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Stock-Based Compensation (Tables)
6 Months Ended
Sep. 30, 2023
Stock-Based Compensation [Abstract]  
Schedule of Assumptions were Used in the Fair-Value Method The weighted-average grant date fair value of options granted was $1.00 and $4.17 per share for the six months ended September 30, 2023 and 2022, respectively, and $1.02 and $4.06 for the three months ended September 30, 2023 and 2022, respectively. The following assumptions were used in the fair-value method calculations:
    

Three Months Ended
September 30,

    

Six Months Ended

September 30,

 
    2023    2022    2023    2022 
Risk-free interest rates   4.4% - 4.60%   3.0% - 4.1%   3.5% - 4.6%   2.8% - 4.1%
Volatility   126.7% - 127.4%   156% - 159%   82.6% - 152.2%   156% - 223%
Expected life (years)   5.0 – 5.7    5.0 – 5.7    5.0 – 6.2    5.0 – 5.7 
Schedule of Summarizes the Activity in the Shares The following table summarizes the activity in the shares available for grant under the Plan during the six months ended September 30, 2023:
       Options Outstanding 
   Shares       Weighted
Average
 
   Available
for Grant
   Number of
Shares
   Exercise
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    4.68 
Options granted   (101,875)   101,875    1.16 
Share awards   (6,265)   
    
 
RSUs granted   (250,000)   
    
 
Options cancelled and returned to the Plan   13,404    (13,404)   9.05 
Balance at September 30, 2023   1,438,078    2,912,664   $4.54 

 

Schedule of RSU Activity Under the Plan A summary of RSU activity under the Plan is presented below.
   Number
of Shares
  

Weighted
Average
Grant-Date

Fair Value

 
Balance at March 31, 2023   
   $
 
Granted   250,000   $0.91 
Vested   (20,834)  $0.91 
Non-vested shares as of September 30, 2023   229,166   $0.91 
Schedule of Outstanding and Exercisable Options The following table summarizes the range of outstanding and exercisable options as of September 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   1,387,350    8.04   $1.71    572,183   $1.82   $7,331 
$3.95 - $7.51   1,016,184    7.59   $5.39    769,831   $5.76    
 
$8.61 - $17.70   509,130    7.73   $10.53    424,320   $10.71    
 
$0.93 - $17.70   2,912,664    7.83   $4.54    1,766,334   $5.64   $

7,331