During the Company established its Equity Incentive Plan, which provides for the granting of stock options and restricted stock for up to shares of common stock at of fair market value at the date of grant, with each grant requiring approval by the Board of Directors of the Company. In the term of the Equity Incentive Plan was extended to Options granted generally vest in or more installments in a or year period and must be exercised while the grantee is employed by the Company or within a certain period after termination of employment (or while providing services under a service arrangement in the case of non-employees). Options granted to employees shall have terms in excess of years from the grant date. Holders of options be granted stock appreciation rights (SAR), which entitle them to surrender outstanding options for a cash distribution under certain changes in ownership of the Company, as defined in the stock option plan. As of SARs have been granted under the option plan. As of further shares of common stock are available for issuance. All outstanding options have a -year life from the date of grant.

 

On our shareholders approved our new Equity Incentive Plan under which we issue up to shares of common stock upon the exercise of options, stock awards and grants. With the adoption of the Equity Incentive Plan, further awards will be issued under the Company’s Equity Incentive Plan, though all awards under the Equity Incentive Plan that are outstanding will continue to be governed by the terms, conditions and procedures set forth in the plan and any applicable award agreement. Option grants under the Company’s Stock Option Plan are longer available.

 

Options granted generally vest in or more installments in a or -year period and must be exercised while the grantee is employed by the Company (or while providing services under a service arrangement in the case of non-employees) or within a certain period after termination of employment or service arrangement in the case of non-employees. Options granted to employees shall have terms in excess of years from the grant date. Holders of options be granted SARs, which entitle them to surrender outstanding awards for a cash distribution under certain changes in ownership of the Company, as defined in the stock option plan. As of SARs have been granted under any option plan. As of the total number of shares of common stock available for issuance was All outstanding options have a -year life from the date of grant. The Company records compensation cost associated with share-based compensation equivalent to the estimated fair value of the awards over the requisite service period.

 

 

The weighted average grant date fair value of stock options granted during the fiscal years ended and was and respectively, and was calculated using the following weighted-average assumptions:

 

Fiscal years ended		March 30, 2019				March 31, 2018
Dividend yield			—				—
Expected volatility			96	%			91	%
Risk-free interest rate			2.79	%			2.40	%
Expected term (years)			8.35				8.35

 

A summary of the changes in stock options outstanding for the fiscal years ended and is presented below:

 

						Weighted				Weighted Average Remaining
(Dollars in thousands except share prices)		Shares				Average Exercise Price per share				Contractual Term (Years)				Aggregate Intrinsic Value
Outstanding at March 25, 2017			1,104,500			$	1.41				6.1			$	3
Granted			856,000				0.34				10.0
Forfeited / Expired			(481,800	)			1.34
Outstanding at March 31, 2018			1,478,700			$	0.56				8.0			$	—
Granted			1,504,000				0.31				9.6
Forfeited / Expired			(248,000	)			0.69
Outstanding at March 30, 2019			2,734,700			$	0.41				8.4			$	—
Exercisable at March 30, 2019			662,300			$	0.66				5.1			$	—
At March 30, 2019, expected to vest in the future			1,489,178			$	0.33				9.4			$	—

 

As of there was of total unrecognized compensation cost related to non-vested options granted under the and Plans and outside of the Plans. That cost is expected to be recognized over a weighted average period of years and will be adjusted for subsequent changes in estimated forfeitures. There were and options vested during the fiscal years ended and respectively. The total fair value of options vested during the fiscal years ended and was and respectively. There were exercises in fiscal and Share based compensation cost recognized in operating results for the fiscal years ended and totaled and respectively.

 

The Company granted restricted awards during the fiscal year ended The Company granted restricted awards during fiscal The restricted stock awards are considered fixed awards as the number of shares and fair value at the grant date are amortized over the requisite service period net of estimated forfeitures. As of there was of total unrecognized compensation cost related to non-vested awards. That cost is expected to be recognized over a weighted average period of years and will be adjusted for subsequent changes in estimated forfeitures. Compensation cost recognized for restricted and unrestricted stock for fiscal and fiscal totaled and respectively.

 

A summary of the changes in non-vested restricted stock awards outstanding for the fiscal years ended and is presented below:

 

		Shares				Weighted Average Grant Date Fair Value
Non-vested at March 25, 2017			—			$	—
Granted			586,950				0.66
Vested			(51,000	)			(0.60	)
Forfeited or cancelled			(236,000	)			(0.68	)
Non-vested at March 31, 2018			299,950			$	0.65
Granted			310,000				0.31
Vested			(250,000	)			0.32
Forfeited or cancelled			(25,000	)			0.79
Non-vested at March 30, 2019			334,950			$	0.56

 

The Company has established a (k) plan which cover substantially all employees. Participants make voluntary contributions to the plan for up to of their defined compensation. The Company matches a percentage of the participant’s contributions in accordance with the plan. Participants vest ratably in Company contributions over a - year period. Company contributions to the plan for fiscal and were approximately and respectively.