v3.25.2
Stock-based Compensation (Tables)
12 Months Ended
Mar. 31, 2025
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 in fiscal 2025 and 2024. All such amounts represent the weighted average amounts for each period.

 

   For the year ended March 31, 
   2025   2024 
Grant-date fair value   -   $8.73 
Volatility factor   -    56.5%
Dividend yield   -    - 
Risk-free interest rate   -    3.44%
Expected term (in years)   -    6.25 
Schedule of Activity of Stock Options

The following table is a summary of activity of stock options for the years ended March 31, 2025 and 2024:

 

  

Number of

Shares

  

Weighted

Average

Exercise Price

Per Share

  

Weighted Aggregate

Average

Remaining

Contract Life

in Years

  

Intrinsic

Value

 
Outstanding at April 1, 2023   139,250   $8.36    7.04   $419,853 
Granted   32,000    12.68           
Exercised   (5,500)   3.58           
Forfeited or Expired   -    -           
Outstanding at March 31, 2024   165,750   $9.36    6.62   $103,275 
Granted   -    -           
Exercised   (12,367)   6.28           
Forfeited or Expired   (2,500)   14.83           
Outstanding at March 31, 2025   150,883   $9.52    5.98   $- 
                     
Vested at March 31, 2025   105,508   $7.69    5.31   $50,431 
Exercisable at March 31, 2025   105,508   $7.69    5.31   $50,431 
Schedule of Other Information Pertaining to Option Activity

Other information pertaining to option activity was as follows during the year ended March 31:

 

   2025   2024 

Weighted average grant-date fair value of stock

options granted (per share)

  $-   $8.73 
Total fair value of options vested  $205,241   $234,025 
Total intrinsic value of options exercised  $92,316   $37,566 
Schedule of Information About Options Outstanding

The following table summarizes information about options outstanding at March 31, 2025:

 

Range of Exercise Prices  

Number of

Options

  

Weighted

Average

Exercise Price Per Share

  

Weighted Average Remaining

Contract Life in

Years

  

Aggregate

Intrinsic Value

 
$ 3.344.83    25,677   $3.34           
 4.845.97    35,000    4.84           
 5.988.51    29,706    8.51           
 8.5218.05    60,500    15.34           
$3.3418.05    150,883   $9.52    5.98   $-