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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Fair value Assumptions of Options

STOCK-BASED COMPENSATION
   Three Months Ended
December 31,
   Nine Months Ended
December 31,
 
   2022   2021   2022   2021 
Risk-free interest rates   3.93% - 3.99%    1.26% - 1.36%    2.82% - 4.06%    0.8% - 1.36% 
Volatility   149%    197% - 253%    149% - 223%    89% - 370% 
Expected life (years)   5.0 - 5.7    5.0 - 6.0    5.0 - 5.7    5.0 - 6.2 
Schedule of Stock Option activity

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

 

STOCK-BASED COMPENSATION (Details 2)
       Options Outstanding 
   Shares
Available
for Grant
   Number of
Shares
   Weighted
Average
Exercise
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 
Options granted   (170,542)   170,542    2.00 
Share awards   (6,375)        
Options cancelled and returned to the Plan   26,594    (26,594)   5.82 
Balance at December 31, 2022   445,559    2,174,198   $5.69 
Schedule of Outstanding and Exercisable Option, Range

The following table summarizes the range of outstanding and exercisable options as of December 31, 2022:

 

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   2,174,198    7.94   $5.69    1,360,318   $5.87   $8,894