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

SHARE-BASED COMPENSATION - Non vested shares activities (Details)

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SHARE-BASED COMPENSATION - Non vested shares activities (Details) - Non-vested shares - USD ($)
9 Months Ended 12 Months Ended
Dec. 31, 2017
Mar. 31, 2017
Mar. 31, 2016
Number of shares      
Outstanding at the beginning of the period (in shares) 2,700,000 120,000 445,000
Granted (in shares)   2,700,000  
Vested (in shares) (60,000) (60,000) (325,000)
Forfeited (in shares) (15,000) (60,000)  
Outstanding at the end of the period (in shares) 2,625,000 2,700,000 120,000
Weighted average grant date fair value      
Outstanding at the beginning of the period (in dollars per share) $ 1.661 $ 2.145 $ 3.819
Granted (in dollars per share)   1.650  
Vested (in dollars per share) 2.145 2.145 4.437
Forfeited (in dollars per share) 1.650 1.650  
Outstanding at the end of the period (in dollars per share) $ 1.650 $ 1.661 $ 2.145
Additional disclosures      
Total fair value of shares vested $ 148,500 $ 157,176 $ 831,375
Number of vested shares withheld upon vesting to satisfy the minimum tax withholding obligation 11,252 11,624 51,234