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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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