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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Sep. 30, 2022

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 is valued based on a lattice model, with the following assumptions:

		Granted in Fiscal 2023				Granted in Fiscal 2022
Expected life of options		5 years				5 years
Vested options			100	%			100	%
Risk free interest rate			2.64	%			2.42	%
Expected volatility			285	%			282	%
Expected dividend yield		Nil				Nil

Nonvested Restricted Stock Shares Activity [Table Text Block]

For the six months ended September 30, 2021, these expenses were $535 thousand and $14 thousand, respectively.

Non-vested shares		Shares (in thousands)				Weighted average grant date fair value ($)
Non-vested shares as of March 31, 2022			5,283				1.17
Granted			1,650				0.43
Vested			(1,139	)			(1.12	)
Cancelled/forfeited			-				-
Non-vested shares as of September 30, 2022			5,794				0.98

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, 2022			300				0.93				0.34
Granted			-				-				-
Exercised			-				-				-
Cancelled/forfeited			-				-				-
Options outstanding as of September 30, 2022			300				0.93				0.34

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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
-Topic 718
-SubTopic 10
-Section 50
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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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