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STOCK BASED COMPENSATION (Tables) | 12 Months Ended
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Mar. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Schedule of fair value of such stock options using the Black-Scholes option valuation | The Company has determined the fair value of restricted shares awarded during the twelve months ended March 31, 2022, using the Monte Carlo valuation model based on the following key assumptions:
Term (years) | 5
Volatility | 41.5 | %
Risk-free rate | 0.06 | %
Schedule of restricted stock activity | The table below summarizes the activity for the Company's restricted stock outstanding during the year ended March 31, 2022:
| Shares |  | Weighted Average Fair Value
Outstanding, March 31, 2021 | 15,000 |  |  | $ | 775 |
Granted | 1,039,000 |  |  | 39,760 |
Vested | (4,500) |  |  | (233) |
Forfeited/cancelled/expired | — |  |  | — |
Outstanding, at March 31, 2022 | 1,049,500 |  |  | $ | 40,303 |
Schedule of the activity of the company's restricted stock outstanding | The Company has determined the fair value of such stock options using the Black-Scholes option valuation model based on the following key assumptions:
Term (years) | 3
Volatility | 165.33 | %
Risk-free rate | 1.66 | %
Schedule of stock options roll forward | The following is a summary of stock option activity for year ended March 31, 2022:
| Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (In Years) |  | Aggregate Intrinsic Value
Outstanding, March 31, 2021 | 60,000 |  |  | $ | 1.98 |  |  | 6.52 |  | $ | 3,083,000 |
Granted | — |  |  | — |  |  | — |  |  | — |
Exercised | (60,000) |  |  | 1.98 |  |  | 6.52 |  | 3,742,000 |
Forfeited/cancelled/expired | — |  |  | — |  |  | — |  |  | — |
Outstanding, at March 31, 2022 | — |  |  | $ | — |  |  | — |  |  | $ | — |
Exercisable, at March 31, 2022 | — |  |  | $ | — |  |  | — |  |  | $ | — |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
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- References No definition available. + Details
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