XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.4
SHARE-BASED COMPENSATION
 9 Months Ended
Dec. 31, 2025
SHARE-BASED COMPENSATION  
SHARE-BASED COMPENSATION

NOTE 12. SHARE-BASED COMPENSATION

Share-based compensation expense totaled $1,091,683 ($849,910, net of taxes) and $1,006,468 ($782,505, net of taxes) during the three months ended December 31, 2025 and 2024, respectively. Share-based compensation expense totaled $3,339,120 ($2,599,612, net of taxes) and $3,333,853 ($2,591,992, net of taxes) during the nine months ended December 31, 2025 and 2024, respectively. Share-based compensation expense is classified as “Administration expenses” in the accompanying condensed consolidated statements of income.

During the nine months ended December 31, 2025 and 2024, the Company granted restricted stock units (“RSUs”) to satisfy previous obligations to issue a variable number of equity awards based on a fixed monetary amount. Prior to the issuance of these RSUs, the Company classified these awards as liabilities. Upon issuance of the RSUs, the awards became equity-classified as they no longer met the criteria to be liability-classified and as a result liabilities of $1,075,407 and $802,500 were reclassified from accounts payable and accrued liabilities to additional paid-in capital during the nine months ended December 31, 2025 and 2024, respectively.