EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Mar. 31, 2023

EMPLOYEE BENEFIT PLANS

Schedule of activity related to options under all plans

	Year Ended March 31,
	2023			2022			2021
		Weighted			Weighted			Weighted
		Average			Average			Average
	Number of	Exercise		Number of	Exercise		Number of	Exercise
	Shares	Price		Shares	Price		Shares	Price
Balance, beginning of period	17,332	$	2.78	23,332	$	2.78	43,332	$	2.69
Options exercised	(1,511)		2.78	(6,000)		2.78	(20,000)		2.58
Options expired	(1,511)		2.78	—		—	—		—
Balance, end of period	14,310	$	2.78	17,332	$	2.78	23,332	$	2.78

Schedule of additional information regarding stock options outstanding

		Options Outstanding			Options Exercisable
	Weighted Avg		Weighted			Weighted
	Remaining		Average			Average
Range of	Contractual		Exercise			Exercise
Exercise Price	Life (years)	Number	Price		Number	Price
$1.00 - $3.00	0.29	14,310	$	2.78	14,310	$	2.78

Schedule of information of stock options outstanding

The following table presents information on stock options outstanding, less estimated forfeitures, as of March 31, 2023 and 2022:

	March 31, 2023		March 31, 2022
Stock options fully vested and expected to vest:
Number		14,310		17,332
Weighted average exercise price	$	2.78	$	2.78
Aggregate intrinsic value (1)	$	37,000	$	83,000
Weighted average contractual term of options (years)		0.29		1.29
Stock options fully vested and currently exercisable:
Number		14,310		17,332
Weighted average exercise price	$	2.78	$	2.78
Aggregate intrinsic value (1)	$	37,000	$	83,000
Weighted average contractual term of options (years)		0.29		1.29

⁽¹⁾ The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company’s stock.

Schedule of unvested restricted stock activity

	Time Based			Performance Based			Total
	Number	Weighted		Number	Weighted		Number	Weighted
	of	Average		of	Average		of	Average
	Unvested	Grant Date		Unvested	Grant Date		Unvested	Grant Date
Year Ended March 31, 2023	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Balance, beginning of period	26,855	$	6.02	121,492	$	5.70	148,347	$	5.76
Granted	15,571		6.30	56,125		6.30	71,696		6.30
Forfeited	—		—	(2,977)		7.56	(2,977)		7.56
Vested	(12,449)		6.07	(41,995)		5.26	(54,444)		5.45
Balance, end of period	29,977	$	6.14	132,645	$	6.05	162,622	$	6.07

	Time Based			Performance Based			Total
	Number	Weighted		Number	Weighted		Number	Weighted
	of	Average		of	Average		of	Average
	Unvested	Grant Date		Unvested	Grant Date		Unvested	Grant Date
Year Ended March 31, 2022	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Balance, beginning of period	45,616	$	6.57	96,772	$	5.27	142,388	$	5.69
Granted	15,274		7.08	54,011		7.06	69,285		7.06
Forfeited	(4,417)		5.82	(16,559)		5.55	(20,976)		5.61
Vested	(29,618)		7.43	(12,732)		8.35	(42,350)		7.71
Balance, end of period	26,855	$	6.02	121,492	$	5.70	148,347	$	5.76