Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Share-based Compensation (Tables)

v2.4.1.9
Note 7 - Share-based Compensation (Tables)
9 Months Ended
Dec. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Three Month Periods Ended

   

Nine Month Periods Ended

 
   

December 27,

   

December 28,

   

December 27,

   

December 28,

 
   

2014

   

2013

   

2014

   

2013

 

Dividend yield

                       

Expected volatility

    93.03 %     88.38 %     91.68 %     86.33 %

Risk-free interest rate

    1.62 %     1.37 %     1.65 %     1.02 %

Expected term (years)

    8.36       8.36       8.36       7.91  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
           

Weighted

   

Weighted Average

   

Aggregate

 
           

Average

   

Remaining Contractual

   

Intrinsic

 
   

Shares

   

Exercise Price

   

Terms (Years)

   

Value

 

Outstanding at March 30, 2013

    1,556,250     $ 1.62       6.8     $ 252  

Granted

    430,750       1.32                  

Exercised

                           

Forfeited / Expired

    248,250       1.72                  

Outstanding at March 29, 2014

    1,738,750     $ 1.53       6.8     $ 113  

Granted

    264,500     $ 2.04                  

Exercised

    76,500     $ 1.89                  

Forfeited / Expired

    167,900     $ 1.72                  

Outstanding at December 27, 2014

    1,758,850     $ 1.58       6.9     $ 217  
                                 

Exercisable at December 27, 2014

    626,475     $ 1.67       5.9     $ 57  
                                 

At December 27, 2014, expected to vest in the future

    778,448     $ 1.53       7.5     $ 106  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
           

Weighted

 
           

Average Grant

 
   

Shares

   

Date Fair Value

 

Non-vested at March 30, 2013

    50,000     $ 1.18  

Granted

    101,500       1.53  

Vested

    30,000       1.53  

Forfeited or cancelled

           

Non-vested at March 29, 2014

    121,500     $ 1.39  

Granted

    187,000       2.47  

Vested

    71,500       1.53  

Forfeited or cancelled

           

Non-vested at December 27, 2014

    237,000     $ 2.20