XML 69 R38.htm IDEA: XBRL DOCUMENT v3.25.2
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Mar. 31, 2025
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 2025

   

Granted in
Fiscal 2024

 
Expected life of options   5 years     5 years  
Vested options     100 %     100 %
Risk free interest rate     3.93 %     5.24 %
Expected volatility     171 %     175 %
Expected dividend yield   Nil     Nil  
Nonvested Restricted Stock Shares Activity [Table Text Block]

For Fiscal 2024, the Company’s share-based expenses and option-based expenses shown in Selling, general, and administrative expenses (including research and development) were $1.7 million and $59 thousand, respectively.

 

Non-vested shares  Shares
(in thousands)
(#)
   Weighted
average
grant date
fair value
($)
 
Non-vested shares as of March 31, 2024    7,452    0.61 
Granted    -    - 
Vested    (1,443)   0.34 
Cancelled/Forfeited    (212)   0.33 
Non-vested shares as of March 31, 2025   5,796    0.64 
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, 2024   3,710    0.25    0.39 
Granted   250    0.34    0.34 
Vested   (628)   0.25    0.25 
Cancelled/forfeited   (150)   1.39    0.39 
Options outstanding as of March 31, 2025   3,182    0.30    0.34