v3.25.2
STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Jun. 30, 2025
Equity [Abstract]  
SCHEDULE OF TIME BASED RESTRICTED STOCK UNITS

Time-based restricted stock unit activity for the three months ended June 30, 2025 was as follows:

 

  

Units

Outstanding

  

Weighted

Average Grant

Date Fair Value

Per Unit

  

Aggregate Intrinsic

Value (1)

 
Balance at March 31, 2025   205,314    0.58   $123,188 
Vested   (92,814)   0.88      
Cancelled   -    -      
Balance at June 30, 2025   112,500   $0.57   $90,000 

 

(1) The aggregate intrinsic value of restricted stock units outstanding was based on the Company’s closing stock price on the last trading day of the period.
SCHEDULE OF STOCK OPTION ACTIVITY

Stock option activity for the three months ended June 30, 2025 is as follows:

 

   Options Outstanding   Weighted- Average Exercise Price Per Share  

Weighted-

Average Remaining Contractual Life

  

Aggregate Intrinsic

Value (1)

 
Balance at March 31, 2025   157,954    0.86    2.1 years   $- 
Granted   -    -           
Cancelled   -    -           
Balance at June 30, 2025   157,954   $0.86    1.85 years   $- 
                     
Options exercisable at June 30, 2025   157,954                

 

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing stock price of $0.80 for the Company’s common stock on June 30, 2025 and the closing stock price of $0.60 for the Company’s common stock on March 31, 2025.
SCHEDULE OF ADDITIONAL INFORMATION ABOUT STOCK OPTIONS

The following summarizes additional information about the stock options:

 

  

Three Months

Ended

 
   June 30, 2025  
Number of:      
Non-vested options, beginning of period   35,954  
Non -vested options, end of period   -  
Vested options, end of period   157,954  

 

  

Three Months

Ended

 
   June 30, 2025 
Weighted-average grant date fair value of:     
Non-vested options, beginning of period  $0.80 
Non-vested options, end of period  $- 
Vested options, end of period  $0.86 
Forfeited options, during the period  $- 
SCHEDULE OF WARRANT’S USING BLACK-SCHOLES VALUATION

These fair value of the warrants issued were arrived at by using the Black-Scholes valuation model with the following assumptions:

 

  

Three Months

Ended

    Year Ended  
   June 30, 2025    March 31, 2025  
Stock price on valuation date  $0.70    $ 0.49-0.68  
Exercise price  $0.75 - 1.00    $ 0.50 - 3.00  
Term (years)   2.03.0      2.0 3.0  
Volatility   110.5119.3%     115.1140.1  
Risk-free rate   4.02%     4.024.64  
SCHEDULE OF WARRANT ACTIVITY

A summary of warrant activity for three months ended June 30, 2025 is as follows:

 

   Number of
Warrants
   Weighted-
Average
Exercise
Price
   Weighted Average Remaining Contractual Term (in years)   Weighted-
Average
Exercisable
Price
 
                 
Outstanding, March 31, 2025   14,632,859    2.40    2.1    2.40 
Granted and issued   370,000    0.80    2.75    0.80 
Exercised   (70,000)   2.00    -    2.00 
Expired   (56,903)   -    -    - 
Outstanding, June 30, 2025   14,875,956   $2.37    1.83   $2.37