Quarterly report pursuant to Section 13 or 15(d)

9. Stock Compensation (Tables)

v3.8.0.1
9. Stock Compensation (Tables)
6 Months Ended
Sep. 30, 2017
Restricted Stock [Member]  
Share based compensation expense
    Three Months
Ended
September 30,
2017
    Three Months
Ended
September 30,
2016
    Six Months
Ended
September 30,
2017
    Six Months
Ended
September 30,
2016
 
Vesting of stock options and restricted stock units   $ 283,534     $ 1,523,280     $ 564,445     $ 1,573,991  
Total stock-based compensation expense   $ 283,534     $ 1,523,280     $ 564,445     $ 1,573,991  
                                 
Weighted average number of common shares outstanding – basic and diluted     9,032,157       7,756,883       8,939,624       7,690,369  
                                 
Basic and diluted loss per common share attributable to stock-based compensation expense   $ (0.03 )   $ (0.20 )   $ (0.06 )   $ (0.20 )
Options vested and expected to vest
    Number of RSUs  
Vested     46,125  
Expected to vest     415,125  
Total     461,250  
Options [Member]  
Options vested and expected to vest
    Number of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term in
Years
 
                   
Vested     432,047     $ 10.98       3.89  
Expected to vest     34,500     $ 1.68       9.71  
Total     466,547                  
Schedule of stock options valuation assumptions
Risk free interest rate     2.21%  
Average expected life     10 years  
Expected volatility     92.14%  
Expected dividends     None  
Summary of stock options outstanding
    Amount     Range of
Exercise Price
    Weighted
Average
Exercise
Price
 
Stock options outstanding at March 31, 2017     432,047       $3.80-$20.50     $ 10.98  
Exercised                  
Granted     34,500       $1.68     $ 1.68  
Cancelled/Expired                  
Stock options outstanding at September 30, 2017     466,547       $1.68-$20.50     $ 10.30  
Stock options exercisable at September 30, 2017     432,047       $3.80-$20.50     $ 10.98