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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

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

The options are fair valued using a Black-Scholes Pricing Model, and market-based RSU 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			5.24	%			2.42	%
Expected volatility			175	%			282	%
Expected dividend yield		Nil				Nil

Nonvested Restricted Stock Shares Activity [Table Text Block]

For Fiscal 2023, the Company’s share-based expenses and option-based expenses shown in Selling, general, and administrative expenses (including research and development) were $2.8 million and $29 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			5,848				0.28
Vested			(2,535	)			0.58
Cancelled/Forfeited			(290	)			0.31
Non-vested shares as of March 31, 2024			7,452				0.61

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				0.46				0.39
Granted			3,560				0.24				0.27
Exercised			-				-				-
Cancelled/forfeited			-				-				-
Options outstanding as of March 31, 2024			3,710				0.25				0.29

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

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-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
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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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