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STOCK BASED COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2022
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 restricted shares awarded during the three months ended June 30, 2022, using the Monte Carlo valuation model based on the following key assumptions:
Term (years)5
Volatility41.5 %
Risk-free rate0.06 %
Schedule of the activity of the company's restricted stock outstanding
The table below summarizes the activity for the Company’s restricted stock outstanding during the three months ended June 30, 2022:
SharesWeighted
Average
Fair Value
Outstanding, at March 31, 2022
1,049,500 $40,303 
Granted— — 
Vested200,942 7,688 
Forfeited/cancelled/expired— — 
Outstanding, at June 30, 2022
848,558 $32,615 
Schedule of stock options using the black scholes option
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
Volatility165.33 %
Risk-free rate1.66 %