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Stock Options and Restricted Shares (Tables)
12 Months Ended
Mar. 31, 2021
Stock Options And Restricted Shares [Abstract]  
Schedule of fair value options
   2020 
Stock price  $1.97 
Risk-free interest rate   1.66%
Expected life   2.5 years 
Expected volatility   41.83%
Expected dividend yield   8%
   2021 
Stock price  $2.42 
Risk-free interest rate   0.22%
Expected life   2.5 years 
Expected volatility   53.56%
Expected dividend yield   8%
Schedule of stock option activity
   Number of
stock
options
   Weighted
average
exercise
price
   Weighted
average
remaining
contractual
life (years)
 
Outstanding as of April 1, 2019   -    -    - 
Granted   410,000    1.97    - 
Exercised   -    -    - 
Cancelled   (25,000)   -    - 
Outstanding as of March 31, 2020   385,000   1.97    4.36 
                
Granted   40,000    2.42    - 
Exercised   (40,000)   -    - 
Cancelled   (20,000)   -    - 
Outstanding as of March 31, 2021  365,000    1.97    3.36 
Exercisable as of March 31, 2020  385,000    1.97    4.36 
Exercisable as of March 31, 2021  365,000    1.97    3.36