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STOCKHOLDERS’ DEFICIT AND STOCK-BASED COMPENSATION (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2021 | Mar. 31, 2021
Equity [Abstract] |  |
Schedule of Fair Value Assumptions | The following assumptions were used in the fair value method 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 December 31, |  |  | Nine Months Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Risk-free interest rates |  |  | 1.26% - 1.36% |  |  |  | 0.38% |  |  |  | 0.8% - 1.36% |  |  |  | 0.28% - 0.38% |
Volatility |  |  | 197% - 253% |  |  |  | 87% |  |  |  | 89% - 370% |  |  |  | 87% - 127% |
Expected life (years) |  |  | 5.0 – 6.0 |  |  |  | 5.2 – 5.7 |  |  |  | 5.0 - 6.2 |  |  |  | 5.0 - 6.0 |
Dividend yield |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | 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 Plan 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 |
|  | Shares Available for Grant |  |  | Number of Shares |  |  | Weighted Average Exercise Prices |
Balance at March 31, 2021 |  |  | 136,082 |  |  |  | 1,197,252 |  |  | $ | 5.25 |
Options granted |  |  | (60,774 | ) |  |  | 60,774 |  |  |  | 12.69 |
Share awards |  |  | (1,836 | ) |  |  | — |  |  |  | — |
Options cancelled and returned to the Plan |  |  | 7,547 |  |  |  | (7,547 | ) |  |  | 8.61 |
Balance at June 30, 2021 |  |  | 81,089 |  |  |  | 1,250,479 |  |  |  | 5.58 |
Additional shares authorized under the Plan |  |  | 1,333,334 |  |  |  | — |  |  |  | — |
Options granted |  |  | (396,384 | ) |  |  | 396,384 |  |  |  | 12.15 |
Share awards |  |  | (3,636 | ) |  |  | — |  |  |  | — |
Options cancelled and returned to the Plan |  |  | 49,213 |  |  |  | (49,213 | ) |  |  | 7.02 |
Balance at September 30, 2021 |  |  | 1,063,546 |  |  |  | 1,597,650 |  |  |  | 7.17 |
Options granted |  |  | (266,112 | ) |  |  | 259,559 |  |  |  | 9.99 |
Share awards |  |  | (5,775 | ) |  |  | — |  |  |  |  |
Options cancelled and returned to the Plan |  |  | 29,073 |  |  |  | (11,256 | ) |  |  | 7.24 |
Balance at December 31, 2021 |  |  | 820,732 |  |  |  | 1,845,953 |  |  |  | 7.57 |
|  | Shares |  |  | Options Outstanding |
|  | Available |  |  | Number of |  |  | Weighted Average |
|  | for Grant |  |  | Shares |  |  | Exercise Price |
Balance at March 31, 2019 |  |  | 490,031 |  |  |  | 509,969 |  |  |  | 2.56 |
Additional shares authorized under the Plan |  |  | 333,334 |  |  |  | — |  |  |  | — |
Options granted |  |  | (572,402 | ) |  |  | 572,402 |  |  |  | 6.75 |
Options cancelled and returned to the Plan |  |  | 23,056 |  |  |  | (23,056 | ) |  |  | 6.75 |
Balance at March 31, 2020 |  |  | 274,019 |  |  |  | 1,059,315 |  |  |  | 4.74 |
Options granted |  |  | (163,492 | ) |  |  | 163,492 |  |  |  | 8.64 |
Options cancelled and returned to the Plan |  |  | 25,555 |  |  |  | (25,555 | ) |  |  | 6.75 |
Balance at March 31, 2021 |  |  | 136,082 |  |  |  | 1,197,252 |  |  |  | 5.25 |
Schedule of Outstanding and Exercisable Option, Range | The following table summarizes the range of outstanding and exercisable options as of December 31, 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 |
$1.98 - $17.70 |  |  | 1,845,953 |  |  |  | 8.13 |  |  | $ | 7.57 |  |  |  | 1,011,586 |  |  | $ | 5.10 |  |  | $ | 3,564,268 |
|  | 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 |
$1.98 - $9.48 |  |  | 1,197,252 |  |  |  | 8.25 |  |  | $ | 5.25 |  |  |  | 742,913 |  |  | $ | 3.96 |  |  | $ | 8,763,260 |

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