Annual report pursuant to Section 13 and 15(d)

STOCK BASED COMPENSATION (Tables)

v3.23.2
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of fair value of such stock options using the Black-Scholes option valuation
The Company has determined the fair value of shares awarded during the year ended March 31, 2023, using the Monte Carlo valuation model based on the following key assumptions:
Term (years) 3.62
Volatility 35.1  %
Risk-free rate 4.18  %
Schedule of restricted stock activity
The table below summarizes the activity for the Company's stock awards outstanding during the year ended March 31, 2023:
Shares Weighted
Average
Fair Value
Outstanding, March 31, 2022
1,049,500  40,303 
Granted 65,216  3,506 
Vested (274,158) (11,484)
Forfeited/cancelled/expired (373,500) (14,290)
Outstanding, March 31, 2023
467,058  18,035