XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.23.2

STOCK OPTIONS AND WARRANTS (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract] |
SUMMARY OF STOCK OPTION ACTIVITY | A summary of stock option activity for the three months ended June 30, 2023 is summarized below: SUMMARY OF STOCK OPTION ACTIVITY
|  | June 30, 2023 |
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Contractual Life |
Stock Options: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 161,427 |  |  | $ | 7.90 |  |  |  | 6.6 |
Forfeited |  |  | (11,750 | ) |  | $ | 8.11 |  |  |  | - |
Balance at end of period |  |  | 149,677 |  |  | $ | 7.88 |  |  |  | 6.4 |
Options exercisable at end of period |  |  | 108,343 |  |  | $ | 7.77 |  |  |  |  |
SCHEDULE OF EMPLOYEE STOCK OPTIONS OUTSTANDING | The following table summarizes information about employee stock options outstanding at June 30, 2023: SCHEDULE OF EMPLOYEE STOCK OPTIONS OUTSTANDING
Range of Exercise Price |  |  | Number Outstanding at June 30, 2023 |  |  | Weighted Average Remaining Contractual Life |  |  | Weighted Average Exercise Price |  |  | Number Exercisable at June 30, 2023 |  |  | Weighted Average Exercise Price |
| $2.35. - $7.20 |  |  |  | 58,669 |  |  |  | 3.9 |  |  | $ | 5.00 |  |  |  | 57,335 |  |  | $ | 4.95 |
| $8.10 - $9.60 |  |  |  | 69,336 |  |  |  | 8.4 |  |  | $ | 8.27 |  |  |  | 29,336 |  |  | $ | 8.37 |
| $11.40 – 16.50 |  |  |  | 21,672 |  |  |  | 3.8 |  |  | $ | 14.42 |  |  |  | 21,672 |  |  | $ | 14.42 |
| * |  |  |  | 149,677 |  |  |  |  |  |  |  |  |  |  |  | 108,343 |  |  | $ | 7.77 |
* | Total number of options outstanding as of June 30, 2023 includes 23,343 options issued to six current and three former directors as compensation, and 73,334 options issued to Company officers as compensation and 64,750 issued to employees as part of an Employee Stock Incentive Plan.
SCHEDULE OF COMMON STOCK WARRANTS ISSUED AND OUTSTANDING | Common warrants issued and outstanding as of June 30, 2023 are as follows: SCHEDULE OF COMMON STOCK WARRANTS ISSUED AND OUTSTANDING
|  | Number of Common Warrants |  |  | Weighted Average Exercise Price |
Warrants: |  |  |  |  |  |  |  |
Warrants outstanding at April 1, 2023 |  |  | 902,113 |  |  | $ | 3.04 |
Warrants issued |  |  | - |  |  |  |  |
Warrants exercised |  |  | - |  |  |  |  |
Warrants outstanding at June 30, 2023 |  |  | 902,113 |  |  | $ | 3.04 |
Warrants exercisable at June 30, 2023 |  |  | 902,113 |  |  | $ | 3.04 |
SCHEDULE OF WARRANTS EXPIRATION | As of June 30, 2023, the Company’s outstanding warrants by expiration date were as follows: SCHEDULE OF WARRANTS EXPIRATION
Number of CommonWarrants |  |  | Exercise Price |  |  | Expiration Date
| 802,113 |  |  | $ | 2.80 |  |  | September 15, 2026
| 100,000 |  |  | $ | 5.00 |  |  | May 23, 2027
| 902,113 |  |  |  |  |  |  |

X
- Definition Schedule of Common Stock Warrants Issued and Outstanding [Table Text Block] + References No definition available. + Details
Name: | MICS_ScheduleOfCommonStockWarrantsIssuedAndOutstandingTableTextBlock
Namespace Prefix: | MICS_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration