v3.25.1
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of fair value of such stock options using the Black-Scholes option valuation
The Company has determined the fair value of shares awarded during the years ended March 31, 2025, March 31, 2024 and March 31, 2023 using the Monte Carlo valuation model based on the following key assumptions:
Stock awards granted Term (years)VolatilityRisk-free rate
October 6, 20223.6247.90 %3.24 %
March 1, 20244.9136.60 %4.18 %
April 1, 20244.8236.62 %4.36 %
April 23, 20244.7636.68 %4.65 %
June 24, 20244.5936.89 %4.31 %
July 1, 20244.5736.98 %4.47 %
July 12, 20241.5437.30 %4.64 %
August 5, 20244.4837.51 %3.64 %
August 13, 20244.4537.69 %3.70 %
October 1, 20244.3237.03 %3.51 %
February 13, 20253.9535.41 %4.35 %
February 25, 20254.9136.42 %4.03 %
Schedule of the activity of the company's restricted stock outstanding
The table below summarizes the activity for the Company's stock awards outstanding during the year ended March 31, 2025:
Shares Weighted
Average
Fair Value
Outstanding, March 31, 2024
983,205 57,598 
Granted766,958 82,520 
Vested(526,611)(41,576)
Forfeited/cancelled/expired(16,245)(794)
Outstanding, March 31, 2025
1,207,307 97,748