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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Sep. 30, 2022

Equity [Abstract]

STOCK-BASED COMPENSATION

		Three Months Ended September 30,								Six Months Ended September 30,
		2022				2021				2022				2021
Risk-free interest rates			3.00% - 4.06%				0.8% - 0.98%				2.82% - 4.06%				0.8% - 0.98%
Volatility			156% - 159%				367% - 370%				156% - 223%				89% - 366%
Expected life (years)			5.0 - 5.7				5.0 - 6.2				5.0 - 5.7				5.0 - 6.0

Schedule of Stock Option activity

A summary of stock option activity under the EIP is presented below:

Schedule of Stock Option activity

STOCK-BASED COMPENSATION (Details 2)

						Options Outstanding
										Weighted
		Shares								Average
		Available				Number of				Exercise
		for Grant				Shares				Prices
Balance at March 31, 2022			989,466				1,650,705			$	6.58
Options granted			(265,634	)			265,634				4.35
Share awards			(2,664	)			—				—
Options cancelled and returned to the Plan			96,668				(96,668	)			7.69
Balance at June 30, 2022			817,836				1,819,671				6.19
Options granted			(241,023	)			241,023				4.35
Share awards			(11,375	)			—				—
Options cancelled and returned to the Plan			30,444				(30,444	)			4.67
Balance at September 30, 2022			595,882				2,030,250			$	6.00

Schedule of Outstanding and Exercisable Option, Range

The following table summarizes the range of outstanding and exercisable options as of September 30, 2022:

Schedule of Outstanding and Exercisable Option, Range

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
$3.95 - $17.70			2,030,250				8.02			$	6.00				1,228,447			$	5.65			$	952,473

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Publisher FASB
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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year.

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