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LOSS PER COMMON SHARE (Tables) | 6 Months Ended
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Sep. 30, 2024
Net Loss per share |
SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE |
|  | For the Three Months Ended September 30, |  |  | For the Six Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net Loss |  | $ | (12,428,113 | ) |  | $ | (7,665,967 | ) |  | $ | (27,188,088 | ) |  | $ | (8,970,029 | )
Less: Preferred stock dividends |  |  | (782,640 | ) |  |  | (782,639 | ) |  |  | (1,556,773 | ) |  |  | (1,556,771 | )
Net loss attributable to common stock holders |  | $ | (13,210,753 | ) |  | $ | (8,448,606 | ) |  | $ | (28,744,861 | ) |  | $ | (10,526,800 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares of common stock - basic |  |  | 118,728,976 |  |  |  | 118,167,228 |  |  |  | 118,916,210 |  |  |  | 117,713,805 |
Effect of dilutive common stock purchase warrants |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Effect of dilutive contingently issuable common stock |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Effect of dilutive equity incentive awards |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Weighted average shares of common stock – Diluted |  |  | 118,728,976 |  |  |  | 118,167,228 |  |  |  | 118,916,210 |  |  |  | 117,713,805 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss per share attributable to common stockholders - basic |  | $ | (0.11 | ) |  | $ | (0.07 | ) |  | $ | (0.24 | ) |  | $ | (0.09 | )
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss per share attributable to common stockholders - diluted |  | $ | (0.11 | ) |  | $ | (0.07 | ) |  | $ | (0.24 | ) |  | $ | (0.09 | )
SCHEDULE OF SHARES EXCLUDED FROM CALCULATION 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 Three Months Ended September 30, |  |  | For the Six Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Common stock options |  |  | 225,000 |  |  |  | 125,000 |  |  |  | 225,000 |  |  |  | 125,000 |
Non-vested stock awards |  |  | 783,668 |  |  |  | 1,517,180 |  |  |  | 783,668 |  |  |  | 1,517,180 |
Warrants |  |  | 1,721,296 |  |  |  | 2,356,336 |  |  |  | 1,721,296 |  |  |  | 2,356,336 |
Total shares excluded from net income (loss) per share attributable to common stockholders |  |  | 2,729,964 |  |  |  | 3,998,516 |  |  |  | 2,729,964 |  |  |  | 3,998,516 |

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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 + Details
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