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CAPITAL STOCK (Tables) | 3 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
SCHEDULE OF OUTSTANDING AND EXERCISABLE STOCK PURCHASE WARRANTS | At June 30, 2024, outstanding and exercisable stock purchase warrants consisted of the following:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Life Remaining (Years) |
Outstanding at March 31, 2024 |  |  | 1,808,830 |  |  | $ | 2.04 |  |  |  | 1.18 |
Granted |  | - |  |  | - |  |  | - |
Exercised |  | - |  |  | - |  |  | - |
Forfeited or cancelled |  |  | (77,500 | ) |  |  | 2.40 |  |  | - |
Outstanding at June 30, 2024 |  |  | 1,731,330 |  |  | $ | 2.03 |  |  |  | 0.91 |
Exercisable at June 30, 2024 |  |  | 1,731,330 |  |  | $ | 2.03 |  |  |  | 0.91 |
SUMMARY OF STOCK OPTION ACTIVITY | The following is a summary of our stock option activity during the three months ended June 30, 2024:
| Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant Date Fair Value |  |  | Weighted Average Remaining Life in Years |
Outstanding, April 1, 2024 |  |  |  | 400,000 |  |  | $ |  | 2.08 |  |  | $ |  | 1.50 |  |  |  |  | 9.32 |
Granted |  |  |  | - |  |  |  |  | - |  |  |  |  | - |  |  |  |  | - |
Exercised |  |  |  | - |  |  |  |  | - |  |  |  |  | - |  |  |  |  | - |
Canceled/Forfeited |  |  |  | - |  |  |  |  | - |  |  |  |  | - |  |  |  |  | - |
Outstanding, June 30, 2024 |  |  |  | 400,000 |  |  | $ | 2.08 |  |  | $ |  | 1.50 |  |  |  |  | 9.07 |
SUMMARY OF STOCK AWARD ACTIVITY | A summary of stock award activity for the three months ended June 30, 2024 is as follows:
|  | Number of Shares |  |  | Weighted-Average Grant-Date Fair Value Per Share |
Outstanding at April 1, 2024 |  |  | 1,540,524 |  |  | $ |  | 2.93 |
Granted |  |  | 142,500 |  |  |  |  | 2.61 |
Vested |  |  | (475,833 | ) |  |  |  | 2.93 |
Forfeited |  |  | (175,000 | ) |  |  |  | 1.76 |
Outstanding at June 30, 2024 |  |  | 1,032,191 |  |  | $ |  | 3.08 |

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
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