Quarterly report pursuant to Section 13 or 15(d)

9. Stock Compensation (Tables)

v3.10.0.1
9. Stock Compensation (Tables)
6 Months Ended
Sep. 30, 2018
Share based compensation expense
    Three Months
Ended
September 30,
2018
    Three Months
Ended
September 30,
2017
    Six Months
Ended
September 30,
2018
    Six Months
Ended
September 30,
2017
 
Vesting of stock options and restricted stock units   $ 336,496     $ 283,534     $ 599,658     $ 564,445  
Total stock-based compensation expense   $ 336,496     $ 283,534     $ 599,658     $ 564,445  
                                 
Weighted average number of common shares outstanding – basic and diluted     17,789,236       9,032,157       17,771,918       8,939,624  
                                 
Basic and diluted loss per common share attributable to stock-based compensation expense   $ (0.02 )   $ (0.03 )   $ (0.03 )   $ (0.06 )
Restricted Stock [Member]  
Options vested and expected to vest
    Number of RSUs  
Vested     46,125  
Expected to vest     342,926  
Total     389,051  
Options [Member]  
Options vested and expected to vest
    Number of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term in
Years
 
                   
Vested     356,047     $ 8.83       3.84  
Expected to vest     18,000     $ 1.68       8.71  
Total     374,047                  
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, 2018     409,047       $1.68-$20.50     $ 9.51  
Exercised               $  
Granted               $  
Cancelled/Expired     35,000     $ 20.50     $ 20.50  
Stock options outstanding at September 30, 2018     374,047       $1.68 – $12.50     $ 8.48  
Stock options exercisable at September 30, 2018     356,047       $1.68 – $12.50     $ 8.83