v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
 12 Months Ended
Mar. 31, 2026
Equity [Abstract]  
SCHEDULE OF TIME BASED RESTRICTED STOCK UNITS

The time-based restricted stock unit activity for the year ended March 31, 2026, was as follows:

 

  

Units

Outstanding

   Weighted Average Grant Date Fair Value Per Unit   Aggregate Intrinsic Value (1) 
Balance at March 31, 2024   32,000   $4.08   $32,000 
Granted   611,250    0.66    - 
Vested   (427,936)   0.89    - 
Cancelled   (10,000)   3.04    - 
Balance at March 31, 2025   205,314   $0.58   $123,188 
Vested   (185,314)   0.59    - 
Cancelled/Forfeited   (20,000)   0.55    - 
Balance at March 31, 2026   -   $-   $- 

 

1) The aggregate intrinsic value of restricted stock units outstanding is calculated as the difference between the exercise price of the underlying awards and the closing stock price of $0.60 for the Company’s common stock on March 31, 2025 and the closing stock price of $0.70 for the Company’s common stock on March 31, 2026.
SCHEDULE OF STOCK OPTION ACTIVITY

Stock option activity for the years ended March 31, 2026 and 2025 was as follows:

 

SCHEDULE OF STOCK OPTION ACTIVITY

  

Options

Outstanding

   Weighted- Average Exercise Price Per Share   Weighted-Average Remaining Contractual Life   Aggregate Intrinsic Value (1) 
Balance at March 31, 2024   1,509,122   $1.98    5.7 years   $- 
Granted   122,000    0.80    -    - 
Cancelled   (1,473,168)   2.02    -    - 
Balance at March 31, 2025   157,954    0.86    0.2 years   $- 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Cancelled/Forfeited   (122,000)   0.80    -    - 
Balance at March 31, 2026   35,954   $1.06    0.75 years    $- 
                     
Options exercisable at March 31, 2026   35,954   $1.06    0.75 years   $- 

 

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing stock price of $0.70 for the Company’s common stock on March 31, 2026, and the closing stock price of $0.60 for the Company’s common stock on March 31, 2025.
SCHEDULE OF WARRANT’S USING BLACK-SCHOLES VALUATION

These warrants’ fair values were arrived at by using the Black-Scholes valuation model with the following assumptions:

 

SCHEDULE OF WARRANT’S USING BLACK-SCHOLES VALUATION

 

   Year Ended   Year Ended 
   March 31, 2026  

March 31, 2025

 
Stock price on valuation date  $0.70-$1.15    $0.49 - $0.68  
Exercise price  $0.75-$1.10   $ 0.50 -$3.00 
Term (years)   2.0 – 3.0    2.0 – 3.0 
Volatility   106.1-119.3%    115.1%-140.1%
Risk-free rate   3.72-3.81%    4.02 – 4.64%
SCHEDULE OF WARRANT ACTIVITY

A summary of warrant activity for the years ended March 31, 2026, and 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, 2024   7,768,946    3.29    5.7    3.29 
Issued   7,110,232    -    -    - 
Expired   (246,319)   -    -    - 
Outstanding, March 31, 2025   14,632,859   $2.40    2.1    2.40 
Granted and issued   2,490,000    0.83    2.83    0.83 
Exercised   (940,000)   0.91    -    0.97 
Expired   (183,778)   -    -    - 
Outstanding, March 31, 2026   15,999,081    -    0    - 
                     
Warrants exercisable at March 31, 2026   15,999,081   $2.26    1.58   $2.26