Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

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STOCK BASED COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2024
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 shares awarded during the three months ended June 30, 2024, using the Monte Carlo valuation model based on the following key assumptions:
Stock awards granted Term (years) Volatility Risk-free rate
April 1, 2024 4.82 36.62  % 4.36  %
April 23, 2024 4.76 36.68  % 4.65  %
June 24, 2024 4.59 36.89  % 4.31  %
Schedule of the activity of the company's restricted stock outstanding
The table below summarizes the activity for the Company's stock awards outstanding during the three months ended June 30, 2024:
Shares Weighted
Average
Fair Value
Outstanding, at March 31, 2024
983,205  57,598 
Granted 186,967  12,969 
Vested (168,797) (8,047)
Forfeited/cancelled/expired —  — 
Outstanding, at June 30, 2024
1,001,375  62,520