v3.26.1
Stockholders’ Equity (Tables)
12 Months Ended
Mar. 31, 2026
Stockholders’ Equity [Abstract]  
Schedule of Fair Value of the Warrant, Using the Black-Scholes Model

The fair value of the warrant, using the Black-Scholes Model on the date of issuance was $274,472. The key inputs into the Black-Scholes Model variables were as follows at measurement date:

 

   June 7, 
   2024 
Stock price  $400.00 
Risk-free interest rate   4.46%
Volatility   56.52%
Exercise price  $400.00 
Dividend yield  $
 

The fair value of the 2025 Warrant, using the Black-Scholes Model on the date of issuance was $21,296,598. The key inputs into the Black-Scholes Model variables were as follows at measurement date:

 

    June 4,  
    2025  
Stock price   $ 55.5  
Risk-free interest rate     3.93 %
Volatility     53.92 %
Exercise price   $ 29.13  
Dividend yield   $  
Expected term (in years)     5.0  
Fair value per warrant   $ 37.24  
Number of warrants issued     571,912  
Total fair value of 2025 Warrants   $ 21,296,598  
Schedule of Common Shares Outstanding

The following table summarizes the Company’s activities and status of the Representative’s Warrants and 2025 Warrants:

 

           Weighted 
       Weighted   Average 
       Average   Remaining 
   Number of   Exercise   Term 
   Warrant   Price   (Years) 
Outstanding as of March 31, 2025   1,294   $400.00    4.2 
Issued   571,912    29.13    
 
 
Exercised   (571,912)   29.13      
Forfeited or expired   
    
      
Outstanding as of March 31, 2026   1,294   $400.00    3.2 
Schedule of Common Shares Outstanding

The following table reconciles the Company’s common shares outstanding from March 31, 2025 to March 31, 2026:

 

Common Stock Shares  Number of Shares 
Outstanding as of March 31, 2025   245,875 
Public offering in June 2025   285,956 
Private placement in September 2025   687,500 
Cashless exercise of warrants   410,982 
Fractional shares / other adjustments   2,073 
Outstanding as of March 31, 2026   1,632,386