Annual report pursuant to Section 13 and 15(d)

STOCK-BASEDCOMPENSATION (Tables)

v3.21.1
STOCK-BASEDCOMPENSATION (Tables)
12 Months Ended
Mar. 31, 2021
STOCK-BASED COMPENSATION  
Schedule of Assumptions used

Term (years)

 

 

3

 

Volatility

 

 

165.33 %

Risk-free rate

 

 

1.66 %
Summary of stock option activity

 

 

Shares

 

 

Weighted Average Exercise Price

 

 

Weighted

Average Remaining Contractual Term

(In Years)

 

 

Aggregate

Intrinsic Value

 

Outstanding, March 31, 2020

 

 

120,000

 

 

$ 1.98

 

 

 

7.52

 

 

$ 1,466

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

(60,000 )

 

 

1.98

 

 

 

-

 

 

 

1,711

 

Forfeited/cancelled/expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding, at March 31, 2021

 

 

60,000

 

 

$ 1.98

 

 

 

6.52

 

 

$ 3,083

 

Exercisable, at March 31, 2021

 

 

60,000

 

 

$ 1.98

 

 

 

6.52

 

 

$ 3,083

 

Summary of restricted stock outstanding

 

 

Shares

 

 

Weighted

Average

Fair Value

 

Outstanding, March 31, 2020

 

 

2,275,000

 

 

$ 4,777

 

Granted

 

 

15,000

 

 

 

775

 

Vested

 

 

(2,275,000 )

 

 

(4,777 )

Forfeited/cancelled/expired

 

 

-

 

 

 

-

 

Outstanding, at March 31, 2021

 

 

15,000

 

 

$ 775