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

SHARE BASED COMPENSATION - Non-vested Share Activity (Details)

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SHARE BASED COMPENSATION - Non-vested Share Activity (Details) - Non-vested shares - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Number of shares      
Outstanding at the beginning of the period (in shares) 120,000 445,000 810,000
Granted (in shares) 2,700,000    
Vested (in shares) (60,000) (325,000) (335,000)
Forfeited (in shares) (60,000)   (30,000)
Outstanding at the end of the period (in shares) 2,700,000 120,000 445,000
Weighted average grant date fair value      
Outstanding at the beginning of the period (in dollars per share) $ 2.145 $ 3.819 $ 3.989
Granted (in dollars per share) 1.650    
Vested (in dollars per share) 2.145 4.437 4.380
Forfeited (in dollars per share) 1.650   2.145
Outstanding at the end of the period (in dollars per share) $ 1.661 $ 2.145 $ 3.819
Additional disclosures      
Total fair value of shares vested $ 157,176 $ 831,375 $ 821,250
Number of vested shares withheld upon vesting to satisfy the minimum tax withholding obligation 11,624 51,234 54,000