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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Sep. 30, 2023
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 RSUs are valued based on a lattice model, with the following assumptions:
   

Granted in Fiscal 2024

   

Granted in Fiscal 2023

 

Expected life of options

 

5 years

   

5 years

 

Vested options

    100

%

    100

%

Risk-free interest rate

    3.49

%

    2.64

%

Expected volatility

    280

%

    285

%

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 six months ended September 30, 2023, the Company’s share-based expense and option-based expense shown in Selling, General and Administrative expenses (including research and development) were $901 thousand and $6 thousand, respectively, and for the six months ended September 30, 2022, the Company’s share-based expense and option-based expense was $1.8 million and $17 thousand, respectively.

Non-vested shares

 

Shares

(in thousands)

(#)

   

Weighted average

grant date fair value

($)

 

Non-vested shares as of March 31, 2023

    4,429       1.01  

Granted

    4,300       0.26  

Vested

    (197 )     0.30  

Cancelled/forfeited

    -       -  

Non-vested shares as of September 30, 2023

    8,532       0.65  
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, 2023

    150       1.39       0.30  

Granted

    -       -       -  

Exercised

    -       -       -  

Cancelled/forfeited

    -       -       -  

Options outstanding as of September 30, 2023

    150       1.39       0.30