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STOCKHOLDERS’ EQUITY (DEFICIT) & STOCK-BASED COMPENSATION (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Mar. 31, 2021
Equity [Abstract] |  |
Schedule of Fair Value Assumptions | The following assumptions were used in the fair value calculations: Schedule of Fair Value Assumptions | The following assumptions were used in the fair-value method calculations:
STOCKHOLDERS' EQUITY (DEFICIT) & STOCK-BASED COMPENSATION |
|  | Three Months Ended |
|  | June 30, 2021 |  |  | June 30, 2020 |
Risk-free interest rates |  |  | 0.81% - 0.87 | % |  |  | 0.31% - 0.37 | %
Volatility |  |  | 89% - 366 | % |  |  | 123% - 128 | %
Expected life (years) |  |  | 5.0 - 6.0 |  |  |  | 5.0 - 6.0 |
|  | Year ended March 31, |
|  | 2021 |  | 2020 |
Risk-free interest rates |  |  | 0.28% - 0.71% |  |  | 0.77% - 2.37% |
Volatility |  |  | 87% - 127% |  |  | 86% - 103% |
Expected life (years) |  |  | 5.0 - 6.0 |  |  | 5.0 - 6.0 |
Dividend yield |  |  | —% |  |  | —% |
Schedule of Stock Option activity | A summary of stock option activity under the EIP is presented below: Schedule of Stock Option activity | A summary of stock option activity under the 2017 Plan is presented below:
STOCKHOLDERS' EQUITY (DEFICIT) & STOCK-BASED COMPENSATION (Details 2) |
|  |  |  |  | Options Outstanding |
|  |  |  |  |  |  |  | Weighted |
|  | Shares |  |  |  |  |  | Average |
|  | Available |  |  | Number of |  |  | Exercise |
|  | for Grant |  |  | Shares |  |  | Prices |
Balance at March 31, 2021 |  |  | 408,245 |  |  |  | 3,591,755 |  |  | $ | 1.75 |
Options granted |  |  | (182,321 | ) |  |  | 182,321 |  |  |  | 4.23 |
Share awards |  |  | (5,508 | ) |  |  | — |  |  |  | — |
Options cancelled and returned to the Plan |  |  | 22,639 |  |  |  | (22,639 | ) |  |  | 2.87 |
Balance at June 30, 2021 |  |  | 243,055 |  |  |  | 3,751,437 |  |  | $ | 1.86 |
|  | Shares |  |  | Options Outstanding |
|  | Available |  |  | Number of |  |  | Weighted Average |
|  | for Grant |  |  | Shares |  |  | Exercise Price |
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 |
Options granted |  |  | (490,476 | ) |  |  | 490,476 |  |  |  | 2.88 |
Options cancelled and returned to the Plan |  |  | 76,666 |  |  |  | (76,666 | ) |  |  | 2.25 |
Balance at March 31, 2021 |  |  | 408,245 |  |  |  | 3,591,755 |  |  |  | 1.75 |
Schedule of Outstanding and Exercisable Option, Range | The following table summarizes the range of outstanding and exercisable options as of June 30, 2021: Schedule of Outstanding and Exercisable Option, Range | The following table summarizes the range of outstanding and exercisable options as of March 31, 2021:
STOCKHOLDERS' EQUITY (DEFICIT) & STOCK-BASED COMPENSATION (Details 3) |
|  | 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 - $5.90 |  |  | 3,751,437 |  |  |  | 8.09 |  |  | $ | 1.86 |  |  |  | 2,420,577 |  |  | $ | 1.47 |  |  | $ | 10,761,492 |
|  | 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 - $3.16 |  |  | 3,591,755 |  |  |  | 8.25 |  |  | $ | 1.75 |  |  |  | 2,228,738 |  |  | $ | 1.32 |  |  | $ | 8,763,260 |

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