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INCOME/(LOSS) PER COMMON SHARE (Tables)

12 Months Ended

Mar. 31, 2024

Net Income/(Loss) per share

SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE

		For the Year Ended March 31,
		2024				2023				2022
		(As Restated)				(As Restated)				(As Restated)
Numerator:
Net income/(loss)		$	(16,593,609	)		$	(8,766,686	)		$	25,867,178
Less: Preferred stock dividends			(3,122,049	)			(3,105,034	)			(2,668,649	)
Net income/(loss) attributable to common stockholders		$	(19,715,658	)		$	(11,871,720	)		$	23,198,529
Denominator:
Weighted average shares of common stock - basic			118,249,486				117,177,885				112,328,680
Effect of dilutive common stock purchase warrants			-				-				2,121,302
Effect of dilutive equity incentive awards			-				-				375,853
Weighted average shares of common stock - Diluted			118,249,486				117,177,885				114,825,835
Basic earnings per share:
Income/(loss) per share attributable to common stockholders - basic		$	(0.17	)		$	(0.10	)		$	0.21
Diluted earnings per share:
Income/(loss) per share attributable to common stockholders - diluted		$	(0.17	)		$	(0.10	)		$	0.20

SCHEDULE OF DILUTED NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table presents the number of shares excluded from the calculation of diluted net loss per share attributable to common stockholders:

		For the Year Ended March 31,
		2024				2023				2022
		(As Restated)				(As Restated)				(As Restated)
Common stock options			175,000				-				-
Non-vested stock awards			1,540,524				2,204,659				2,735,226
Warrants			1,808,870				2,560,986				150,000
Total shares excluded from net income (loss) per share attributable to common stockholders			3,524,394				4,765,645				2,885,226

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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