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Share-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Changes in Options Outstanding

The following is a summary of the changes in the Options outstanding during the nine months ended December 31, 2022:

		Options issued				Weighted average exercise price
Balance outstanding at March 31, 2022			16,782,962			$	33.89
Options granted			4,651,176				4.94
Options exercised			(76,929	)			3.41
Options forfeited			(6,058,172	)			29.37
Balance outstanding at December 31, 2022			15,299,037			$	27.07

Summary of Options Outstanding

The following is a summary of the Options outstanding as at December 31, 2022:

		Options Outstanding								Options Exercisable
						Weighted Average								Weighted Average
						Remaining								Remaining
		Outstanding at				Contractual Life				Exercisable at				Contractual Life
Range of Exercise Prices		December 31, 2022				(years)				December 31, 2022				(years)
$0.06 - $24.62			6,083,908				4.83				1,369,076				2.77
$24.63 - $33.53			3,281,232				2.58				2,033,996				2.24
$33.54 - $36.80			1,569,568				1.94				1,569,568				1.94
$36.81 - $42.84			1,800,926				2.05				1,794,649				2.02
$42.85 - $67.64			2,563,403				2.10				2,563,403				2.10
			15,299,037				3.27				9,330,692				2.19

Summary of Assumptions Applied to Establish Fair Value of Options Granted Using Black-Scholes Option Pricing Model

The Company uses the Black-Scholes option pricing model to establish the fair value of Options granted during the three months ended December 31, 2022 and 2021, on their measurement date by applying the following assumptions:

		December 31,		December 31,
		2022		2021
Risk-free interest rate		3.47%		1.21%
Expected life of options (years)		3 - 5		3 - 5
Expected volatility		82%		75%
Expected forfeiture rate		20%		18%
Expected dividend yield		nil		nil
Black-Scholes value of each option		$3.34		$7.55

Summary of Changes in RSUs and PSUs

The following is a summary of the changes in the Company’s RSUs and PSUs during the nine months ended December 31, 2022:

		Number of RSUs and PSUs
Balance outstanding at March 31, 2022			3,477,292
RSUs and PSUs granted			3,128,198
RSUs and PSUs released			(359,628	)
RSUs and PSUs cancelled and forfeited			(1,925,026	)
Balance outstanding at December 31, 2022			4,320,836

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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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.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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