant using the Black Scholes option-pricing model with the following assumptions:

	Dividend			Risk-free
	Yield			Interest rate			Volatility			Life
2016		0.0	%		1.39	%		44.54	%	5 years
2015		0.0			1.68	%		47.21	%	5 years

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

A summary of the status of the Company’s stock option plans for the fiscal years ended March 31, 2015 and 2014 and changes during the years are presented below (in number of options):

	Number of Options			Average Exercise Price		Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding options at April 1, 2014		88,000		$	6.12
Options granted		10,000		$	5.14
Options exercised		(5,500	)	$	4.84
Options canceled/forfeited		(21,000	)	$	6.19
Outstanding options at March 31, 2015		71,500		$	6.06	1.9 years		$	64,000
Options granted		51,000		$	5.85
Options exercised		-		$	-
Options canceled/forfeited		(37,500	)	$	7.43
Outstanding options at March 31, 2016		85,000		$	5.33	3.4 years		$	9,000
Vested Options:
March 31, 2016:		26,000		$	4.38	2.1 years		$	9,000
March 31, 2015:		59,900		$	6.20	1.5 years		$	53,760

Schedule of Nonvested Share Activity [Table Text Block]

A summary of the Company’s non-vested shares as of March 31, 2016 and changes during the year ended March 31, 2016 is presented below:

Non-vested Shares	Shares			Weighted-Average Grant-Date Fair value
Non-vested at April 1, 2015		11,600		$	5.34
Granted		51,000		$	5.85
Vested		(3,600	)	$	5.78
Forfeited		-		$	-
Non-vested at March 31, 2016		59,000		$	5.75