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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The options are valued using a Black-Scholes Pricing Model and Market based RSU are valued based on lattice model , with the following assumptions:

		Granted in Fiscal 2022				Granted in Fiscal 2021
Expected life of options		5 years				5 years
Vested options			100	%			100	%
Risk free interest rate			1.61	%			0.68	%
Expected volatility			281	%			249	%
Expected dividend yield		Nil				Nil

Nonvested Restricted Stock Shares Activity [Table Text Block]

The expense associated with share-based payments to employees, directors, advisors, and contractors is allocated over the vesting or service period and recognized in the Selling, general and administrative expenses (including research and development). For the nine months ended December 31, 2020, the Company’s share-based expense and option-based expense shown in selling, general and administrative expenses (including research and development) was $459 thousand and $64 thousand, respectively.

Non-vested shares		Shares (in thousands) (#)				Weighted average grant date fair value ($)
Non-vested shares as of March 31, 2021			173				0.85
Granted			5,799				1.20
Vested			(114	)			(1.15	)
Cancelled/forfeited			(27	)			(1.35	)
Non-vested shares as of December 31, 2021			5,831				1.19

Share-based Payment Arrangement, Option, Activity [Table Text Block]

Options		Shares (in thousands) (#)				Weighted average grant date fair value ($)				Weighted average exercise price ($)
Options outstanding as of March 31, 2021			210				0.46				0.36
Granted			150				1.39				1.39
Exercised			-				-				-
Cancelled/forfeited			-				-				-
Options outstanding as of December 31, 2021			360				0.85				0.79

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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-Publisher FASB
-Name Accounting Standards Codification
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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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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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