General form of registration statement for all companies including face-amount certificate companies

Stockholders' Equity (Tables)

v3.5.0.2
Stockholders' Equity (Tables)
 12 Months Ended
Mar. 31, 2016
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 Year Ended  
    March 31, 2016  
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 – March 31, 2016     160,000     $ 1.50  
Exercisable – March 31, 2016     —     $ —  
Schedule of resricted shares

The following is a summary of restricted shares:

 

                      Stock-based Compensation
Expense		        
                            For the
Period
from		        
                      For the
Year
Ended		     May 12,
2014
(Inception)
through		     Unrecognized
Compensation		  
Grant Date   Shares
Issued		     Fair
Value		     Shares
Vested		     March 31,
2016		     March 31,
2015		     March 31,
2016		     March 31,
2015		  
June 2014     307,876     $ 381,779       96,211     $ 115,045     $ 3,916     $ 262,818     $ 269,134  
July 2014     32,408       2,090       9,452       486       363       1,241       1,727  
August 2014     81,020       169,986       21,943       41,687       807       127,492       119,756  
September 2014     129,633       74,339       32,408       19,981       1,133       53,225       53,437  
March 2015     72,918       153,663       -       24,444       -       129,219       109,184  
June 2015     293,000       439,500       -       84,839       -       354,661       -  
November 2015     36,200       54,300       -       7,993       -       46,307       -  
December 2015     300,000       590,300       -       151,179       -       439,121       -  
January 2016     40,000       68,000       -       7,829       -       60,171       -  
March 2016     60,000       126,600       -       12,133       -       114,467       -  
                                                         
      1,353,055     $ 2,060,557       160,014     $ 465,616     $ 6,219     $ 1,588,722     $ 553,238