Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Details 5)

v3.2.0.727
SHARE BASED COMPENSATION (Details 5)
 12 Months Ended
Mar. 31, 2015
USD ($)
$ / shares
shares
Mar. 31, 2015
CNY (¥)
shares
Mar. 31, 2014
USD ($)
$ / shares
shares
Mar. 31, 2014
CNY (¥)
shares
Mar. 31, 2013
USD ($)
$ / shares
shares
Mar. 31, 2013
CNY (¥)
shares
Additional disclosures            
Consideration to reacquire vested shares upon vesting to satisfy the minimum tax withholding obligation $ 137,668 ¥ 853,404   ¥ 567,881   ¥ 913,453
Nonvested shares            
Number of shares            
Outstanding at the beginning of the period (in shares) 810,000 810,000 895,000 895,000 1,146,750 1,146,750
Granted (in shares)     280,000 280,000 100,000 100,000
Vested (in shares) (335,000) (335,000) (265,000) (265,000) (334,250) (334,250)
Forfeited (in shares) (30,000) (30,000) (100,000) (100,000) (17,500) (17,500)
Outstanding at the end of the period (in shares) 445,000 445,000 810,000 810,000 895,000 895,000
Weighted average grant date fair value            
Outstanding at the beginning of the period (in dollars per share) | $ / shares $ 3.989   $ 4.633   $ 4.788  
Granted (in dollars per share) | $ / shares     2.145   2.015  
Vested (in dollars per share) | $ / shares 4.380   4.963   (4.348)  
Forfeited (in dollars per share) | $ / shares 2.145   2.015   1.904  
Outstanding at the end of the period (in dollars per share) | $ / shares $ 3.819   $ 3.989   $ 4.633  
Additional disclosures            
Total fair value of shares vested (in dollars) | $ $ 821,250   $ 560,975   $ 829,077  
Number of vested shares reacquired upon vesting to satisfy the minimum tax withholding obligation 54,000 54,000 51,676 51,676 44,564 44,564
Consideration to reacquire vested shares upon vesting to satisfy the minimum tax withholding obligation | ¥   ¥ 853,404   ¥ 567,881   ¥ 913,453