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Stock-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2023

Stock-Based Compensation [Abstract]

Schedule of Fair-Value Assumptions of Options

The weighted-average grant date fair value of options granted was $1.00 and $4.26 per share for the three months ended June 30, 2023 and 2022, respectively. The following assumptions were used in the fair-value method calculations:

			Three Months Ended, June 30,
			2023				2022
Risk-free interest rates			3.51 %-4.13	%			2.82% - 3.25	%
Volatility			83% -152	%			159% - 223	%
Expected life (years)			5.0 - 6.1				5.0 - 6.0

Schedule of Stock Option Activity

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

						Options Outstanding
										Weighted
		Shares								Average
		Available				Number of				Exercise
		for Grant				Shares				Prices
Balance at March 31, 2023			2,132,292				2,481,090			$	5.19
Options granted			(373,375	)			373,375				1.27
Share awards			(6,375	)			—				—
Options cancelled and returned to the Plan			30,272				(30,272	)			4.29
Balance at June 30, 2023			1,782,814				2,824,193			$	4.67

Schedule of Outstanding and Exercisable Option, Range

The following table summarizes the range of outstanding and exercisable options as of June 30, 2023:

		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
$0.93 - $2.00			1,285,475				8.14			$	1.75				540,308			$	1.86				—
$3.95 - $7.51			1,017,087				7.85			$	5.39				677,372			$	5.97				—
$8.61 - $17.70			521,631				7.99			$	10.53				411,005			$	11.21				—
$0.93 - $17.70			2,824,193				8.01			$	4.67				1,628,685			$	5.78				—

X

- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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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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- Definition

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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