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STOCK BASED COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2023

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 shares awarded during the year ended March 31, 2023, using the Monte Carlo valuation model based on the following key assumptions:

Term (years)			3.62
Volatility			35.1		%
Risk-free rate			4.18		%

Schedule of restricted stock activity

The table below summarizes the activity for the Company's stock awards outstanding during the year ended March 31, 2023:

			Shares						Weighted Average Fair Value
Outstanding, March 31, 2022			1,049,500						40,303
Granted			65,216						3,506
Vested			(274,158)						(11,484)
Forfeited/cancelled/expired			(373,500)						(14,290)
Outstanding, March 31, 2023			467,058						18,035

X

- 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

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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

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