Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

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Stockholders' Equity (Tables)
 6 Months Ended
Sep. 30, 2015
Stockholders' Equity Note [Abstract]  
Black-Scholes option pricing model weighted average assumptions

The fair values of the Company’s options were estimated at the dates of grant using a Black-Scholes option pricing model with the following weighted average assumptions: 

 

    For the Three and Six Months
Ended September 30,  		 
    2015  
Expected term (years)     6.25  
Risk-free interest rate     1.29%  
Volatility     47%  
Dividend yield     0%  
           
Summary of the option activity

The following is a summary of the option activity:  

 

    Options   Weighted
Average
Exercise 
Price
                     
  Outstanding – April 1, 2015       —     $ —  
  Exercisable –April 1, 2015       —       —  
  Granted       160,000       1.50  
  Exercised       —       —  
  Forfeited/Cancelled       —       —  
  Outstanding – September 30, 2015       160,000     $ 1.50  
  Exercisable – September 30, 2015       —     $ —