Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.3.1.900
Stockholders' Equity (Tables)
 9 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of Black-Scholes option pricing model with 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 Nine Months
Ended December 31,		  
    2015  
Expected term (years)     6.25  
Risk-free interest rate     1.29 %
Volatility     47 %
Dividend yield     0 %
         
Schedule 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 – December 31, 2015     160,000     $ 1.50  
Exercisable – December 31, 2015     —     $ —