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Stock-based Compensation (Tables)

6 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Grant-date Fair Value of Stock Options Granted and Assumptions Used Binominal Models

Included in the following table is a summary of the grant-date fair value of stock options granted and the related assumptions used in the Binomial models for stock options granted during the six months ended September 30, 2024 and 2023. All such amounts represent the weighted average amounts.

 Schedule of Grant-date Fair Value of Stock Options Granted and Assumptions Used Binominal Models 

		Six Months Ended
		September 30
		2024				2023
Grant-date fair value			-			$	8.73
Volatility factor			-				56.5	%
Dividend yield			-				-
Risk-free interest rate			-				3.44	%
Expected term (in years)			-				6.25

Summary of Activity of Stock Options

The following table is a summary of activity of stock options for the six months ended September 30, 2024:

Summary of Activity of Stock Options 

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contract Life in Years				Intrinsic Value
Outstanding at April 1, 2024			165,750			$	9.36				6.62			$	103,275
Granted			-				-
Exercised			(12,367	)			6.28
Forfeited or Expired			(2,500	)			-
Outstanding at September 30, 2024			150,883			$	9.52				6.48			$	395,520
Vested at September 30, 2024			105,508			$	7.69				5.81			$	469,298
Exercisable at September 30, 2024			105,508			$	7.69				5.81			$	469,298

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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 weighted-average grant-date fair value of equity options or other equity instruments granted during the year.

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