Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.22.2.2
STOCK BASED COMPENSATION (Tables)
6 Months Ended
Sep. 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 as of grant date, 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 six months ended September 30, 2022:
Shares Weighted
Average
Fair Value
Outstanding, at March 31, 2022
1,049,500  $ 40,303 
Granted —  — 
Vested (224,942) (7,688)
Forfeited/cancelled/expired (32,000) (2,678)
Outstanding, at September 30, 2022
792,558  $ 29,937