XML 30 R21.htm IDEA: XBRL DOCUMENT v3.20.2
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Mar. 31, 2020
STOCKHOLDERS' EQUITY  
Fair-value assumptions
  Year ended March 31,
  2020 2019
Risk-free interest rates 0.77% - 2.37 % 2.73 - 3.01%
Volatility 86% - 103 % 71% - 112%
Expected life (years) 5.0 - 6.0   5.0 - 6.0
Dividend yield —%   —%
Summary of stock option activity
  Shares Options Outstanding
  Available Number of Weighted Average
  for Grant Shares Exercise Price
Balance at April 1, 2018   3,000,000                            —                                  —  
Options granted   (1,529,908)             1,529,908 0.86
Balance at March 31, 2019   1,470,092             1,529,908 0.86
Additional shares authorized under the Plan   1,000,000                           —                                  —   
Options granted   (1,717,204)             1,717,204 2.25
Options cancelled and returned to the Plan   69,167                (69,167) 2.25
Balance at March 31, 2020   822,055             3,177,945 1.58
Range of outstanding and exercisable options
    Options Outstanding     Options Exercisable  
Range of Exercise Price   Number
Outstanding
    Weighted
Average
Remaining
Contractual
Life
(in Years)
    Weighted
Average
Exercise
Price
    Number
Exercisable
    Weighted
Average
Exercise
Price
    Aggregate
Intrinsic
value
 
$0.66 - $2.48                 3,177,945       9.08     $ 1.58       1,586,736     $ 0. 92     $