Quarterly report [Sections 13 or 15(d)]

STOCK BASED COMPENSATION

v3.25.4
STOCK BASED COMPENSATION
9 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
STOCK BASED COMPENSATION STOCK BASED COMPENSATION
The compensation expense related to restricted and non-restricted stock grants was $15,352 during the three months ended December 31, 2025, and $13,417 during the three months ended December 31, 2024. As of December 31, 2025 there was $48,980 of total unrecognized compensation cost related to non-vested shares of common stock granted, and $39,914 during the three months ended December 31, 2024. The cost is expected to be recognized over a weighted average period of 3.64 years. The compensation expense related to stock awards, which vested on the date of the award was $382 and $72 during the three months ended December 31, 2025 and December 31, 2024, respectively.
The Company has determined the fair value of shares awarded during the three months ended December 31, 2025, using the Monte Carlo valuation model based on the following key assumptions:
Stock awards granted Term (years) Volatility Risk-free rate
16 October 2025 0.54 47.50  % 3.77  %
17 October 2025 4.28 37.10  % 3.55  %
28 November 2025 3.16 38.30  % 3.50  %
3 December 2025 0.66 42.40  % 3.65  %
The table below summarizes the activity for the Company's stock awards during the nine months ended December 31, 2025:
Shares Weighted
Average
Fair Value
Outstanding, at March 31, 2025
1,207,307  97,748 
Granted 279,479  37,555 
Vested (250,180) (20,159)
Forfeited/cancelled/expired (74,906) (5,694)
Outstanding, at December 31, 2025
1,161,700  109,450