v3.26.1
STOCK-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
SCHEDULE OF TIME-BASED RSU ACTIVITY

A summary of time-based RSU activity is presented below:

 

   Weighted-     
   Average   Grant Date 
   Shares   Fair Value 
         
Outstanding at March 31, 2024   225,000    4.10 
Granted   1,105,866   $1.11 
Vested   (285,449)   3.31 
Forfeited   (445,417)   2.78 
Outstanding at March 31, 2025   600,000    0.99 
Granted   1,363,044    0.48 
Vested   (367,935)   0.67 
Forfeited   (40,761)   0.46 
Outstanding at March 31, 2026   1,554,348   $0.62 
SCHEDULE OF FAIR VALUE OF SHARE OPTION AWARDS

The fair value of the share option awards was estimated using the Black-Scholes method using the closing price of the Company’s common stock on the date of grant based on the following weighted-average assumptions:

  

   Year Ended   Year Ended 
   March 31, 2026   March 31, 2025 
         
Expected option term   10.0 years    10.0 years 
Stock price volatility   112.8%   138.4%
Risk free interest rate   4.00%   2.09%
Expected annual dividend yield   0.0%   0.0%
Forfeiture rate   23.0%   29.9%
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of stock option activity is presented below:

  

           Weighted-     
       Weighted-   Average     
       Average   Remaining   Aggregate 
       Exercise   Contractual   Intrinsic 
   Options   Price   Life (Years)   Value 
                 
Outstanding at March 31, 2024   1,108,356    3.42    3.45   $595 
Granted   688,194    2.15           
Forfeited   (790,000)   3.59           
Exercised   -    -           
Outstanding at March 31, 2025   1,006,550   $2.42    2.85   $178 
Granted   171,516    0.46           
Forfeited   (534,766)   3.20           
Exercised   -    -           
Outstanding at March 31, 2026   643,300   $1.25    2.05   $388 
Vested and expected to vest March 31, 2026   588,093   $2.66    5.71   $- 
Exercisable at March 31, 2026   425,714   $1.16    4.53   $37