Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.22.2
STOCK BASED COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of fair value of restricted shares awarded using the monte carlo valuation model
The Company has determined the fair value of restricted shares awarded during the three months ended June 30, 2022, using the Monte Carlo valuation model based on the following key assumptions:
Term (years) 5
Volatility 41.5  %
Risk-free rate 0.06  %
Schedule of the activity of the company's restricted stock outstanding
The table below summarizes the activity for the Company’s restricted stock outstanding during the three months ended June 30, 2022:
Shares Weighted
Average
Fair Value
Outstanding, at March 31, 2022
1,049,500  $ 40,303 
Granted —  — 
Vested 200,942  7,688 
Forfeited/cancelled/expired —  — 
Outstanding, at June 30, 2022
848,558  $ 32,615 
Schedule of stock options using the black scholes option
The Company has determined the fair value of such stock options using the Black-Scholes option valuation model based on the following key assumptions:
Term (years) 3
Volatility 165.33  %
Risk-free rate 1.66  %