Quarterly report [Sections 13 or 15(d)]

STOCK BASED COMPENSATION (Tables)

v3.25.2
STOCK BASED COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2025
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, 2025, using the Monte Carlo valuation model based on the following key assumptions:
Stock awards granted Term (years) Volatility Risk-free rate
April 8, 2025
3.80 35.80  % 3.78  %
May 29, 2025 4.66 38.85  % 3.98  %
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 three months ended June 30, 2025:
Shares Weighted
Average
Fair Value
Outstanding, at March 31, 2025
1,207,307  97,748 
Granted 211,691  27,348 
Vested (226,129) (16,571)
Forfeited/cancelled/expired —  — 
Outstanding, at June 30, 2025
1,192,869  108,525