Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.23.1
STOCK BASED COMPENSATION (Tables)
 3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2021
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 nine months ended December 31, 2021 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 nine months ended December 31, 2021:
Shares Weighted
Average
Fair Value
Outstanding, at March 31, 2021
 15,000  $ 775 
Granted 1,031,500  39,465 
Vested —  — 
Forfeited/cancelled/expired —  — 
Outstanding, at December 31, 2021
 1,046,500  $ 40,240 
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  %
 
Schedule of stock option activity  
The following is a summary of stock option activity for the nine months ended December 31, 2021:
Shares Weighted Average Exercise Price Weighted
Average Remaining
Contractual Term
(In Years)		 Aggregate
Intrinsic Value
Outstanding, March 31, 2021
 60,000  $ 1.98  6.52 $ 3,083,000 
Granted —  —  —  — 
Exercised (60,000) 1.98  6.52 3,742,000 
Forfeited/cancelled/expired —  —  —  — 
Outstanding, at December 31, 2021
 —  $ —  0 $ — 
Exercisable, at December 31, 2021
 —  $ —  0 $ —