Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.24.3
STOCK BASED COMPENSATION (Tables)
6 Months Ended
Sep. 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 September 30, 2024, using the Monte Carlo valuation model based on the following key assumptions:
Stock awards granted Term (years) Volatility Risk-free rate
July 1, 2024 4.57 36.98  % 4.47  %
July 12, 2024 1.54 37.30  % 4.64  %
August 5, 2024 4.48 37.51  % 3.64  %
August 13, 2024 4.45 37.69  % 3.70  %
Schedule of the activity of the company's restricted stock outstanding
The table below summarizes the activity for the Company's stock awards during the six months ended September 30, 2024:
Shares Weighted
Average
Fair Value
Outstanding, at March 31, 2024
983,205  57,598 
Granted 343,626  25,039 
Vested (191,595) (9,934)
Forfeited/cancelled/expired —  — 
Outstanding, at September 30, 2024
1,135,236  72,703