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INCOME/(LOSS) PER COMMON SHARE (Tables) | 12 Months Ended
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Mar. 31, 2025
Net Income/(Loss) per share |
SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE |
|  | For the Year Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |
Net income/(loss) from continuing operations |  | $ | (65,221,463 | ) |  | $ | (5,350,176 | ) |  | $ | 3,622,641 |
Less: Preferred stock dividends |  |  | (3,105,036 | ) |  |  | (3,122,049 | ) |  |  | (3,105,034 | )
Net income/(loss) before discontinued operations |  |  | (68,326,499 | ) |  |  | (8,472,225 | ) |  |  | 517,607 |
Net loss from discontinued operations, net of tax |  |  | (65,612,137 | ) |  |  | (11,243,433 | ) |  |  | (12,389,327 | )
Net loss attributable to common stockholders |  | $ | (133,938,636 | ) |  | $ | (19,715,658 | ) |  | $ | (11,871,720 | )
Denominator: |  |  |  |  |  |  |  |  |
Weighted average shares of common stock - Basic |  |  | 117,642,232 |  |  |  | 118,249,486 |  |  |  | 117,177,885 |
Effect of dilutive common stock purchase warrants |  |  | - |  |  |  | - |  |  |  | - |
Effect of dilutive equity incentive awards |  |  | - |  |  |  | - |  |  |  | - |
Weighted average shares of common stock - Diluted |  |  | 117,642,232 |  |  |  | 118,249,486 |  |  |  | 117,177,885 |
Basic loss per share attributable to common stockholders: |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (0.58 | ) |  | $ | (0.07 | ) |  | $ | 0.00 |
Discontinued operations |  | $ | (0.56 | ) |  | $ | (0.10 | ) |  | $ | (0.11 | )
Total basic loss per share attributable to common stockholders |  | $ | (1.14 | ) |  | $ | (0.17 | ) |  | $ | (0.11 | )
Diluted loss per share attributable to common stockholders: |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (0.58 | ) |  | $ | (0.07 | ) |  | $ | 0.00 |
Discontinued operations |  | $ | (0.56 | ) |  | $ | (0.10 | ) |  | $ | (0.11 | )
Total diluted loss per share attributable to common stockholders |  | $ | (1.14 | ) |  | $ | (0.17 | ) |  | $ | (0.11 | )
NUMBER OF SHARES EXCLUDED FROM THE CALCULATION OF DILUTED NET LOSS PER SHARE | 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, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Common stock options |  |  | 275,000 |  |  |  | 175,000 |  |  |  | - |
Non-vested stock awards |  |  | 215,196 |  |  |  | 1,540,524 |  |  |  | 2,204,659 |
Warrants |  |  | 1,721,296 |  |  |  | 1,808,870 |  |  |  | 2,560,986 |
Total shares excluded from diluted net loss per share |  |  | 2,211,492 |  |  |  | 3,524,394 |  |  |  | 4,765,645 |

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