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LOSS PER COMMON SHARE (Tables)

9 Months Ended

Dec. 31, 2024

Net Loss per share

SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE

		For the Three Months Ended December 31,								For the Nine Months Ended December 31,
		2024				2023				2024				2023
Numerator:
Net loss		$	(26,128,782	)		$	(2,405,778	)		$	(53,316,870	)		$	(11,375,807	)
Less: Preferred stock dividends			(782,640	)			(782,639	)			(2,339,411	)			(2,339,410	)
Net loss attributable to common stock holders		$	(26,911,422	)		$	(3,188,417	)		$	(55,656,281	)		$	(13,715,217	)
Denominator:
Weighted average shares of common stock - basic			116,214,522				118,447,154				118,012,373				118,110,943
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			116,214,522				118,447,154				118,012,373				118,110,943
Basic earnings per share:
Loss per share attributable to common stockholders - basic		$	(0.23	)		$	(0.03	)		$	(0.47	)		$	(0.12	)
Diluted earnings per share:
Loss per share attributable to common stockholders - diluted		$	(0.23	)		$	(0.03	)		$	(0.47	)		$	(0.12	)

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 Three Months Ended December 31,								For the Nine Months Ended December 31,
		2024				2023				2024				2023
Common stock options			250,000				150,000				199,750				150,000
Non-vested stock awards			509,086				1,573,858				552,149				1,573,858
Warrants			1,721,296				2,356,336				1,738,212				2,356,336
Total shares excluded from net loss per share attributable to common stockholders			2,480,382				4,080,194				2,490,111				4,080,194

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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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